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India, Sweden join hands for a sustainable future through innovation & More Trending News

New Delhi, Oct 28 (ENews) The ninth annual India Sweden Innovation Day 2022 concluded efficiently on October 27. The day-long occasion was organised in affiliation with the Embassy of India to Sweden & Latvia, Sweden-India Business Council (SIBC), and Confederation of Indian Industry (CII).

The occasion was a large success with over 1,000 individuals from throughout the globe. About 350 esteemed delegates attended the Innovation Day 2022 in particular person whereas greater than 700 marked their presence on-line.

The predominant spotlight of the occasion was the implementation of the partnership, rules of co-funding, co-development, co-creation in direction of mutual advantages, and making full use of complementary strengths.

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The ninth India Sweden Innovation Day additionally encompassed complete periods with related stakeholders in domains similar to sustainable city growth and protected transportation, life science, vitality, surroundings, well being, and science and expertise.

Since business 4.0 is on the forefront of driving sustainable industrial development throughout the globe, the occasion laid appreciable emphasis on exploring its potential within the growth and adoption of sensible applied sciences for enhanced effectivity and socio-environmental sustainability.

The keynote audio system throughout the inauguration included Tanmaya Lal, India’s Ambassador to Sweden; Martin Lundstedt CEO, Volvo Group; Jitendra Singh, Indian Minister for Science and Technology; Peter Carlsson Founder and CEO, Northvolt; Anna Kinberg Batra Chairman, Swedish Space Corporation & Senior Executive Advisor, Sweden-India Business Council and Jan Thesleff, Ambassador of Sweden to India.

Speaking on the event the brand new Deputy Prime Minister of Sweden and Minister for Energy, Business and Industry, Ebba Busch, mentioned: “It’s an honour to inaugurate the 9th India & Sweden innovation day & as a minister for energy business & Industry. I will look forward to future discussions on how to deepen the collaboration between our countries. The relationship between India & Sweden is stronger than ever and innovation partnership has really become a cornerstone of our bilateral collaboration. This collaboration aims to solve bigger challenges in areas such as green transition, clean energy, health & transportation.”

“India is rapidly becoming an innovation powerhouse climbing from rank 81 to 40 global innovation index in just a few years. Also, Swedish companies have been operating in India for many decades employing over 200 thousand people directly and 2.2 million indirectly. Swedish companies continue to invest and partner with the Indian research and innovation ecosystem,” added Busch.

Commenting on strengthening the ties between the 2 nations, Tanmaya Lal, Ambassador of India to Sweden and Latvia mentioned, “Innovation is the key for not only growth and sustainability but also to manage global challenges such as pandemics to climate change. Sweden is the leader of innovation and sustainability and India too is climbing rapidly in the global innovation ratings. India is the reservoir of engineering, Research and development and entrepreneurial talent. The scale and speed of innovative technological solutions for sustainable development that are now coming out of India offers huge possibilities of collaborations. In this context this annual day series brought together the researchers, businesses and investors and government agencies. We thank all the participants for joining this discussion and accelerating an inclusive green transition for our collective sustainable future.”

The India Sweden affiliation won’t solely assist analyse and develop expertise and options that sustainably affect humanity within the biggest means, however will even handle well being, and protected transport to safety and higher high quality of life through acceleration, innovation, and options between the nations with the ability of expertise.

Jitendra Singh, Minister for Science and Technology, mentioned: “The continuation of this event for the last 8 years itself reflects an effective partnership between India and Sweden. Both the governments and industries in the two nations are developing a technology-oriented ecosystem for a win-win situation.

“I’m delighted that innovation cooperation is the quickest rising component on the earth at this time together with bi-lateral relationship between India and Sweden. In 2018, Indian Prime Minister Shri Narendra Modi visited Sweden to deepen the collaboration through joint declaration on innovation partnership for a sustainable future. This partnership goals to extend the affect of bilateral collaboration in innovation science and expertise.

“The partnership highlights several areas including smart cities, transportation e-mobility energy, green technology, new materials, space, circular economy, bio-waste economy, health and life sciences. India Sweden innovation partnership bridges institutions, R&D industry and also creates entrepreneurs to address global challenges in line with the UN sustainable development goals,” he additional added.

Speaking on decreasing down the carbon footprints, Hakan Kingstedt Chairman, Sweden-India Business Council said: “Accelerating green transitioning and driving innovation partnership to the next level is the most important agenda of this association. We are here today to tie one more knot, taking the friendship of India and Sweden ahead. Furthermore, Sweden is a leader in innovation in Europe. We are in a transition mode to lower the carbon footprints and it is quite interesting to see that our industries are redeveloping all over Sweden. From green steel technology, hydrogen storage, electric battery systems to electric buses, cars and new traffic systems, Sweden is an exciting place to be in right now. At last, I would like to take an opportunity to wish both the countries in this association.”

