Prime Minister of India visited Sweden on 16-17 April 2018. This was Prime Minister’s first visit to Sweden as well as a visit to Sweden by Indian Prime Minister after Rajiv Gandhi visit in 1988. On arrival in Stockholm on 16 April, Prime Minister was received by PM Lofven.
Meeting with Swedish Kind
King of Sweden holds ceremonial post. Prime Minister had meeting with His Majesty King Carl XVI Gustaf. King Carl XVI Gustaf visited India earlier in 1993 and 2005.
Meeting with PM
Prime Minister had a meeting with PM Lofven. They met earlier when PM Lofven visited India in February 2016 and participated in the ‘Make in India’ Week in Mumbai with a strong business delegation. In October 2017, PM Lofven participated in ‘Make in India: Sweden 2017’ event organized in Stockholm.
Prime Minister’s discussions with PM Lofven focused on strengthening bilateral ties with special emphasis on building closer economic relations.
FDI from Sweden into India is USD 1.4 billion. India-Sweden annual bilateral trade stands at around USD 1.8 billion.
Sweden is home to more than 20000 members of Indian diaspora, including around 2000 Indian students studying in various institutions.
India – Nordic Council Summit
During the visit, India and Sweden also hosted an India-Nordic Summit, entitled ‘India-Nordic Summit: Shared Values, Mutual Prosperity’.
It was attended by Prime Minister of India and PM Lofven and all other Nordic Prime Ministers, PM Lars Lokke Rasmussen of Denmark, PM Juha Sipila of Finland, PM Katrin Jakobsdottir of Iceland and PM Erna Solberg of Norway.
India-Nordic economic relations
India has substantial economic ties with Nordic countries. Annual India-Nordic trade is about $5.3 billion. The cumulative Nordic FDI into India has been $2.5 billion.
(Adapted from PIB)