Sweden launched the India-Sweden Green Transition Partnership (ISGTP) late November 2022 in Mumbai. The partnership is intended to promote exchange of carbon-neutral business practices and solutions, co-create localised innovations and share expertise and knowledge related to the green transition.
Under the partnership, six leading Swedish green thought leader companies – Absortech, Alfa Laval, Alleima, Hitachi Energy, KraftPowercon and SKF will work together with India’s leading business houses to enhance pace of green transition across hard to abate industrial sectors including cement, steel and automotive.
Swedish businesses have a significant footprint in India with the operational presence of around 250 companies that are generating over a million jobs directly and indirectly. Several dedicated MoUs spanning across Energy, Environment, Urban Development, amongst other areas of mutual interest have been signed between India and Sweden.
Over the years, Business Sweden along with the Embassy of Sweden, the Consulate General of Sweden and Swedish Energy Agency have established the Sustainability by Sweden ecosystem in India. The ecosystem functions as the overarching umbrella denoting Sweden’s commitment to drive green transition across sectors, which has created a hotbed of opportunities that are transforming entire industries, value chains, and production methods. The ecosystem is also supported by leading agencies in both countries including Vinnova and Stockholm Environment Institute, along with Confederation of Indian Industries.
A press note stated that an exchange of green technologies and expertise formed the basis of this platform while fostering innovation and co-creation and, enhancement of trade and economic collaborations between Indian and Swedish stakeholders.
The event, attended by top Swedish and Indian industry & government delegates, witnessed a host of interesting interactions via panel discussions and special addresses. Ms. Cecilia Oskarsson, Trade Commissioner of Sweden to India set the theme for the event, followed by a welcome address by Ms Anna Lekvall, Consul General of Sweden in Mumbai.
The panel discussion on Managing Green Transition in a Decarbonized Manner saw representatives from Swedish partner companies Alfa Laval, Alleima and SKF exchange experiences with India’s Aditya Birla Group, Tata Power, and Dalmia Cement. It highlighted the Swedish companies’ adoption of green sustainable practices and how these translate into gains for both the business and customers in the long run. Another discussion on Building a Carbon Neutral Future Through Sustainable Innovations saw an exchange of ideas on sustainable products and services with a low carbon footprint. Representatives from KraftPowercon, Hitachi Energy, Tata Ficosa, L&T Green Energy, and JSW Foundation were part of the discussion.
The ISGTP will leverage Sweden’s global collaboration theme “Pioneer the Possible”, which promotes co-creation of innovative sustainable solutions with India and will also synch with activities planned under LeadIT initiative. Another highlight of the partnership is the coming together of industry leaders and experts from India and Sweden for three technical workshops, two of which focussing on cement and iron & steel be hosted in Mumbai on 24th November 2022. The third workshop on automotive sector was held in Pune in December 2022.
The day was also marked with 10-year celebrations of another joint initiative between both countries – India-Sweden Innovations Accelerator (ISIA) program. The Swedish Energy Agency, Business Sweden and CII-Godrej GBC are joint partners in this program which focusses on promoting green energy and energy efficiency collaborations between the two countries. In the last decade, the program has facilitated entry of 60 Swedish SMEs into India which has in turn established 200 projects and has positively impacted eight sustainability goals for the country. To showcase innovative Swedish cleantech companies in an Indian smart city context, a dedicated showroom has been set-up at Business Sweden’s office in New Delhi.