Indo-Sweden Bilateral Relations

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Search 2nd Dec, 2019 Spotlight here: http://www.newsonair.com/Main_Audio_Bulletins_Search.aspx

TOPIC: General Studies 2

India and Sweden have had a bilateral trade turnover of USD 3.37 billion in 2018 and cumulative investments of about USD 2.5 billion since 2000.

Bilateral relations between India and Sweden are friendly and based on principles of democracy and transparency, right to freedom, and rule of law. Regular interactions in political, business, scientific and academic spheres have provided dynamism to the bilateral ties of the two countries.

Historically,

India and Sweden have always had an atypical diplomatic relationship even though both sides have established sound business and investment ties that go back to the early 1920s.

Market: India has always been a market of immense opportunities for Sweden, with Stockholm selling everything from table mats to warplanes here. At a time when Indian consumers were beginning to learn the concepts of single-brand and multi-brand retail, and that too affordable at that, it was Sweden that entered the country with Ikea and H&M. Ikea had first announced its plans to foray into India in 2008 but opened its first store, after a decade-long wait, at Hyderabad in 2018. H&M entered the country in 2015.

Defence ties between India and Sweden also go back several years. The turning point, however, was in 1986 when India, then under former Prime Minister Rajiv Gandhi, signed an agreement with Swedish defence major Bofors to procure 155-mm Howitzer field guns. This eventually turned into a huge political controversy post which defence cooperation between India and Sweden took a backseat for a long time. In 2016, when the Modi government conducted the much-talked-about ‘surgical strikes’ on Pakistan, Indian para commandos were believed to have used the Carl Gustav-84 mm rocket launchers, made by the Swedish weapons firm Saab, to hit the terror launchpads.

Present…

The two sides inked three pacts providing for cooperation in polar science, innovation and research and in maritime spheres –

a) India-Sweden High-Level Dialogue on innovation policy: Focus on areas such as digital health, artificial intelligence (AI), future mobility and circular economy.

b) Launched the Agri-Waste to High Energy Biocoal pilot project:

c) ‘Smart cities and clean technologies’ and ‘Digitisation and Internet of Things’

Sweden’s Expectations:

Note:

  1. A. Modi had visited Sweden in April 2018 to take part in the first-ever India-Nordic Summit;  he was the first Indian PM to do so in 30 years. The last PM to visit the country was Rajiv Gandhi in 1988.
  2. Swedish Monarchy:

Connecting the Dots:

  1. Compare and contrast the history of socialism in Sweden with that of Venezuela.

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