Innovation partnership a cornerstone of the bilateral cooperation between India and Sweden: Swedish Deputy Prime Minister Ebba Busch
The relationship between India and Sweden is stronger than ever and innovation partnership has become a cornerstone of bilateral cooperation, said Sweden’s Deputy Prime Minister Ebba Busch at the ninth annual India-Sweden Innovation Day programme.
The day-long hybrid event on October 27 witnessed the two countries coming together for green transition and discussed topics such as the implementation of the partnership, principles of co-financing, co-development, co-creation for mutual benefit and use of complementary strengths.
It was organized in collaboration with the Embassy of India in Sweden and Latvia, the Sweden-India Business Council (SIBC) and the Confederation of Indian Industry (CII).
”The relationship between India and Sweden is stronger than ever and innovation partnership has truly become a cornerstone of our bilateral cooperation. This collaboration aims to solve major challenges in areas such as green transition, clean energy, health and transport, says Busch, who is also Sweden’s minister of energy, food and nutrition, in a statement.
The 35-year-old Swedish deputy prime minister also praised India for becoming an “innovation powerhouse” and moving up 41 positions in the Global Innovation Index (GII) ranking – from 81 to 40 – within a few years.
As Industry 4.0, which refers to the fourth industrial revolution, is at the forefront of driving sustainable industrial growth worldwide, the event also emphasized exploring its potential in the development and adoption of smart technologies for increased efficiency and socio-environmental sustainability .
Tanmaya Lal, India’s ambassador to Sweden and Latvia, spoke about strengthening ties between the two nations. He said the India-Sweden association will not only help analyze and develop technology and solutions that sustainably impact humanity in the biggest way, but also address health and safe transportation for safety and better quality of life.
”Sweden is a leader in innovation and sustainability and India is also 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 now coming out of India offers enormous opportunities for collaborations, he added.
Over 1,000 participants from around the world attended the event, of which around 350 delegates attended the ‘Innovation Day’ 2022 in person while over 700 marked their presence online.
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