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India, Sweden join hands for green transition
India | Sweden
Image credit: UNI

India, Sweden join hands for green transition

| @indiablooms | 18 Oct 2022, 07:34 pm

New Delhi/UNI: Strengthening mutual commitment to drive prosperity and address global challenges like climate change, India and Sweden have joined hands to accelerate the green transition via innovation through the India Sweden Innovation Partnership.

The partnership builds upon the joint statement between the Prime Ministers of India and Sweden issued in Mumbai in 2016, the Joint Action Plan agreed in Stockholm in 2018 and the India-Sweden Virtual Summit on the 5th of March 2021, an official statement said on Tuesday.

The strategic partnership will be further accelerated with a focus on green transition on the 9th India Sweden Innovation Day on Oct 27, the statement said.

The collaboration is established on the principles of co-funding, co-development, co-creation towards mutual benefits, and making full use of complementary strengths, the statement added.

Robin Sukhia, President of the Sweden-India Business Council (SIBC) said, "India and Sweden jointly unveiled the Leadership Group for Industry Transition (LeadIT) in 2019 and share the common objective of ensuring sustainable industrial development and addressing climate change.

"The India Sweden Innovation day is the next step forward in this direction to bolster government and industry cooperation between the two nations to harness emerging opportunities and foster technological innovation."

Tanmaya Lal, Ambassador of India to Sweden and Latvia, said, "Accelerating an inclusive green transition is the key to our collective sustainable future.

"Collaborations for innovative solutions for meeting global challenges through climate action, inclusive development and public health by co-developing clean technologies, smart grids, circular economy and healthcare are at the heart of India Sweden Innovation partnership."

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