This apart, Modi and Lofven will attend a round table of Swedish CEOs.
Later, the Prime Minister met the Indian diaspora outside a hotel in Sweden.
Cash shortage: Govt might take 3 days to restore cash
Government has formed state-wise committee and RBI also formed committee to transfer currency from one state to other. SBI Chairman Rajnish Kumar said, "To say that there is shortage of currency is not a right statement to make".
Ahead of his visit, Modi said in New Delhi that he was looking forward to deepening bilateral engagement with both countries in a number of areas including trade, investment and clean energy. Sweden is the first stop of PM Modi's five-day three-nation tour.
Later in the day, the Prime Ministers of both the countries will sign bilateral agreements followed by a press conference at around 1:30 p.m. (Sweden local time).
From Sweden, Modi will later on Wednesday travel to the United Kingdom where he will also attend the CHOGM, besides holding bilateral talks with his British counterpart Theresa May.
On PM Modi's way back from the United Kingdom on April 20, he will be stopping over in Germany to meet with German Chancellor Angela Merkel.
Mr. Modi's hectic day of meetings began with his reception by His Majesty the King, with Crown Princess Victoria present, at 1p.m. IST, following which he joined a bilateral discussion with Mr. Löfven at Sager House, the official residence of the Prime Minister of Sweden.