India and Sweden have inked a “Security Protection Agreement”

Enables a “win and win” condition that will enable the two

countries to share classified information with each other

• India and Sweden signed a security safety arrangement that will enable the two international locations to share categorized information and facts with just about every other. The arrangement was signed for the duration of the check out of the Indian Defense Minister Nirmala Sitharaman to Sweden.
• With the aim to build a win-win partnership with Sweden making use of the opportunities offered by India’s development programs, the two countries signed a security protection agreement that will enable the two countries to share classified information with each other.
•  The projects mostly eyeing projects worth billions of dollars under the “Make in India” initiative. Swedish defense firm Saab is pursuing opportunities to build fighter jets and next-generation submarines in the country under the government‟s strategic partnership model that seeks to provide impetus to the „Make in India‟ program.

India and Sweden ties

•  Since 2009, Sweden and India have had a memorandum of understanding on cooperation in the area of defense.
•  Both the countries have conducted a number of bilateral meetings since 2009 MoU.
• In April – 2018, Prime Minister Narendra Modi also visited Sweden and both countries signed MoU for Social Security Protection Agreement.
•  Most recently in December 2018 in New Delhi, both the countries signed agreement on Renewable Energy pact.
•  The recent agreement on “Security Protection” is the 3rd important strategic pact between these countries within the recent decade. 

Important Highlights of the Agreement

• Sweden has equivalent agreements with over 30 nations close to the entire world, as effectively as with the EU and NATO.
•  The arrangement will control how delicate data is to be dealt with, processed and shielded.
• The pact will supply a framework for increased cooperation on the large end and chopping edge know-how and production.
• Indian has proposed dialogue to help a higher understanding of the prosperous model of collaboration amongst authorities, marketplace and academia in making technologically progress ecosystem.

How the agreement benefits India and Sweden

• Most of the projects are focused on worth billions of dollars under the “Make in India” initiatives.
• Swedish defense firm Saab is pursuing opportunities to build fighter jets and nextgeneration submarines in the country under the government‟s strategic partnership (SP) model that seeks to provide impetus to the „Make in India‟ program.
•  Saab India Technologies plans to build 114 fighter planes and six next-generation submarines locally.
• The strategic partnership (SP) model envisages local manufacturing of major defense platforms by an Indian strategic partner who will collaborate with a foreign original equipment manufacturer (OEM) to set up production facilities in the country. 
•  The strategic partnership covers submarines, fighter planes, helicopters and armored vehicles

International