A Memorandum of Understanding (MoU) has been signed yesterday i.e. 15.02.2016 between Ministry of Railways and the Ministry of Enterprise and Innovation of the Kingdom of Sweden on Technical Cooperation in Rail Sector. MoU was signed by Mr. Girish Pillai, Adviser / Infrastructure on behalf of Ministry of Railways and Mr. Oscar Stenstrom, State Secretary on behalf of Swedish government. Many cooperation areas are identified in the MoU. Main objectives of MoU is to develop cooperation activities in the Railway area to promote efficiency and sustainability and achieve concrete results with regard to bilateral trade, investment, research and technology transfer. MoU will remain in force for 5 years from the date of signing. It can be extended for a further period of 5 years with the written consent of both sides.