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Sweden’s KonveGas Enters Indian Energy Market, Eyes Local Manufacturing Under EU-India FTA

The gas storage technology firm plans to introduce lightweight, recyclable Type 4 composite cylinders in India, leveraging the EU-India FTA to drive clean-tech partnerships and joint ventures.

January 28, 2026. By News Bureau

KonveGas, a Swedish company specialising in gas storage technology, has announced its entry into the Indian Energy sector. The Free Trade Agreement is expected to provide fresh momentum to technology transfers and Joint Ventures (JVs). The company primarily develops 'Type 4' composite cylinders, which are lightweight and fully recyclable and there is heavy demand for this technology in India's rapidly growing green energy sector.

Following the announcement of the India-European Union Free Trade Agreement (FTA) by Prime Minister Narendra Modi, European tech companies have begun demonstrating strategic interest in the Indian market. During 'India Energy Week' held in Goa, it became evident that this agreement is not limited to trade alone, but is a significant step toward establishing India as a global manufacturing hub.

While the FTA has primarily been in the spotlight for potential import duty cuts on automobiles and wine, experts believe that European clean-tech companies are now viewing India not just as a massive market, but as an active production base. The fact that European Small and Medium Enterprises (SMEs) are now directly engaging with Indian industries is seen as a direct impact of the new trade policy.

During India Energy Week, Alexander Enulescu, Founder of KonveGas, stated, "Understanding India's energy needs, we are committed to providing lightweight storage solutions that offer a 70 percent reduction in carbon emissions."

The company has selected Delhi, Pune and Gujarat for its initial phase of operations. These regions are India's primary automotive and industrial hubs. Following the FTA, business opportunities in these sectors are expected to grow. The company aims to begin direct operations within the next six months.

In alignment with India's 'Make in India' initiative, KonveGas is exploring possibilities for sourcing raw materials locally rather than relying solely on imports. The company is currently in discussions with Indian investors and corporate partners for potential Joint Ventures (JV) or technical agreements.

Tags:

Energy efficiency

KonveGas

Gas storage technology

Sweddish gas storage company

Indian energy sector

Composite cylinders

Green energy sector

India-European Union Free Trade Agreement

FTA

India Energy Week 2026

Alexander Enulescu