You are here: Home » News-IANS » Science-Tech
Business Standard

India, Sweden ink joint action plan, innovation partnership (Roundup)

IANS  |  Stockholm 

With the aim to build a win-win partnership with making use of the opportunities offered by India's development programmes, the two countries on Tuesday signed a and an Innovation Partnership following a bilateral summit between Indian and his Swedish counterpart here.

Jointly addressing the media here along with Lofven after their talks, Modi said that has been a strong contributor to the Make in programme from the beginning and recalled that the Swedish himself led a big business delegation to the Make in summit in in 2016.

"The main theme of our discussions today was how to develop a win-win partnership between and through the opportunities offered by India's development programmes," Modi said. "As a result, we agreed to a and an Innovation Partnership."

Stating that innovation, investment, start-ups, were among the main areas of cooperation between the two countries, he said that attention was also paid to renewable energy, urban transport and to improve the quality of life of the Indian people.

According to the Joint Action Plan, both sides will initiate a multi-stake holder Innovation Partnership for a Sustainable Future, underpinning the mutual commitment to drive prosperity and growth and address societal challenges such as climate change and sustainable development through innovation.

The Action Plan also aims to exchange knowledge and explore cooperation on smart cities, including transit-oriented urban development, air pollution control, waste management, waste-to-energy, waste-water treatment, district cooling and circular economy, including through dialogue and capacity building.

The two sides also agreed to exchange know-how and explore cooperation in the areas of electro-mobility as well as renewable fuels.

The aims to deepen collaboration between the two countries in smart, sustainable and renewable energy, women's skills development and empowerment, space and science, and health and life sciences.

"Defence and security is an important pillar of our bilateral relationship," Modi said in his address to the media.

"has been partner of in defence sector for a long time. I am confident that new opportunities for cooperation in this sector will arise in the future, especially in defence production."

Modi said that both sides also agreed to further strengthen security, especially cyber security cooperation.

According to the Joint Action Plan, both sides agreed to explore the finalisation of a bilateral agreement on exchange and mutual protection of classified information for cooperation in the defence area and encourage industry partners to develop supply chains for small and medium sized enterprises with major defence and

"One more thing that we have agreed upon is that the importance of our relationship should be reflected at the regional and global levels," Modi said. "We have been closely cooperating on the international platform and this will continue."

Modi also said developments in and came up for detailed discussion during the bilateral summit.

According to the Joint Action Plan, both sides "reaffirmed the need for reform of the UN Security Council, including its expansion, to make it more representative, accountable, effective, and responsive to the realities of the 21st century".

"Both Prime Ministers called for greater unity and stronger international partnership to counter terrorism, disrupt and financing, and to prevent violent extremism," it stated.

On his part, Lofven said that he believed that and make a perfect match.

Stating that is undergoing an unprecedented economic transformation, he said that has a lot of innovative solutions to offer in this connection.

"I am very pleased to announce that the will kick start our Innovation Partnership by providing up to 50 million Swedish kronor (Over $59 million) for innovation cooperation with in the field of smart cities and sustainability," Lofven said.

Following the summit, Modi and Lofven participated in a round table with Swedish CEOs during which the CEOs were exhorted to invest in and participate in the country's flagship initiatives, said in a tweet.

Earlier in the day, Modi called on Sweden's Gustaf at the here and the two leaders exchanged views on strengthening bilateral cooperation.

and 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 of Denmark, Finland, and will also be present.

Modi will hold separate bilateral meetings with the leaders of the other four on the sidelines of the summit.

The Indian arrived here on Monday evening on the first leg of his three-nation tour of that will also see him going to Britain and

This is the first prime ministerial visit from to in 30 years after the visit of then in 1988.

After attending an Indian community event here late on Tuesday night, Modi will depart for on the second leg of his tour.

--IANS

ab/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 20:14 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU