"A relationship that has grown in intensity over the years and has a huge potential! PM @narendramodi met with @SwedishPM Stefan Löfven," Indian External Affairs Ministry spokesperson Raveesh Kumar tweeted.
"The two leaders had a productive exchange of views on bilateral and regional issues," Kumar said.
Following Tuesday's summit, a number of agreements across various sectors are expected to be signed.
This apart, Modi and Lofven will attend a round table of Swedish CEOs.
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 -- Denmark, Finland, Iceland and Norway -- will also be present.
Modi will hold separate bilateral meetings with the leaders of the other four Nordic countries on the sidelines of the summit.
After attending an Indian community event here late on Tuesday night, Modi will depart for London on the second leg of his tour.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)