Sweden-India Business Council (SIBC)

What Sweden-India Business Council (SIBC) does

Sweden-India Business Council (SIBC) is a Stockholm-based bilateral business council founded in 2003 that facilitates trade, investment, and institutional engagement between Sweden and India. The organization operates as a member-driven intermediary with no technology platform; its core deliverables are events, sector-specific delegations to India, high-level roundtables, and a weekly newsletter. SIBC also serves as the official secretariat for the India Sweden Business Leaders' Roundtable (ISBLRT), a CEO-level forum established by joint statement of both Prime Ministers, co-chaired by Marcus Wallenberg (Chairman of SEB) and Baba Kalyani (Executive Chairman of Bharat Forge), with memberships restricted to CEOs and Chairpersons of multinational companies with minimum USD 1 billion turnover.

SIBC's product surface is event- and program-centric rather than software-centric. Core offerings include the Sweden India Innovation Bridge (a 5-day immersion program priced at EUR 2,500-4,000 per participant), the India Sweden Innovation Day (co-hosted with India Unlimited and the Embassy of India in Sweden), Manufacturing and Life Sciences Delegations to India, and the ISBLRT forum with four Joint Working Groups covering Digitization, Smart Cities, Defense, and Skilling. Revenue is generated through corporate and individual membership fees (subscription/recurring) and event/delegation participation fees; a tiered Platinum/Gold/Silver sponsorship structure (Electrolux, Saab Technologies, Volvo as Platinum) supplements this. The corporate membership base spans large-cap Swedish industrials (Volvo, ABB, Ericsson, Saab, Alfa Laval, Atlas Copco, Scania, StoraEnso, Autoliv), financial services (SEB), academic institutions (Chalmers, KTH), and Indian corporates with Swedish presence (Infosys, Wipro Sweden).

Governance is led by Secretary General and President Robin Sukhia, VP and Head of Cleantech Arati Davis, and Brand Ambassador Cecilia Oldne, supported by a small operational team. The organization is privately held, member-funded, and reports through the ISBLRT structure to both Prime Ministers' offices. Recent strategic positioning has been reinforced by the elevation of bilateral ties to a Strategic Partnership and the launch of the Joint Action Plan 2026-2030, which expands SIBC's mandate into emerging technologies, sustainability, and people-to-people engagement.

Name

Sweden-India Business Council (SIBC)

Legal name

Sweden-India Business Council

Website

https://sibc.se

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

SIBC is a Stockholm-based bilateral business council founded in 2003 that facilitates trade, investment, and CEO-level engagement between Sweden and India through events, delegations, and the ISBLRT forum.

Ownership category

akta.pro rank

Product category

Bilateral Trade Facilitation and Business Council Services

NAICS

Business Associations (813910), Convention and Trade Show Organizers (56192)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Professional & Association Conferences (MPAGAGAB)

akta.pro secondary industries

Executive Summits & Invitation-Only Forums (MPAGAGAK), Industry-Specific B2B Trade Show Organizers (THAHABAB)

Keywords

• Bilateral business council
• Trade facilitation services
• Corporate membership programs
• Business delegation programs
• International networking events

Headquarters

HQ city

Stockholm, Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: SIBC generates revenue through corporate and individual membership fees, providing access to networking events, delegations, roundtables, and business intelligence services.
2. Event and Delegation Participation Fees: Revenue generated from participation fees in programs like the Sweden India Innovation Bridge and sector-specific delegations to India.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

SIBC is a bilateral business council that facilitates trade, investment, and innovation between Sweden and India. It sells corporate and individual memberships and organizes events, delegations, and the India Sweden Business Leaders' Roundtable (ISBLRT), providing members with networking, policy advocacy, business matchmaking, and market intelligence across manufacturing, life sciences, defense, digitization, smart cities, and skilling.

Product overview

Sweden-India Business Council (SIBC) is a bilateral business council that facilitates trade and investment between Sweden and India. Rather than a unified software product, SIBC operates as a membership organization offering programs and services including corporate/individual membership, the India Sweden Business Leaders' Roundtable (ISBLRT) high-level forum, delegation programs (Sweden India Innovation Bridge, Manufacturing Delegation, Life Sciences Delegation), annual events like India Sweden Innovation Day, and a weekly newsletter. These services collectively support bilateral economic exchange, innovation collaboration, and business networking between the two countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Sweden-India Business Council Membership Corporate and individual membership program providing networking opportunities, business intelligence, policy advisory, and access to bilateral engagements between Swedish and Indian businesses.
• India Sweden Business Leaders' Roundtable (ISBLRT) A high-level platform for business leaders from Sweden and India to identify joint challenges in research, innovation, investments, financing, trade, business, industrialization, and regulatory issues, reporting to the respective Prime Ministers of both countries.
• Sweden India Innovation Bridge A 5-day delegation program in India designed to strengthen the innovation capacity of Swedish companies, providing exposure to India's startup ecosystem and Global Capability Centers (GCCs).
• India Sweden Innovation Day Flagship annual event co-hosted by India Unlimited, the Embassy of India in Sweden, and SIBC for the bilateral innovation partnership, featuring high-level participation, curated panels, and CEO roundtables.
• Manufacturing Delegation to India Organized delegation visit to India focused on manufacturing sector opportunities, market exploration, and business networking for Swedish companies and partners.
• Life Sciences Delegation to India Organized delegation visit to India focused on life sciences sector opportunities, partnerships, and market entry support for Swedish life sciences companies.

Quantifiable outcome

• Over 1,200 engagements facilitated over 22 years
• +2 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered platinum partner, gold partner, silver partner, core and minor.

