Trade talks held with Hallberg
Railways Minister, Piyush Goyal, has invited all Swedish companies to come forth with new and innovative technologies for the Railways that are cost competitive and can be adopted by the Indian Railways system.
In Stockholm for the 19 Indo–Swedish Joint Commission for Economic, Industrial and Scientific Cooperation, Goyal met over a roundtable interaction.
The meeting was attended by Bombardier, Ericsson, SWERIG (Swedish Rail Industry Group) and Swedish Transport Administration (Trafikverket).
The companies gave presentations on the latest technologies being developed by them and their applicability in the Indian context.
Swedish Transport Administration gave an overview of the roll out of ERTMS (European Rail Traffic Management System) in Sweden and the lessons learnt from modernisation and privatisation of the Swedish railways.
SWERIG showcased some of the solutions being offered by smaller Swedish railway players to support the Indian railways towards rapid transformation of signalling, traffic management, timetabling and testing track quality.
Goyal, who is also Commerce and Industry Minister, called upon Anna Hallberg, the Swedish Minister for Foreign Trade.
He gave an update on India’s open FDI policy of the provides for a conducive environment for Swedish businesses to take advantage of and serve the local and export markets from India, said the Ministry on 23 Oct 2019.
During the meeting he reiterated the importance of increasing the bilateral trade and investment and take forward the existing relationship between both the two countries.
Swedish expertise in technology and innovation would be of immense importance to provide solutions for India’s plans for infrastructure development, smart cities, healthcare, energy, smart mobility and transport systems, said Goyal.
Hallberg appreciated the proactive approach of the Indian side and looked forward to working towards achieving a bilateral trade of US$5 billion in the next 5 years as proposed by Goyal. fiinews.com
