The collaboration between Vinnova, Sweden’s Innovation Agency, and India’s Department of Science and Technology was the event’s main highlight. Indian Ambassador Tanmaya Lal and Vinnova CEO Darja Isakson were among the speakers at the event. Utilizing technological prowess, the two countries developed climate-friendly solutions. In the areas of artificial intelligence, health, clean technology, smart cities, and safe mobility they both agreed to fund joint innovation projects in these areas together.. “The climate financial journey will be expensive,” CII President TV Narendran said.
Indian-Swedish cooperation is centered on innovation and technological advancement. Start-ups in Sweden have access to a lot of global capital. The country’s capital, Delhi, played host to the eighth annual India-Sweden Innovation Day. The summit was an opportunity to discuss the international response to the Covid-19 pandemic and the situation on the ground. It also addressed important issues like climate change, sustainable development, and gender equality in the workplace.
Key Highlight:
- The eighth annual India-Sweden Innovation Day was held in Delhi, India.
- The summit was an opportunity to discuss the international response to the Covid-19 pandemic and the situation on the ground.
- It also addressed important issues like climate change, sustainable development, and gender equality in the workplace.
- The nations also agreed to fund joint innovation projects in artificial intelligence (AI), health, clean technology, smart cities, and safe mobility.
- The main event highlight was implementing the partnership between Vinnova, Sweden’s Innovation Agency, the Indian Department of Science and Technology, and the Department of Biotechnology.
- It was a huge success, with over 1,300 attendees from all over the world.
- The actors joined forces to support projects spanning the entire value chain of research and innovation.
- The event also laid out concrete steps to speed up the green transition process by implementing advanced digital technology and artificial intelligence.
- In addition, both countries came up with technologically-friendly solutions to climate-friendly problems.
- Also on the agenda were ways to support economic growth while combating the long-term consequences of the pandemic’S long- term consequences.
- The two countries acknowledged the importance of implementing advanced technology and climate change solutions.
- The conference was attended by the Indian Ambassador to Sweden Tanmaya Lal and the Swedish Enterprise and Innovation Minister Ibrahim Baylan.
- The Indian President of the CII, TV Narendran, said: “The climate financial journey will be expensive.”
India-Sweden Innovation Day 2021: It was a huge success, with over 1,300 attendees from all over the world.
The main event highlight was implementing the partnership between Vinnova, Sweden’s Innovation Agency, the Indian Department of Science and Technology, and the Department of Biotechnology.
A circular economy must consider health, social issues, and societal challenges, and stakeholders in both countries agreed to invite proposals that address these critical topics. At the seminar, key players for Indo-Swedish cooperation were also gathered and issued a new call to action. Interested parties from Sweden and India were invited to submit proposals for collaborative research and innovation projects. The actors joined forces to support projects spanning the entire value chain of research and innovation.
The Indian Ambassador to Sweden Tanmaya Lal was one of the keynote speakers at the inauguration, Vinnova Director-General Darja Isaksson, Indian Science and Technology Minister Jitendra Singh, and Swedish Enterprise and Innovation Minister Ibrahim Baylan. Other prominent speakers at the event referred to the upcoming Indo-Swedish call for proposals in the Circular Economy as a funding opportunity supporting the transformation to a sustainable future.
Formas, Forte, the Swedish Research Council, the Swedish Energy Agency, and Vinnova (Sweden’s Innovation Agency) represented Sweden in this project. Formas is a Swedish research council focused on sustainable development. There were two participating departments in India: Science and Technology (DST) and Biotechnology (DBT).
Insisting on the necessity of a circular economic system According to Vinnova’s Director-General, Darja I. Isaksson, “When our upcoming Indo-Swedish conference call opens in the new year, it will be centered around circular economy. For society to be sustainable, the circular economy must be implemented. It is necessary to re-use, recycle, and remanufacture materials and other resources over the long term. Thus, waste is reduced, and natural resources are not over-extracted. Because value chains span the globe, implementing a circular economy is a major undertaking. Value chains are being replaced by value cycles as we move away from linear to circular economies. A difficult process for the society that necessitates adjustments in nearly every sector. Sustainable development applications and projects that complement each other’s efforts to achieve a common goal will be given preference during the evaluation process.”
The nations also agreed to fund joint innovation projects in artificial intelligence (AI), health, clean technology, smart cities, and safe mobility. Funding will be awarded in the coming weeks to many forward-looking sustainable future projects.
When asked about the importance of strengthening bilateral ties, Tanmaya Lal, India’s ambassador to Sweden and Latvia, said, “Increasing the pace of the green transition, which includes all sectors of society, is essential for a sustainable future. the partnership between India and Sweden has its roots in collaborative research on clean technology, smart grids, and circular economies.”
