India, having previously held the G-20 Presidency, and Sweden, distinguished for its innovations and green expertise, have a unique opportunity to establish a comprehensive alliance for the future. Both countries have solidified their commitment through the signing of Memorandums of Understanding (MoUs) in the areas of Energy, Environment, and Urban Development, aimed at promoting cooperation.

Mr. Jan Thesleff, Ambassador of Sweden to India, highlighted the crucial role of sustainability in ensuring the needs of both present and future generations, stating: "Sustainability is the ability to meet the needs of today without jeopardizing the satisfaction of the needs of tomorrow".

Mr. Håkan Jevrell, Sweden’s State Secretary to the Minister for International Development Cooperation and Foreign Trade, emphasized the significance of industry transition: "Decarbonisation of the heavy industry is perceived as feasible now, thanks to the Swedish companies that are producing fossil-free steel”.

Sweden and India are working together to speed up their transition to clean energy. They are involved in initiatives such as the International Solar Alliance (ISA) and collaborating on research and development projects through partnerships with international organizations.

The event was held by Team Sweden which includes the Embassy of Sweden, the Consulate-General in Mumbai and Business Sweden in collaboration with the Swedish Energy Agency and Vinnova. Swedish companies such as Alfa Laval, SPOWDI, SaltX, Aliema, Kraftpowercon, and Atlas Copco are jointly working with Indian stakeholders in the field of innovation and sustainability.

Reflecting on the collaborative journey between Sweden and India, Cecilia Oskarsson, Trade & Invest Commissioner of Sweden to India & South Asia, remarked, "Team Sweden in India has been committed in its endeavor to "Pioneer the Possible'” together with India by providing innovative solutions and best-in-class technologies and expertise for the heavy industry. The Sustainability by Sweden Ecosystem has become an established engine of collaboration for a cleaner, greener tomorrow."

Discussions during the event underscored the importance of embracing transformative technologies and solutions to drive sustainable development. Key focus areas included sustainable energy, Carbon footprint reduction across Hard to Abate sectors, harnessing technology and innovation for a Green Future, and measures to enhance strong Sustainable Balanced and Inclusive Growth.

Several cases of successful impact created were also exhibited during the course of the day between Swedish technology providers and their Indian counterparts along with a panel discussion on Harnessing Technology and Innovation for a Green Future.

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