Commenting on the profitable completion of the ninth version of the Innovation Day, 2022, Jan Thesleff, Sweden Ambassador to India mentioned: “The vast and powerful political administrations, agencies, corporate sector, and academic sector in the event today were excellent examples of the Swedish Indian collaboration. We are moving towards a relationship that will be driven by both parties. We assessed our accomplishments, and now, with assistance from Indian organisations and the Indian government, we are examining the possibilities of the built-up areas for future collaboration. Our objective places a strong emphasis on innovation and sustainability. This event’s goal is to create projections on how we can connect these alliances and facilitate cooperation between Indian partners and Swedish investors.

Pressing on the importance on sustainable solutions, Martin Lundstedt, CEO, Volvo Group stated: “With innovation in transportation being a long-term objective of each Sweden and India, we’re shifting within the path of being significantly extra sustainable. It is a crucial consider prosperity. Infrastructure, transportation, and logistics are important to the plan’s efficient execution.

“We are aware that a developing society’s GDP, per capita, and economic growth are closely related to these factors. Our goal is to provide long-term solutions to development problems, such as more efficient transportation and infrastructure logistics. The two nations also agreed to fund the joint innovation projects within AI, Health, Clean Tech, Smart Cities and Safe Mobility,” added Lundstedt.

Commenting on the strengthening ties between India and Sweden, Robin Sukhia, President, Sweden-India Business Council SIBC mentioned: “India Sweden Innovation Day 2022 is a testament to the commitment of both the nations to promote sustainable industrial development and green transition via technological excellence. With the world grappling with climate change today, it is imperative for governments and industry to strategically collaborate and foster innovation and technology adoption to ensure green economic development. The India Sweden Innovation Day serves as the stepping stone in this direction to strengthen government and industry collaboration for green transition.”

Elaborating extra on the significance of inexperienced transition and the significance of strategic occasions like India Sweden Innovation Day, Ludvig Lindstrom, Head of Innovation Accelerator, mentioned: “The India Sweden innovation accelerator has been in existence for 10 years reflecting our commitment to sustainability and green transition. This is constantly being strengthened through the flow of new companies, industries and academic partners joining our initiative. We at Sweden Business center are working constantly with organisations like CII to deliver high impact value to reflect our commitment towards green transition and sustainable economic development.”

Commenting on the collaboration of Index, Per-Olof Marklund, CTO, SAAB, Business Area Aeronautics mentioned: “The defence industry has been a bit conservative, but the technology which is needed today in a fighter jet is more available in the open market within the defence industry. Collaborating with a start-up and finding ideas that may be used in the defence industry and applying them in our industry is the key to be successful in the future. Index in itself is about cooperating with three other companies that are vastly different from our industry. We have a logistics industry, an agricultural company, and a defence company.

“We do not have that a lot in widespread on paper however if you happen to have a look at the concept that are available then we have now a lot in widespread and we all the time get new concepts from one another and enhance one another on this course of,” added Per-Olof Marklund.

The one-day event acknowledged the importance of the various facets of climate change, and both countries laid out specific actions to quicken the transition to a greener economy by putting cutting-edge digital technology and artificial intelligence to use.

Furthermore, both countries had extensive discussions and used technology to develop climate-friendly solutions. The summit also concentrated on fostering rapid economic expansion and addressing the pandemic’s residual consequences.

This year the summit provided an opportunity to discuss the international situation and response to the challenges towards sustainability as well as regional and global issues of mutual importance including climate action, technological development and economic growth.

The event also addressed the need of rigorous work towards the UN sustainable development goals with innovation, radically improved technology, business models and work practices to bring the transformative change.

Sanjoo Malhotra, Chief Executive Director of India Unlimited, provided additional information about the 9th India Sweden Day Innovation Day 2022, stating: “The ninth Innovation Day introduced collectively the distinguished business leaders from totally different verticals to attach and co-create concepts and options on driving inexperienced transition through digital transformation, green-oriented applied sciences, supportive authorities insurance policies, and intensive research on advantages of a sustainable and inexperienced future for the business”.

The event was themed ”Accelerating India Sweden’s Green Transition”, under which both the countries discussed the prospects of accelerating green transition via innovation and by harnessing the power of climate-positive technology, next-generation digitalization. India Sweden Innovation Day 2022 was hosted by India Unlimited.

–ENews

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