As a result of this one-day virtual summit, both nations acknowledged the importance of various climate change aspects and laid out concrete steps to speed up the green transition process by implementing advanced digital technology and artificial intelligence. Furthermore, both countries held lengthy discussions and came up with technologically advanced climate-friendly solutions. Also on the agenda were ways to support strong economic growth while also combating the pandemic’s long-term consequences.
Chief Executive Officer of Volvo Group Martin Lundstedt stated: “We need a long-term strategy that is environmentally friendly, socially responsible, ethical, and financially feasible. To be clear, its applicability can be found all over the world. In addition, transportation, logistics, and infrastructure are critical to the plan’s success. We know that a developing society’s GDP, per capita, and economic growth are closely linked. On the other hand, our goal is to find long-term solutions to development problems, such as better transportation and infrastructure. The good news is that both India and Sweden have a common plan and focus on driving sustainable innovation.
“Volvo is a proud partner in the green transition, bringing clean-energy solutions to the world. We are in a good position, as we have the necessary resources, opportunities, and innovation power to make this move forward. A full value supply chain and the largest view of R&D, IT, and quality are all being integrated by Volvo. In this regard, we have already made significant progress with India and expect to do so in the future.”
Speaking about turning climate change goals into reality L&T Technology Services’ MD, Amit Chadha, stated, “We prefer a level playing field for citizens, the government, and businesses like Corp 26. Concrete government policies to create standard guidelines and more environmentally responsible citizens are needed to make climate ambition a reality.
“In terms of the industry, we’re doing everything we can to help the United Nations achieve its Sustainable Development Goals. It is possible to begin with good health and well-being, clean water and sanitization, affordable clean energy, and industry innovation infrastructure to provide long-term cities, responsible consumption, and climate action. These are all necessary first steps.
“For proof-of-concept testing, LTTS has built battery charging infrastructure in India and Illinois, as well as technology labs in both locations. With the help of a cutting-edge battery and cooling technology, we’ve developed a new hybrid car. Sensor labs have also been built to provide energy-saving alternatives. Energy management tools for plants and commercial buildings have been launched, and we’re working to create sustainable city models as well.”
TV Narendran, the CII’s president, stated: “The financial journey to combat climate change will be costly. Government, industry, and customers will all be on the hook for the costs if the transition is a success. Indian-Swedish cooperation is centered on innovation and technology, and it’s encouraging to see progress being made in this area. At this point, we’re concentrating on the ecosystem that can help us pay for it. Start-ups in Sweden are a great source of capital for the rest of the world.
“As the third-largest producer of unicorns in the world after China and the United States, it is our job to use this innovation to find solutions to the issues we face in scaling up the financial system. In terms of renewable energy storage solutions, there are some areas where we need to improve. So much money is needed to make the switch from coal-fired generation to renewables-fired generation seamless. We also need to expand the hydrogen green infrastructure currently in place and continue to build on it in the future. Thank goodness for start-ups because we’re hoping that they’ll make the transition as painless as possible.”
Schweden Business Developer, Swedish Energy Agency Ludwig Lindstorm said: “Policy development and implementation, advisory services, statistics, financial support, and research are among the most essential responsibilities that lie ahead of us in the coming years. We assist a large number of new businesses in their infancy. As a result of clean climate innovations, Sweden’s greenhouse gas emissions have been significantly reduced.
“Today, Sweden is responsible for a tenth of global carbon dioxide emissions. This has given us more confidence, and we now intend to implement a similar strategy in other markets, such as India. Business collaborations and exchanges between government agencies are at the heart of India’s partnership with Sweden.”
President and Secretary-General of the Sweden-India Business Council, Robin Sukhia, said: “Taking place in both countries, this year’s 8th India Sweden Innovation Day was a truly remarkable occasion. As a result, trust between the two countries is strengthened as well as built upon.
Indian and Swedish business leaders have formed the India-Sweden Leaders’ Roundtable (ISBLRT) to foster innovation and collaboration between the two countries. During the summit, participants had the chance to exchange views on various topics, including the international response to the Covid-19 pandemic and regional and global issues of common concern.
Hon'ble Minister @DrJitendraSingh delivered the inaugural address at 8th India-Sweden Innovation Day & said that the partnership between two countries will have far-reaching results in achieving goal of a #Fossil fuel-free #economy. @SwedenOSI_India @SwedeninIndia @FollowCII pic.twitter.com/aFFlzfD98T
— DSTIndia (@IndiaDST) November 2, 2021
Salil Seth, Startup India, interacted with Cecilia Oldne, Senior VP SIBC and Anna Gissler, CEO Invest Stockholm to highlight Startup India’s efforts towards strengthening the ecosystem on India Sweden Innovation Day 2021 pic.twitter.com/lx6GKxrs8U
— Startup India (@startupindia) October 27, 2021
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