India, Sweden collaborate for sustainable future via innovation projects

webnexttech | India, Sweden collaborate for sustainable future via innovation projects

The 9th annual India Sweden Innovation Day 2022 concluded successfully on October 27 The day long event was organised in association with the Embassy of India to Sweden Latvia Sweden India Business Council SIBC and Confederation of Indian Industry CIIThe event was a massive success with over 1000 participants from across the globe About 350 esteemed delegates attended the Innovation Day 2022 in person while more than 700 marked their presence onlineThe main highlight of the event was the implementation of the partnership principles of co funding co development co creation towards mutual benefits and making full use of complementary strengthsThe 9th India Sweden Innovation Day also encompassed comprehensive sessions with relevant stakeholders in domains such as sustainable urban development and safe transportation life science energy environment health and science and technologySince industry 40 is at the forefront of driving sustainable industrial growth across the globe the event laid considerable emphasis on exploring its potential in the development and adoption of smart technologies for enhanced efficiency and socio environmental sustainabilityThe keynote speakers during the inauguration included Tanmaya Lal India39s 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 IndiaSpeaking on the occasion the new Deputy Prime Minister of Sweden and Minister for Energy Business and Industry Ebba Busch said quotIt39s 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 transportationquotquotIndia 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 22 million indirectly Swedish companies continue to invest and partner with the Indian research and innovation ecosystemquot added BuschCommenting on strengthening the ties between the two nations Tanmaya Lal Ambassador of India to Sweden and Latvia said quotInnovation 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 futurequotThe India Sweden association will not only help analyse and develop technology and solutions that sustainably impact humanity in the greatest way but will also address health and safe transport to security and better quality of life through acceleration innovation and solutions between the countries with the power of technologyJitendra Singh Minister for Science and Technology said quotThe 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 situationquotI am delighted that innovation cooperation is the fastest growing element in the world today along 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 aims to increase the impact of bilateral collaboration in innovation science and technologyquotThe 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 RD industry and also creates entrepreneurs to address global challenges in line with the UN sustainable development goalsquot he further addedSpeaking on lowering down the carbon footprints Hakan Kingstedt Chairman Sweden India Business Council stated quotAccelerating 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 associationquotCommenting on the successful completion of the 9th edition of the Innovation Day 2022 Jan Thesleff Sweden Ambassador to India said quotThe 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 event39s goal is to create projections on how we can connect these alliances and facilitate cooperation between Indian partners and Swedish investorsPressing on the importance on sustainable solutions Martin Lundstedt CEO Volvo Group stated quotWith innovation in transportation being a long term goal of both Sweden and India we are moving in the direction of being considerably more sustainable It is an important factor in prosperity Infrastructure transportation and logistics are essential to the plan39s effective executionquotWe are aware that a developing society39s 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 Mobilityquot added LundstedtCommenting on the strengthening ties between India and Sweden Robin Sukhia President Sweden India Business Council SIBC said quotIndia 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 transitionquotElaborating more on the importance of green transition and the importance of strategic events like India Sweden Innovation Day Ludvig Lindstrom Head of Innovation Accelerator said quotThe 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 developmentquotCommenting on the collaboration of Index Per Olof Marklund CTO SAAB Business Area Aeronautics said quotThe 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 companyquotWe don39t have that much in common on paper but if you look at the idea that come in then we have a lot in common and we always get new ideas from each other and boost each other in this processquot added Per Olof MarklundThe 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 useFurthermore 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 pandemic39s residual consequencesThis 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 growthThe 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 changeSanjoo Malhotra Chief Executive Director of India Unlimited provided additional information about the 9th India Sweden Day Innovation Day 2022 stating quotThe 9th Innovation Day brought together the prominent industry leaders from different verticals to connect and co create ideas and solutions on driving green transition via digital transformation green oriented technologies supportive government policies and extensive studies on benefits of a sustainable and green future for the industryquotThe event was themed 3939Accelerating India Sweden39s Green Transition3939 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 IANSsanpghOnly the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto generated from a syndicated feed

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