India, Sweden to deepen collaboration through strategic innovation partnership

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In his address, Prime Minister Modi also highlighted that India's stature has increased manifold at the world stage.

This cumulative investment in India over a span of five years is more than that had been done over the last 20 years, he noted. You might recall, one had to wait for days for LPG gas cylinder. "He said that the government has saved $12 billion from ending up in wrong hands because of these steps", PM Modi said. Modi told a huge audience at Stockholm University late Tuesday. They will also "proceed with India-Sweden defence seminars in India and Sweden in 2018-19 and explore, together with the ISBLRT, opportunities for investment in Defence Production Corridors in India", "encourage industry partners to develop supply chains for small and medium sized enterprises with major Defence & Aerospace Original Equipment Manufacturers". "Now, empowerment is a tool especially for women who have been poverty stricken", says Modi.

Expand research, innovation and business cooperation on new innovative energy technologies through the India-Sweden Innovations' Accelerator, focusing on technologies to utilise renewable energy and energy efficiency.

Modi would also call on the Queen, interact briefly with CEOs of the two nations who are working on a new agenda of economic partnership, launch an Ayurveda Centre of Excellence in London, and welcome the United Kingdom into the International Solar Alliance, as its newest member. Mr. Modi will travel to London on Tuesday itself to take part in the Commonwealth Heads of Government meeting.

The Nordic-India Summit was co-hosted by India and Sweden on the second day of Modi visit to Sweden.

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During his Sweden visit, Modi met Danish Premier Lars Lokke Rasmussen and held talks on renewing and enhancing cooperation.

Prime Minister Modi also had an "excellent meeting" with his Finnish counterpart Juha Sipila.

The Nordic countries also welcomed India's membership bid for the Nuclear Suppliers' Group (NSG) and "reaffirmed their commitment to work constructively within the Group with the aim of reaching a positive outcome at the earliest opportunity", it said. Leaders exchanged views on strengthening bilateral cooperation across several sectors. A relationship that has grown in intensity over the years and has a huge potential.

Two documents were agreed to between India and Sweden following the delegation-level talks - Innovation Partnership and Joint Action Plan - to maximise bilateral cooperation for the benefit of the people.

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