The Hindu wrote that Swedish companies are upbeat about India and plan to increase their investments three fold in next two years, a survey conducted by the Swedish Chamber of Commerce in India (SCCI) showed.

“All that I can say is that some Swedish companies in single brand retail are very eager to open retail stores in India. They would source even more from India if they were allowed to establish presence here,” Lars-Olof Lindgren, Ambassador of Sweden to India, told the newspaper when asked to comment on the Government's last month decision to allow foreign companies to take majority stake in supermarkets.

The value of the capital investments made by Swedish companies exceeded 1 billion Swedish kronor ($145 million) for the period 2009-11. The planned investments for 2011-13 is expected to nearly triple, according to the findings of the fourth Business Climate Survey 2011.