Baltic Sea Region calls Indian cos

Hyderabad: The Baltic Sea Region offers Indian companies an investment climate that is attractive and also the advantage to influence the bigger markets in Russia and CIS countries. Sweden, Finland and Denmark, Estonia, Latvia and Lithuania constitute the Baltic Sea Region countries, with a small but highly consumptive combined consumer strength of 100 million. The highly developed clusters in biotech, pharma, telecom and clean technology offer good opportunities for Indian companies to tap. Already 50 Indian companies, with the likes of Wipro, TCS, Satyam, Bharat Forge, IndoRama, L&T, and Biocon have their presence in these countries. Sweden is contemplating to establish an office in South India, most likely in Bangalore to strengthen its efforts. Many Swedish companies are also looking for opportunities to expand.