Four Swedish companies, including IKEA, looking to set up base in Tamil Nadu: Swedish Ambassador to India
The Hindu
Sweden's Ambassador to India discusses Swedish companies exploring opportunities in Tamil Nadu, emphasizing growth and collaboration in the region.
Sweden’s Ambassador to India Jan Thesleff on Wednesday said that four Swedish companies, including IKEA, were exploring setting up a base in Tamil Nadu.
During an interaction with senior journalists of The Hindu Group of Publications at its head office in Chennai, he said that there were a total of 70 Swedish companies in Tamil Nadu, employing about 25,000 people.
“We are not happy with this, and want to do more,” Mr. Thesleff said.
He said that the Swedish firms exploring opportunities in the State included Trelleborg Marine Services, SAAB, Camfil, and IKEA on the retail side.
Other companies were looking to expand their operations in the State with new plants. Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore will inaugurate their new facilities on January 21 and 22, 2025, respectively, Mr. Thesleff said.
On Tuesday, he led a delegation of 15 companies to meet Industries Minister T.R.B. Rajaa. “It was more than a courtesy call. Each company briefed [the Minister] about what they are doing, and their requirements for expanding in the State. The Minister responded to them immediately,” Mr. Thesleff said.
He said that many companies not only wanted to be in India for its growing market, but were also looking to make it a hub for exports.
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