India and Sweden have had longstanding close relations based on common values

India and Sweden on Wednesday discussed possibilities of deepening cooperation in areas like innovation, climate technology, and climate action.

During a meeting in Copenhagen, Prime Minister Narendra Modi and Swedish PM Magdalena Andersson also talked about working together in the fileds of green hydrogen, space, defence, civil aviation, Arctic, polar research, sustainable mining and trade and economic ties,. according to details released by the Ministry of External Affairs (MEA).

The MEA said that the two leaders, who met on the sidelines of the 2nd India-Nordic Summit, reviewed the progress made in their bilateral partnership.

"They also expressed satisfaction at the progress made by the Lead IT initiative. This was a India-Sweden joint global initiative to set up a Leadership Group on Industry Transition (LeadIT) in September 2019 at the UN Climate Action Summit to help guide the world’s heaviest greenhouse gas (GHG) emitting industries towards the low-carbon economy. Its membership has now grown to 35 with 16 countries and 19 companies," the MEA noted.

Discussions also took place on regional and global developments.

The MEA pointed out that India and Sweden have had longstanding close relations based on common values; strong business, investment and R&D linkages; and similar approaches to global peace, security and development. Innovation, Technology, Investment and R&D collaborations provide the bedrock of this modern relationship.

During the 2018 visit of Prime Minister Modi to Sweden on the occasion of the 1st India-Nordic Summit, the two sides had adopted a wide-ranging Joint Action Plan and signed a Joint Innovation Partnership.