HM The King's speech at high level dialogue on innovation during the state visit to India

Thank you very much for the warm welcome. And, more importantly: Thank you for hosting this high-level dialogue here in Delhi.

I believe that this is the start of something fruitful and beneficial for both of our countries. And I am therefore very pleased to be able to participate today.

For centuries, innovation has played a crucial role in Sweden’s economic growth and development. And it still does today: according to global rankings, Sweden is one of the most innovative countries of the world.

Meanwhile, India is an entrepreneurial hotbed, also with an enormous potential for innovation.

Speaking of innovation, let me also point out that Sweden is lucky to have around 50 000 Indians living in our country. They have come to work, study or conduct research – for example in leading universities such as the Royal Institute of Technology and the Karolinska Institute. And also in many Swedish tech companies. Your countrymen are a valuable asset to our society, and we are proud that they have chosen Sweden as their home.

Right now, both Sweden and India are investing in research and innovation ecosystems. It is gratifying to see such a strong focus on the future.

We need to make the most of the opportunities ahead. There is much to gain from doing this together, and in India we see not only a friend, but also a strong innovation partner.

The signing of the Joint Innovation Partnership last year marks a big step forward. The partnership promotes new knowledge, innovative solutions, new products and stronger competitiveness. It represents a unique opportunity to tackle global challenges, enable sustainable growth and create new jobs in our countries.

India and Sweden already have ongoing research cooperation in many fields. Today’s high-level policy dialogue marks yet another step in the deepening cooperation between our countries.

I am confident that today’s dialogue and the continued cooperation within this partnership will create great value – not only for our citizens today, but also for coming generations.

I wish you the best of success in this important work.

Thank you.