Setting the tone for a fruitful exchange of views at the talks, the two Prime Ministers walked together from the residence of Mr. Lofven to office for the delegation-level talks. The two Prime Ministers also interacted with business leaders and talked about trade and business ties.
The Nordic nations agreed that India is a strong candidate for a permanent seat in a reformed UN Security Council expanded with both permanent and non-permanent members, the statement said. "When it comes to trade and investment, we will speak to CEOs and take a decision", PM Modi added.
"Sweden has been partner of India in defence sector for a long time. We have now mutually made a decision to increase our cooperation this sector, particularly in the field of cyber security", the prime minister added.
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Charles Frump, MD of Volvo Car India, who attended the meet, said Volvo shared their vision of electrified vehicles with Prime Minister Modi and stated how it was in line with the Indian government's vision.
The Indo-Swedish Joint Commission on Scientific and Economic Affairs, Foreign Office Consultations and other relevant bilateral fora and Joint Working Groups will oversee the implementation of this Action Plan.
"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. Prime Minister Löfven welcomed India's recent accession to the global export control regimes, including to Australia Group (AG), Wassenaar Arrangement (WA), Missile Technology Control Regime (MTCR), and The Hague Code of Conduct against Ballistic Missile Proliferation (HCOC), and expressed support for India's membership of the Nuclear Supplier Group (NSG).
Hailing the partnership between India and Sweden, PM Modi called it a win-win partnership that focuses on innovation and joint action. Addressing the media, Narendra Modi called India-Sweden partnership as "a flawless match" signalling that an "intensified political and business interaction" will take place between India and Sweden. He will also have a brief stopover in Berlin, Germany, on April 20 while on his way back home.