Sweden inks MoUs with Indian companies
Swedish government opens its first of its kind ‘Sustainability by Sweden Showroom India' to bring in Swedish Cleantech energy technology
Sweden - India signed two MoUs in the renewable Energy sector to enhance the Technology and bring in energy efficiency in India. The first MoU was between Swedish solar pump manufactured Spowdi and Bangalore based EMVEE for setting up local manufacturing / assembly in Bangalore. The second was between Swedish Earth Fault Protection System provider Swedish Neutral and India's leading distribution company Tata Power DDL for setting up pilot for earth fault protection in Delhi.
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Swedish - Indian Companies signing MoUs at the inauguration of Sustainability by Sweden - Showroom India
The MoUs were signed on the sidelines of inauguration of the first of its kind ‘Sustainability by Sweden Showroom India' by Swedish Energy, Agency Business Sweden and The Embassy of Sweden under the Sweden India Nobel Memorial Programme. The showroom was inaugurated at Business Sweden, New Delhi by Mr. A. K. Verma, Joint Secretary, Ministry of Power, Ms. Josa Karre, counsellor and head of Economic Affairs, Embassy of Sweden and Ms. Josephine Bahr Ljungdell - Director of International Affairs, Swedish Energy Agency.
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Mr. Arun Kumar Verma, Joint Secretary, Ministry of Power, Government of India Inaugurating theSustainabilityby Sweden - Showroom India
India and Sweden share a long history of collaboration, which is guided by MoU in the fields of energy, environment, science & technology and sustainable urban planning. To further strengthen the collaboration, this showroom has been set up in India as a next step towards bi-lateral program - India Sweden Innovations Accelerator (ISIA). The showroom will present over 20 Swedish innovative technologies, which have been introduced and filtered through the dedicated ISIA program. The program has been recognized as the flagship program to expand research, innovation and business cooperation on new innovative energy technologies between India and Sweden.
Mr. Arun Kumar Verma, Joint Secretary, Ministry of Power, Government of India, said, 'India is a growing country and equally contributing to the global Energy sector. Going further, there is a need to add renewables and sustainability solutions. We are looking forward to stronger India - Sweden association and programs to support innovations and new technologies. I wish this initiative by Sweden a success and look for stronger bond in bringing newer expertise and innovations.
Mr. Ludvig Lindstrom, Country Head India, Swedish Energy Agency, said, 'India and Sweden share the common objective on the need for innovation to cater to the growing need of sustainable and green energy. The India-Sweden Innovations' Accelerator (ISIA) program is a part of intergovernmental cooperation between India and Sweden in the area of new and renewable energy technology. Sweden is one of the most sustainable countries with growing share of renewables and complete carbon neutrality by 2045. Ouraim of the showroom is to initiate talks on sustainability and joint innovation, research, development, and deployment in India.
The first exhibition at the Showroom was themed as 'Sustainability is Everybody's Business. It showcases how various innovative Swedish technologies introduced through ISIA program, fit into the Indian context along with projects setup by Swedish companies in India. In addition, different systems based on Swedish technologies to track, power quality, energy savings etc. were on display in the showroom.
About The Swedish Energy Agency
The Swedish Energy Agency is a Swedish governmental organisation with an overall responsibility of promoting sustainable energy systems through the use of renewable energy, energy efficient technologies, a smarter end-use of energy, and mitigation of climate change. Besides policy development and international collaborations the Swedish Energy Agency is also an active public financier of early and growth stage clean tech companies in Sweden through a system of grants and soft loans.
About The Business Sweden
Business Sweden's purpose is to help Swedish companies reach their full international potential and foreign companies to invest and expand in Sweden. We offer our customers strategic advice and hands-on support in 50 of the world's most interesting markets. Business Sweden is owned by the Swedish Government and the industry, a partnership that provides access to contacts and networks at all levels. Business Sweden was founded on the first of January, 2013, by a merger of the Swedish Trade Council (Exportrådet) and Invest Sweden.