PM Modi Invites European Industry to Invest in India, Pitches Five Key Growth Sectors

Prime Minister Narendra Modi called on European industry leaders to deepen investments in India while outlining five major sectors for future collaboration during his address at the European Round Table for Industry (ERT) in Gothenburg, Sweden.

Speaking before top European business executives, Sweden’s Prime Minister Ulf Kristersson, European Commission President Ursula von der Leyen, and global industry representatives, Modi described India-Europe relations as entering a new turning point built on strategic, economic, and political convergence.

Highlighting the recently concluded India-European Union Free Trade Agreement (FTA), the Prime Minister described it as a transformative deal that would create new opportunities in trade, manufacturing, services, technology, and supply chains. He stressed the need for its early implementation and noted that initiatives like the India-Middle East-Europe Economic Corridor (IMEC) would further strengthen economic integration between India and Europe.

Pitching India as the world’s fastest-growing major economy, Modi highlighted the country’s large young population, expanding middle class, rapid infrastructure development, digital public infrastructure, startup ecosystem, and reform-driven economic growth.

He emphasized that India has moved forward over the past decade through reforms such as the Goods and Services Tax (GST), Insolvency and Bankruptcy Code, corporate tax reforms, labour reforms, and Production Linked Incentive (PLI) schemes, making the country more business-friendly and globally competitive.

The Prime Minister outlined five key sectors where European companies can significantly expand cooperation with India: Telecom and Digital Infrastructure: Modi invited firms to contribute to India’s transition from 5G to 6G, AI-enabled networks, secure digital connectivity, and research and development.

AI, Semiconductors, and Deep-Tech Manufacturing: Calling for stronger partnerships in advanced technology, Modi encouraged European technology leaders to become part of India’s growing semiconductor and electronics ecosystem.

Green Transition and Clean Energy: Stressing India’s focus on energy security and sustainability, he invited investments in green hydrogen, clean energy, electric vehicles, decarbonisation, and energy storage.

Infrastructure, Mobility, and Urban Transformation: Modi highlighted opportunities in logistics, aerospace, mobility, defence, green steel, and sustainable infrastructure development.

Healthcare and Life Sciences: He urged companies to expand partnerships in vaccines, cancer care, digital health, nutrition, and medical devices under the vision of “Design for India, Make in India, and Export from India.”

Prime Minister Modi also challenged European firms to make fresh investment commitments in India over the next five years and proposed identifying flagship projects that could be jointly developed.

To institutionalize stronger cooperation, Modi suggested an annual India-Europe CEO Roundtable and proposed the creation of an India Desk at the ERT to support companies already operating in India and facilitate new investments.

Calling India-Europe ties a partnership based on democracy, trust, innovation, and transparency, Modi said both regions could emerge as pillars of stability, sustainability, and shared prosperity in an uncertain global environment.

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