With objectives to deepen the bilateral relations, Prime Minister Narendra Modi will visit Sweden and United Kingdom from April 16-20.
Besides, the prime minister will also attend the India-Nordic Summit and Commonwealth Heads of Government Meeting (CHOGM) in Sweden and United Kingdom, respectively, the Ministry of External Affairs said.
During his visit to Sweden, he will address a gathering of select business leaders and also meet the vibrant Indian community. New Delhi and Stockholm share friendly bilateral ties and common views on major global issues.
Sweden is India’s valued partner in trade, technology and investment. Over 170 Swedish companies have invested 1.4 billion dollars since 2000. Around 70 Indian companies have invested in Sweden.
India-Sweden annual bilateral trade stands at around 1.8 billion dollars. On April 17, both the nations will co-host the India-Nordic Summit in the capital city. Apart from India, all the Nordic countries- Denmark, Finland, Iceland, Norway and Sweden will participate in the event.
India’s trade with the Nordic countries totalled around 5.3 billion dollars in 2016-17 with Cumulative Foreign Direct Investment (FDI) to India at 2.5 billion dollars. On the sidelines of the India-Nordic Summit, Mr Modi will also have separate bilateral meetings with Prime Ministers of Denmark, Finland, Iceland and Norway.
After Sweden, the prime minister will embark on to the United Kingdom from April 17 for a bilateral visit and CHOGM. The visit would focus on enhancing India-UK tech partnership. The visit will see a number of deliverables in the area of skill development, healthcare, cyber security, innovation, traditional medicine, and education.
The India-UK CEOs Forum will also take place during this visit. UK will formally convey their readiness to join the International Solar Alliance. New Delhi and London share a modern partnership bound by strong historical ties.
The merchandise trade between the two countries in 2017 reached 13 billion dollars and trade in services is around 7.2 billion dollars. UK is the 4th largest inward investor in India with a cumulative equity investment of 25.31 billion dollars, accounting for around seven per cent of all foreign direct investment into India.
On April 19, Mr Modi will attend the Commonwealth Heads of Government Meeting (CHOGM) in London. The Commonwealth is a multilateral organization known for its focus on the development issues that confront Small States and Small Island Developing States (SIDS), many of whom have deep historical and bilateral ties with India.