The Sweden-India Business Council (SIBC) is the first choice network for growing business between Sweden and India. Established in May 2003, SIBC now grows rapidly every year adding small, medium and large companies as members. SIBC arranges focused meetings, roundtables and more with high value in terms of knowledge and time. As a result of discussions between the Swedish and Indian Business Community in 2002, and MOU was signed between the Confederation of Indian Industry (CII) and the Confederation of Swedish Enterprise to form SIBC. Since then SIBC has also signed a collaboration agreement with federal Chamber of Commerce and Industry (FICCI) in India.