• Electroluxplatinum partnerOthersElectrolux is a Platinum Partner of SIBC, participating in bilateral business activities between Sweden and India.
• Saab Technologiesplatinum partnerOthersSaab Technologies is a Platinum Partner of SIBC, involved in defense and technology business discussions through ISBLRT.
• Volvoplatinum partnerOthersVolvo Group is a Platinum Partner of SIBC and active member of ISBLRT, with Martin Lundstedt as President and CEO representing the company.
• Setterwalls Advokatbyrå ABgold partnerOthersSetterwalls is a Gold Partner of SIBC, providing legal services and support to the bilateral business community.
• KTH (Royal Institute of Technology)silver partnerOthersKTH is a Silver Partner of SIBC and participates in academic collaboration through the bilateral innovation ecosystem.
• IIRIS Consultingsilver partnerOthersIIRIS Consulting is a Silver Partner of SIBC, providing consulting services to member companies.
• India Sweden Business Leaders' Roundtable (ISBLRT)coreStrategic or Co-development PartnerSIBC serves as the secretariat for ISBLRT, a high-level platform for business leaders from Sweden and India. The group was established through a Joint Statement by both Prime Ministers and reports to the respective Prime Ministers. Swedish co-chair: Marcus Wallenberg (Chairman of SEB). Indian co-chair: Baba Kalyani (Executive Chairman of Bharat Forge).
• Sweden-India Business Leaders' Roundtable (ISBLRT)coreStrategic or Co-development PartnerSIBC serves as the secretariat for ISBLRT with four main Joint Working Groups in Digitization, Smart Cities, Defense, and Skilling, plus Innovation and Startup as a common interest. ISBLRT members are restricted to CEOs and Chairpersons of multinational companies with minimum USD 1 billion in turnover.
• Team Sweden IndiacoreStrategic or Co-development PartnerSIBC is part of Team Sweden India, involved with activities, initiatives, and ongoing plans among authorities, agencies and government related to the India-Sweden business relationship.
• India UnlimitedcoreStrategic or Co-development PartnerIndia Unlimited collaborates with the Embassy of India in Sweden and SIBC to co-host the India Sweden Innovation Day, a flagship platform for the bilateral innovation partnership.
• Embassy of India in SwedencoreStrategic or Co-development PartnerThe Embassy of India in Sweden collaborates with India Unlimited and SIBC to co-host the India Sweden Innovation Day and other bilateral activities.
• India-EU Free Trade Agreement FrameworkminorStrategic or Co-development PartnerThe conclusion of the India-EU Free Trade Agreement and adoption of India-EU Strategic Agenda 2030 creates opportunities for deeper economic integration between India and Europe, benefiting bilateral Sweden-India relations.
• Joint Action Plan 2026-2030coreStrategic or Co-development PartnerThe Joint Action Plan 2026-2030 builds on its predecessor with four pillars: Strategic Dialogue for Stability and Security, Next-Generation Economic Partnership, Emerging Technologies and Trusted Connectivity, and Shaping Tomorrow Together (sustainability, health, resilience, and people-to-people engagement).

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Swedish Foreign Trade Association (Föreningen Svensk Export): Swedish-side trade policy and export-promotion body that collaborates with bilateral councils like SIBC and informs export-flow analyses (e.g., the 20-30% FTA uplift cited by SIBC); broader than SIBC but in the same ecosystem.
• Federation of Indian Chambers of Commerce & Industry (FICCI): One of the largest and oldest Indian business chambers, offering membership, sector-specific delegations, B2B forums, and policy advocacy across global corridors; comparable to SIBC's bilateral model but at a much larger scale and broader geographic scope.
• Confederation of Indian Industry (CII): Larger, India-side industry body that interacts with bilateral councils like SIBC; CII organizes large-scale conferences, B2B delegations, and policy advocacy across many country corridors, providing the broader institutional context within which SIBC operates.
• Swedish Chambers of Commerce Abroad (Utsrikeshandlarna): Umbrella/network of Swedish bilateral chambers operating globally; SIBC is part of the same ecosystem and these peer chambers offer overlapping member services, providing direct competitive and collaborative comparison points.

Direct peers

• Indo-German Chamber of Commerce (IGCC): Bilateral business chamber facilitating India-Germany trade and investment with a similar mix of corporate membership, executive-level roundtables, sector-specific delegations, and matchmaking services between two advanced-economy partners.
• US-India Business Council (USIBC): The most structurally analogous peer to SIBC: a bilateral business council with US-side institutional backing, organizing high-level CEO roundtables, policy advocacy, and trade missions between the United States and India. Comparable membership, government-relations, and delegation business model.
• French Business Alliance India (IFCCI): Indo-French Chamber of Commerce and Industry — a bilateral business chamber with membership, executive events, and trade delegations between France and India, structurally analogous to SIBC's model.
• Sweden China Business Council: Same bilateral-council model as SIBC but focused on Sweden-China relations, organized under Team Sweden and providing membership, events, and delegation services for Swedish firms engaging with China.
• UK India Business Council (UKIBC): Bilateral business council promoting UK-India commercial ties through memberships, high-level forums, sector delegations, and policy advocacy — virtually identical operating model to SIBC but between UK and India.
• EuroCham India: Pan-European chamber of commerce operating in India, competing for the same bilateral-member and delegation business as SIBC but aggregating multiple European country members — a direct substitute for corporates seeking India-side European coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/SIBCtweets
• Facebookfacebook.com/SwedenIndiaBusinessCouncil
• LinkedInlinkedin.com/company/sweden-india-business-council
• Instagraminstagram.com/swedenindiabusiness

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sweden-India Business Council (SIBC)