India and Sweden Upgrade Bilateral Ties to Strategic Partnership

Key facts

• India and Sweden have upgraded their bilateral ties to a Strategic Partnership.
• The two nations launched the Joint Innovation Partnership 2.0 and the India-Sweden Technology and Artificial Intelligence (AI) Corridor.
• India and Sweden have set an ambitious goal to double their bilateral trade in the next five years.
• Prime Minister Narendra Modi was conferred with the Royal Order of the Polar Star, Degree Commander Grand Cross.
• The India-Middle East-Europe Economic Corridor (IMEC) was highlighted as a connectivity project adding value to the India-Europe business partnership.
• Collaboration areas identified include telecom and digital infrastructure, electronics, deep tech manufacturing, AI, green energy, infrastructure, mobility, urban transformation, healthcare, and life science.
• Swedish companies were invited to participate in the Make in India initiative, the National Green Hydrogen Mission, and the National Critical Mineral Mission.