India and Sweden seal strategic partnership deal
Economy

India and Sweden seal strategic partnership deal

India and Sweden have elevated their bilateral relations to a strategic partnership following high-level talks between Prime Minister Narendra Modi and Swedish Prime Minister Ulf Kristersson in Gothenburg. The agreement marks a significant step in strengthening cooperation across trade, technology, defence, climate action, innovation, and green transition initiatives. Both countries also endorsed a joint action plan for 2026–2030 aimed at deepening collaboration in emerging sectors and boosting economic engagement.

The two leaders discussed ways to enhance cooperation in renewable energy, advanced manufacturing, semiconductors, cybersecurity, telecommunications, and critical minerals. Swedish companies were encouraged to expand investments in India under initiatives such as Make in India and the National Green Hydrogen Mission. Officials noted that bilateral trade between the two countries reached nearly USD 7.75 billion in 2025, reflecting growing economic ties.

India and Sweden have also increased collaboration in defence and digital innovation through several joint working groups and technology partnerships. The upgraded strategic partnership is expected to strengthen cooperation in sustainable development and innovation-driven industries while reinforcing shared democratic values and long-term geopolitical coordination.