- India and Sweden agreed upon a joint action plan (JAP) for both countries to take forward a wide range of initiatives.
- About joint action plan (JAP):
- JAP covers areas including defence, trade and investment, counterterrorism, renewable energy, smart cities, women’s skill development, space and science and healthcare.
- Characterising the JAP as a “win-win partnership” for India and Sweden, Mr. Modi underscored the critical role of the defence sector and security initiatives as a pillar of the bilateral relationship.
- Defence sector:
- Sweden has been partner of India in the defence sector for a long time.
- The bilateral summit here was additionally significant for the opportunity it afforded both sides to discuss Sweden’s interest in proposing the Saab Group’s Gripen-E single-engine jet fighter for the Indian Air Force.
- On counter-terrorism:
- India and Sweden emphasised that the global counterterrorism legal framework should be regularly updated to address the changing threat of terrorism with strength.
- Innovation was front and centre in the bilateral summit and the outcome being a joint declaration on a Sweden-India Innovation Partnership for a Sustainable Future.
- Sweden announced that the Swedish government will kick start our Innovation Partnership by providing up to 50 million Swedish kronor (over $59 million) for innovation cooperation in the field of smart cities and sustainability.
- Economic and commercial cooperation:
- Sweden is a big market for Indian IT engineers.
- Total trade target of US$ 5 billion by 2018.