India and Sweden on Monday announced the launch of a pilot project to convert paddy stubble into green coal in Mohali, Punjab, as Prime Minister Narendra Modi and visiting Swedish King Carl XVI Gustaf inaugurated a bilateral high-level policy dialogue on innovation policy. The dialogue created a platform for key stakeholders from the government, private sector and academia to provide strategic direction for joint innovation policy formulation. The dialogue jointly formulated and implemented short- and long-term projects in strategic areas such as, but not limited to, circular economy, digital health, artificial intelligence, sustainable energy and future mobility, a statement said. The dialogue brought together government officials, prominent industrialists as well as renowned academicians from both Sweden and India. Sweden's Minister for Business, Industry and Innovation Ibrahim Baylan, and Harsh Vardhan, Union Minister for Science and Technology, Earth Sciences, Health and Family Welfare, were also present for the dialogue.