Finance
Prime Minister Shri Narendra Modi held bilateral consultations with Prime Minister H.E. Mr. Ulf Kristersson in Gothenburg, Sweden. Her Royal Highness Crown Princess Victoria of Sweden also participated in the meeting and conveyed warm wishes from Their Majesties The King Carl XVI Gustaf and The Queen Silvia. Prime Minister Modi conveyed his warm wishes on His Majesty The King’s 80th birthday.
The leaders reviewed the full spectrum of India-Sweden relations and acknowledged the growing momentum in bilateral ties across the sectors of trade and investment, innovation, green transition, emerging technologies, defence and security, digitalisation, SMEs, space, research, education, culture and people-to-people exchanges. They reaffirmed their shared commitment to strengthening the ties which are based on shared democratic values and driven by innovation, sustainability and R&D linkages. They underlined the importance of maintaining regular high-level political engagements and institutional dialogues to guide the expanding partnership.
The two leaders agreed to elevate India-Sweden relationship to the level of Strategic Partnership. The Strategic Partnership will be guided by four pillars: Strategic Dialogue for Stability and Security; Next-Generation Economic Partnership; Emerging Technologies and Trusted Connectivity; and Shaping Tomorrow Together – People, Planet, Health and Resilience. To operationalise the Strategic Partnership, the two leaders adopted the India-Sweden Joint Action Plan 2026-2030, which provides a comprehensive roadmap for cooperation across political, economic, technological, security, climate and people-to-people domains.
The two leaders underscored that the recently concluded India-EU FTA has opened a new chapter in economic & commercial ties and agreed to continue efforts for its early implementation to facilitate deepening the trade, investment and technology linkages.
Prime Minister Modi appreciated Sweden’s continued engagement with India across strategic sectors including innovation, clean technologies, advanced manufacturing, sustainable mobility and digital transformation. Prime Minister Kristersson appreciated the strides being made by India in the field of digital transformation and Artificial Intelligence. He also noted the positive contribution of the Indian community to Sweden’s economy and innovation ecosystem. Prime Minister Modi invited further Swedish participation in India’s growth story.
The leaders also exchanged views on key regional and global issues of mutual interest. They emphasized the urgency of reform of the UN and other multilateral organisations. Prime Minister Modi thanked Sweden for their strong support in the fight against terrorism. The two leaders further reaffirmed their commitment to promoting peace, stability, resilient supply chains and sustainable economic growth.
Source: PIB
