India and Sweden will on Tuesday also co-host the first ever India-Nordic Summit, where, apart from Modi and Lofven, the Prime Ministers of the other four Nordic countries of Denmark, Finland, Iceland and Norway will also be present.
"PM urged Icelandic companies to look at India as an investment destination in blue economy and geothermal energy and strengthen cooperation in education, tourism and culture", Kumar said. I am confident that in this sector, especially in the defence production sector, there will be new opportunities for cooperation in future.
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The two nations will also intensify cooperation in areas such as green technology and smart cities. 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.
"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.
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 global voice for development issues". The discussions focused on bilateral ties as well as major global and regional issues of mutual interest. "On the one hand Modi talks about bringing people together and of Bharat ki baat sab ke sath, but on the other hand his cohorts RSS storm troopers continue to brazenly defy the law unleashing violence on Dalits and religious minorities", said a representative of CasteWatchUK. Sweden has been a partner of India in the defence sector for a long time.
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Modi also said developments in Europe and Asia came up for detailed discussion during the bilateral summit. India's exports to Sweden amounted to United States dollars 710 million, while India's imports from the nordic country totaled USD 1,160 million in 2016-17.
Besides defence, the two countries have also made a decision to strengthen cooperation in security, with an emphasis on cyber security.
"This is my first visit to Sweden and a visit by an Indian PM after a gap of almost 30 years, " Mr. Modi tweeted soon after arriving in Stockholm. He said India has emerged as a global power whose voice can not be ignored in any conversation on a global platform.
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This is the first prime ministerial visit from India to Sweden in 30 years after the visit of then Prime Minister Rajiv Gandhi in 1988.
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