On 17th April 2018, India and Sweden signed a joint innovation partnership to deepen the collaboration between the two countries and contribute to sustainable growth and new job opportunities. The partnership was signed during the visit of Prime Minister of India Narendra Modi to Sweden.
It was agreed in the Joint Declaration on India-Sweden Innovation Partnership for a Sustainable Future, that both countries will explore optimizing the formal bilateral collaboration mechanisms, increase synergies between policy areas and enable exchange of experiences and best practice regarding innovation policies for the creation of vibrant joint innovation ecosystems.
The India-Sweden High-Level Dialogue on Innovation Policy aims to create a platform with key stakeholders in a triple helix format from government, private sector and academia to provide overall strategic direction for joint innovation policy.
The dialogue will aim to jointly formulate and implement short- and long-term projects in strategic areas such as, but not limited to, circular economy, digital health, artificial intelligence, sustainable energy, and future mobility.
The dialogue was inaugurated in New Delhi on Monday by PM Narendra Modi and His Majesty King Carl XVI Gustaf, the King of Sweden.