Statement by PM Modi during Joint Press Meet with Swedish PM

Published By : Admin | April 17, 2018 | 16:50 IST
In India's Make in India mission, Sweden has been a strong partner since its inception: PM
Innovation, Investment, Start-ups, Manufacturing etc. are our main dimensions of partnership (with Sweden): PM Modi
Sweden has been India's partner for a long time in the defense sector: PM Modi
We have decided to strengthen our security cooperation, especially cyber security cooperation (with Sweden): PM Modi

Your Excellency, Prime Minister Stefan Lofven,

Friends from Media!

This is my first visit to Sweden.The Prime Minister of India is visiting Sweden after a gap of nearly three decades.I express my heartfelt gratitude to Prime Minister Lofven and the Swedish government for our warm reception and honor in Sweden.During this visit, Prime Minister Lofven has organized India's Summit along with other Nordic countries. I also express my heartfelt gratitude for this.

In India's Make in India mission, Sweden has been a strong partner since its inception. In 2016, in the Make in India program in Mumbai, Prime Minister Lofven himself participated with a very big Business Delegation.The most prominent program of Make in India outside India was also held in Sweden in October last year. It is a matter of great happiness and pride for us that Prime Minister Mr. Lofven himself participated in it.I believe that the most prominent theme in our conversation today was how Sweden can do a win-win partnership with India under the opportunities created by India's development.As a result, today we have agreed on an Innovation Partnership and Joint Action Plan.

Innovation, Investment, Start-ups, Manufacturing etc. are our main dimensions of partnership.With them, we are also focusing on many topics like renewable energy, urban transport, waste management, which are the topics related to the quality of life of the people of India.On topics related to trade and investment today, Prime Minister Lofven and I will also discuss with Sweden's leading CEOs.

Another key pillar of our bilateral relations is our defense and security cooperation.Sweden has been India's partner for a long time in the defense sector. And I believe that in the future, in this area, especially in defense production, many new opportunities will be created for our cooperation.

We have decided to strengthen our security cooperation, especially cyber security cooperation.We agree on one thing, it is that the importance of our relations are also at the regional and global stage.We have very close cooperation on the international stage, and will continue even further.

Today we have exchanged views in detail about the developments taking place in Europe and Asia.

In the end, I would once again like to thank Prime Minister Lofvenfrom my heart.

Thank you very much.

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PM Modi interacts with Energy Sector CEOs
January 28, 2026
CEOs express strong confidence in India’s growth trajectory
CEOs express keen interest in expanding their business presence in India
PM says India will play decisive role in the global energy demand-supply balance
PM highlights investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government
PM calls for innovation, collaboration, and deeper partnerships, across the entire energy value chain

Prime Minister Shri Narendra Modi interacted with CEOs of the global energy sector as part of the ongoing India Energy Week (IEW) 2026, at his residence at Lok Kalyan Marg earlier today.

During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed their keen interest in expanding and deepening their business presence in India, citing policy stability, reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for industry-government alignment. He emphasized that direct feedback from global industry leaders helps refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He highlighted an investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the broader energy value chain, including gas-based economy, refinery–petrochemical integration, and maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.