The prime minister was making a joint statement with his Swedish counterpart Stefan Lofven at Stockholm on Tuesday.
After the delegation level talks here, Prime Minister Narendra Modi and his Swedish counterpart Stefan Lofven witnessed the signing and exchange of Joint Innovation Partnership and announcement of adoption of the Joint Action Plan. The summit will also be attended by the prime ministers of Finland, Norway, Denmark and Iceland.
The leaders noted that the unique strengths of India and the Nordic countries offer enormous opportunities for trade and investment diversification and mutually beneficial collaboration, the statement said.
PM Modi further announced that both India and Sweden have agreed to strengthen their defence and security cooperation.
Modi also said India and Sweden will continue their close cooperation on the global stage. "However, we were not formally consulted via official correspondence about certain contents of NISAU's letter to PM Modi", a statement from Queen Mary Indian Society said.
Stating that India is undergoing an unprecedented economic transformation, he said that Sweden has a lot of innovative solutions to offer in this connection.
Amidst loud cheers from the audience, the PM said: "Be it Africa or small Pacific countries, or ASEAN or Europe or Asia, all of them are looking at India as a trusted friend".More news: Jimmy Kimmel Gleefully Taunts Hannity For Being Outed as Cohen's Mystery Client
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Prime Minister Modi particularly highlighted the importance India attaches to the cooperation in defence sector.
Infusing new energy into their bilateral relations, Mr. Modi and Mr. Lofven held fruitful discussion on issues related to cooperation in innovation, trade and investment and culture.
A series of demonstrations, including a silent protest to condemn the rape and murder of an eight-year-old girl in Jammu and Kashmir's Kathua district, have been planned by various groups at Parliament Square here during Prime Minister Narendra Modi's visit to the United Kingdom this week.
The forthcoming visit of Prime Minister Modi's visit to the UK will focus on enhancing India-UK tech partnership.
The community event is scheduled to be held at the Stockholm University in the evening after which Prime Minister Modi will depart for London at around 8:30 p.m. (Sweden local time). Lofven said India and Sweden have agreed to work on a security agreement.
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.
On his return journey from Britain on April 20, he will stop in Germany to meet German Chancellor Angela Merkel.