PM Modi introduced a brand new India-Sweden Science & Technology Centre in Gothenburg. He known as for deeper inexperienced industrial collaboration, whereas Swedish PM Kristersson highlighted ambitions to double bilateral commerce and funding inside 5 years.
Prime Minister Narendra Modi on Sunday (native time) introduced the institution of an India-Sweden Science and Technology Centre and known as for deeper collaboration in inexperienced industrial transformation, as India and Sweden expanded cooperation in innovation, sustainability and clear expertise throughout the European Round Table for Industry in Gothenburg.
Speaking on the CEO Round Table in Gothenburg, PM Modi stated, “To enhance connectivity between the startup and research ecosystems of both countries, we are establishing an India-Sweden Science and Technology Centre.”
Highlighting local weather cooperation between the 2 international locations, the Prime Minister stated, “The Leadership Group for Industry Transition is our shared global initiative, under which we are emphasising low-carbon industrial transformation. Today, we have decided to embark on its third phase.”
Green Innovation and Investment
He additional underlined India’s ongoing work in inexperienced sectors and the scope for joint innovation with Sweden. “In India, work is being undertaken on a massive scale in the fields of Green Hydrogen, Circular Economy, and Sustainable Infrastructure. By combining Sweden’s technology with India’s scale, we can develop climate solutions for the entire world,” PM Modi stated.
Meanwhile, PM Modi additionally met Robert Maersk Uggla, Chairman of Maersk, on the sidelines of the go to and mentioned funding alternatives in India. In a put up on X, PM Modi stated, “In Gothenburg, met Robert Maersk Uggla, Chairman of Maersk. We discussed the large scope of opportunities in India and deepening investments, especially in sectors like port infrastructure, logistics and more.” https://x.com/narendramodi/standing/2056041437381476849
Swedish PM Hails ‘Milestone’ Visit
Meanwhile, Swedish Prime Minister Ulf Kristersson stated that Prime Minister Narendra Modi’s go to to Sweden marks one other milestone in India-Sweden relations, whereas emphasising the shared ambition to considerably deepen financial and strategic cooperation between India and Europe.
Addressing the European CEO Round Table hosted by Volvo Group, Kristersson stated the European Union, Sweden and India recognise the immense potential of stronger partnerships at a time when the world stays more and more advanced and unpredictable. Highlighting rising financial cooperation, Kristersson stated each international locations share the ambition of doubling bilateral commerce and funding inside the subsequent 5 years. “The European Union, Sweden and India all recognise the immense potential that lies in deepening our partnership, not least when the world is as complicated and unpredictable as it obviously is today. PM Modi, your visit marks another milestone in the history of India-Sweden relations… We have a joint ambition to double our bilateral trade and investments within five years. With the current speed, I actually believe it could become a reality even sooner,” the Swedish PM stated.
EU Chief on Landmark Trade Agreement
Meanwhile, European Commission President Ursula von der Leyen, who additionally addressed the CEO Round Table, stated the India-EU summit held earlier this yr in New Delhi marked a turning level in bilateral ties. She added that either side are dedicated to signing and operationalising the settlement at document pace by the top of the yr.
“It has only been a few months since you (PM Modi) hosted me in New Delhi for our ground-breaking EU-India summit. We succeeded indeed in concluding our landmark trade agreement – we call it the mother of all deals… we are committed to signing the agreement by the end of the year and making it fully operational at record speed,” stated von der Leyen.
Von der Leyen additional welcomed Sweden’s dedication to doubling financial exchanges with India over the subsequent 5 years and expressed hope that different European nations would observe Sweden’s instance in strengthening ties with India. (ANI)
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