During Prime Minister Narendra Modi’s visit to Stockholm last week, the first in 30 years, in addition to bilateral meetings with the prime ministers of Denmark, Finland, Iceland, Norway, and Sweden (the Nordic states), India and Sweden also co-hosted the first ever India-Nordic Summit. The summit, which explored areas for practical cooperation and strategic convergence between both sides, represents a fundamentally new approach toward the relationship.
Discussions during the summit focused on boosting trade, investment, and expanding mutually beneficial collaboration in areas where Nordic strengths match with India’s developmental needs. India and the Nordic states underlined the importance of the rules-based multilateral trading system that enables free international trade and inclusive growth. Both sides also identified the opportunities thrown up by the Nordic model of innovation and their expertise in areas such as clean technologies and environmental conservation, maritime infrastructure and development, military technology and engineering products, agriculture and food processing, health and biotechnology, etc.