Modi's Sweden visit and why is it important of the economy?

India-Nordic Summit 2018 PM Modi to call King of Sweden and Swedish PM

Prime Minister Modi exhorted top Swedish CEOs to invest in India and participate in flagship initiatives, External Affairs Ministry Spokesperson Raveesh Kumar said. "Sweden has been a partner for India in the field of defence and I hope that in future also, Sweden will help India in defence manufacturing", he said.

In Defence, the action plan aims to "Explore the finalization of a bilateral agreement on exchange and mutual protection of classified information for cooperation in the defence area.Enhance Indo-Swedish dialogue on defence cooperation". There are excellent opportunities for cooperation in the fields of smart cities, clean technology, universal housing, renewable energy, e-mobility, start-up, waste disposal, and many others with an objective of creating jobs and sustainable development for the people in India. He said the two sides had issued a joint action plan as well as signed an innovation partnership.

"They have huge planning and building work in front of them which they want to do in a climate smart way, and in that we have a very clear area of cooperation", Löfven commented.

Earlier in the day, Modi held delegation-level talks with his Swedish counterpart Stefan Lofven on a wide range of issues.

Prime Minister Narendra Modi has described the Commonwealth as a "unique multilateral grouping that not only provides useful assistance to its developing country members, particularly the small states and small-island developing states, but also has a strong worldwide voice for development issues".

Companies in Sweden, the largest Nordic economy in Europe is committing a fresh 1.1 billion dollars investment in India led by some of its major companies Volvo, IKEA, AstraZaneca amongst others. The Nordic countries and India reiterated the need for the UNSC's reform.




Besides defence, the two countries have also chose to strengthen cooperation in security, with an emphasis on cyber security.

Modi, in his speech in Stockholm Tuesday, said the two countries were aiming for a "win-win" partnership.

For his part, Lofven praised India for its "global power" and said that the two countries were a "perfect combination". This is Narendra Modi's second bilateral visit to the U.K.in three years, ahead of the Commonwealth Heads of Government Meeting (CHOGM).

Prime Minister Lofven's address was followed by the address by Prime Minister Narendra Modi. Modi, who is on his maiden visit to the country, is on the first leg of his journey that would take him to Britain and Germany as well.

This will the first visit of an Indian Prime Minister in the past 30 years.

Related news:

Hot News

isis-killer-beheading-video-story-top Cuba to elect new leader as Raúl Castro leaves presidency
Apr 19, 2018 - 01:37
Later, the members of the assembly will vote for president of the country, with the results expected to be announced Thursday. Castro became president in 2008 when his brother, Fidel Castro , formally handed over power as his health deteriorated.

isis-killer-beheading-video-story-top Sean Hannity 'Seems to Get Away With Whatever He Wants'
Apr 19, 2018 - 01:34
The frequency of Hannity's contact with Trump means that "he basically has a desk in the place", one presidential adviser said. When he's off the phone, Trump is known to cite Hannity when he talks with White House advisers.

isis-killer-beheading-video-story-top GM Canada president leaving to run auto maker's Cadillac unit
Apr 19, 2018 - 01:33
He was also a driving force behind Project Pinnacle, an ambitious plan to overhaul not only the brand, but its retailers as well. Even though the first quarter of 2018 saw sales rise 8.1 percent, that was with the help of hefty incentives.

isis-killer-beheading-video-story-top Capitals' OT win cuts into Jackets' series lead
Apr 19, 2018 - 01:33
Gabriel Landeskog was credited with an empty-net goal for the Avalanche, who snapped a 12-game skid against the Predators. Alex Ovechkin assisted on both of Washington's second-period goals. "It's going to be a battle again in Game 4".

isis-killer-beheading-video-story-top UK's Harry and fiancee Meghan to attend memorial service for murdered teenager
Apr 19, 2018 - 01:32
Harry was recently appointed Ambassador of youth in the British Commonwealth and said that Megan would help him in this activity. She wore a striped Altuzarra dress with a Camilla and Marc blazer, an Oroton bag and Tamara Mellon shoes.

isis-killer-beheading-video-story-top Post-Brexit UK passports to be printed in France after all
Apr 19, 2018 - 01:32
De La Rue's Mr Sutherland had initially said the decision to award the contract to Gemalto was "shocking" and pledged to appeal. De La Rue is headquartered in Basingstoke and has sites in Gateshead, Westhoughton, Debden, Overton and Bathford.

isis-killer-beheading-video-story-top SpaceX Rocket To Mars Will Be Built In Los Angeles: Where, Exactly?
Apr 18, 2018 - 05:01
" SpaceX will try to bring rocket upper stage back from orbital velocity using a giant party balloon", he wrote over the weekend. Analysts have mused that using refurbished rockets could lower this launch price by some $20 million - or more .

isis-killer-beheading-video-story-top Google reveals 4.6% of all Android smartphones run Oreo
Apr 18, 2018 - 05:00
Protecting children's online privacy is very important to us and we are confident that our practices adhere to the law. Still, most of those apps "either do not make use of these options" or use them incorrectly.

isis-killer-beheading-video-story-top Stormy Daniels Defends Herself Against "Publicity Stunt" Claims on 'The View'
Apr 18, 2018 - 04:56
Forget the story.' And then he leaned around and looked at my daughter and said, 'That's a attractive little girl. I'm done being bullied", she said.

isis-killer-beheading-video-story-top Former first lady Barbara Bush dies at 92
Apr 18, 2018 - 04:56
Former first lady of the United States Barbara Bush has died at her home in Houston , Texas, at the age of 92. "She's a fighter. Bush at age 16 at a Christmas dance in Greenwich, Conn., while he was a finishing prep school and headed for Yale University.

isis-killer-beheading-video-story-top The Mustang Is Coming to the NASCAR
Apr 18, 2018 - 04:56
The Mustang will be Ford's fourth different Cup Series model since 1972, following the Thunderbird, Taurus and Fusion. The six-generation of Mustang began its sale in 2015 and overall 418,000 units are sold around the world.

isis-killer-beheading-video-story-top US Supreme Court hears oral arguments on Internet sales tax case
Apr 18, 2018 - 04:55
The law was struck down previous year by South Dakota's highest court, which cited the Supreme Court's 1992 Quill Corp. v. Supreme Court will hear a case this week that will determine, to some degree, what you pay for things purchased online.

isis-killer-beheading-video-story-top New drug could be game changer in treating lung cancer
Apr 18, 2018 - 04:55
The trial had coprimary endpoints of overall survival (OS) and PFS, and the intention-to-treat analysis comprised 616 patients. The New England Journal of Medicine has recently published these impressive new results in a study.

isis-killer-beheading-video-story-top Yuki Kawauchi Dominates Men's Race in Boston
Apr 17, 2018 - 10:49
Kawauchi is the first Japanese man to win the race since 1987, and Linden is the first American woman to win the race since 1985. The biggest story of the Boston Marathon was Desiree Linden , who broke the race's 32-year drought on us winners for women.

isis-killer-beheading-video-story-top Protests Take Over Philly Starbucks After Two Black Customers Arrested
Apr 17, 2018 - 10:44
Previously, Johnson appeared in a video apologizing to the two men and promising changes at the company. The demonstrators had demanded Starbucks fire the manager of the store for calling the police.