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Sweden, India ink pact to bolster renewable energy technologies

Press Trust of India  |  New Delhi 

and Monday signed two MoUs in the Renewable sector to enhance the technology and bring in power efficiency.

The first MoU was signed between Swedish firm and for setting up and assembly unit in

The second MoU was inked between Swedish Neutral and DDL for setting up pilot for earth fault protection in Delhi, Embassy of said in a statement.

The MoUs were signed on the sidelines of inauguration of the 'by Showroom India' by Swedish Energy, Agency Business Sweden and under the Sweden Memorial Programme, it said.

The showroom was inaugurated at Business Sweden here by A K Verma, Joint Secretary, Ministry of Power, Josa Karre, counsellor and head of economic affairs, and - Director of International Affairs, Agency.

and Sweden share a long history of collaboration, which is guided by MoUs 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 programme - India Sweden Innovations Accelerator (ISIA), the statement said.

The showroom will present over 20 Swedish innovative technologies, which have been introduced and filtered through the dedicated ISIA programme. It has been recognised as the flagship programme to expand research, innovation and business cooperation on new technologies between India and Sweden.

"India is a growing country and equally contributing to the global Energy sector. Going further, there is a need to add renewables and solutions. We are looking forward to stronger India- and programs to support innovations and new technologies," Verma said in the statement.

India and Sweden share the common objective on the need for innovation to cater to the growing need of The India-Sweden Innovations' Accelerator (ISIA) programme is a part of intergovernmental cooperation between India and Sweden in the area of new and renewable energy technology, said.

The first exhibition at the showroom was themed as "is Everybody's Business". It showcased how various innovative Swedish technologies introduced through ISIA programme, fit into the Indian context along with projects setup by Swedish companies in India.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 22:15 IST