Millennium Post

India, Sweden sign joint action plan & innovation partnership

Stockholm: Aiming to build a win-win partnership through Sweden making use of the opportunities offered by India's development programmes, the two countries on Tuesday signed a Joint Action Plan and an Innovation Partnership following a bilateral summit between Indian Prime Minister Narendra Modi and his Swedish counterpart Stefan Lofven here.
Jointly addressing the media here along with Lofven after the talks, Modi said that Sweden has been a strong contributor to the Make in India programme from the beginning and recalled that the Swedish Prime Minister himself led a big business delegation to the Make in India summit in Mumbai in 2016.
"The main theme of our discussions today was how to develop a win-win partnership between Sweden and India through the opportunities offered by India's development programmes," Modi said. "As a result, we agreed to a Joint Action Plan and an Innovation Partnership."
Stating that innovation, investment, start-ups, manufacturing were among the main areas of cooperation between the two countries, he said that attention was also paid on renewable energy, urban transport and waste management to improve the quality of life of the Indian people.
"Defence and security is an important pillar of our bilateral reltionship," Modi said.
"Sweden has been partner of India in defence sector for a long time. I am confident that new opportunities for cooperation in this sector will arise in the future, especially in defence production."
Stating that Sweden is an important partner of India for defence and security, the Indian Prime Minister said that there will be new opportunities for defence production in the future.
According to Modi both sides also agreed to further strengthen security, especially cyber security cooperation.
"One more thing that we have agreed upon is that the importance of our relationship should be reflected at the regional and global levels," he said. "We have been been closely cooperating on the international platform and this will continue."
Modi also said developments in Europe and Asia also came up for detailed discussion during the bilateral summit
On his part, Lofven said that he believed that Sweden and India make a perfect match.
Stating that India is undergoing an unprecedented economic transformation, he said that Sweden has a lot of innovative solutions to offer in this connection.
"I am very pleased to announce that the Swedish government will kick start our Innovation Partnership by providing up to 50 million Swedish kronor (Over $59 million) for innovation cooperation with India in the field of smart cities and sustainability," Lofven said.
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