India and Sweden partner for green transition

As a commitment towards building a green future, the India-Sweden Green Transition Partnership (ISGTP) is geared for the launch in Mumbai on November 23, 2022 with participation from Indian and Swedish stakeholders. This partnership will enable six Swedish companies that include Absortech, Alfa Laval, Alleima, Hitachi Energy, KraftPowercon and SKF to join forces with India’s leading corporates across cement, iron, steel and automotive sectors with the objective of contributing to their green journeys.

To support the exchange of research and development, knowledge sharing and capacity building between India and Sweden, several dedicated Memorandum of Understandings (MoUs) spanning across energy, environment, urban development, amongst other areas of mutual interest have been signed.  Sustainability, green transition and innovation serve as key focus areas of the ongoing trade and economic relations between India and Sweden. As joint leaders of the industry transition group, both countries have been dedicatedly committed to drive the heavy industry towards carbon neutrality. 

In order to facilitate these joint ambitions and commitments, Business Sweden in India along with the Embassy of Sweden, the Consulate General of Sweden and Swedish agencies consisting of Swedish Energy Agency, Vinnova and Stockholm Environment Institute have established the Sustainability by Sweden ecosystem in India. An exchange of green technologies and expertise forms the basis of this platform while fostering innovation and co-creation and enhancement of trade and economic collaborations between Indian and Swedish stakeholders.