More Swedish investors looking at ventures on BPO, manufacturing, dealership in Davao

THE SWEDISH business community is exploring investment opportunities in Davao City, including in business process outsourcing (BPO) and dealership where some companies from the European country already have a local presence.

Antonio S. Peralta, chairman of the European Chamber of Commerce of the Philippines (ECCP)-Southern Mindanao Business Council, told BusinessWorld the other potential investment areas are in manufacturing consumer durables, and distribution and dealership for industrial machinery and parts.

Sweden was one of the recent stops of an online roadshow organized by the Davao City Investment Promotion Center with ECCP, Embassy of Sweden in Manila, Philippine Embassy in Stockholm, and the Department of Trade and Industry.

Among the sectors discussed were agriculture, light manufacturing, information technology, and Smart City technology, among others.

Mr. Peralta said Swedish presence in Davao City include the Volvo Trucks distributorship, Stockholm-headquartered Transcom through its recent acquisition of local BPO Awesome OS, Atlas Copco, H and M fashion store, and the HUSQVARNA Group that sells industrial and transportation products like KTM Motorcycles. — Maya M. Padillo