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India Sweden Innovation Day 2024 Sets Stage for COP 29 and COP 30 Commitments on Industrial Decarbonisation

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New Delhi, October 17th  2024: As global leaders prepare for the COP 29 climate summit, India and Sweden are boosting their collaboration to advance industrial decarbonisation and accelerate the green transition. The India-Sweden Innovation Day 2024 laid crucial groundwork for these endeavours, with both nations reiterating their commitment to report on the progress of their joint green initiatives at COP 30, where the Honourable Prime Ministers of India and Sweden are set to meet.

Delving into the theme, ”Accelerating Green Growth for Inclusive Transition” the 11th edition of the strategic event witnessed a confluence of thought leaders, policymakers, and innovators who are committed to addressing global challenges with cutting-edge innovation.

The event commenced with an engaging session on ‘Co-Creating the Future,’ featuring renowned experts from India and Sweden discussing the role of joint innovation and technological collaboration, allowing both countries to position themselves as key players ahead of the pivotal COP meetings.

Underlining the shared objective and the significant potential of the two nations to emerge as global leaders in innovations, Dr Jitendra Singh, Honourable Minister for Science and Technology, Government of India, said, “Sweden ranks 2nd among 39 European economies and 133 global economies on the Global Innovation Index, while India leads the 10 economies of Central Asia and ranks 39th globally. This highlights the abundant scope for joint research and collaboration between our nations in research, academia, innovation, and industrial entrepreneurship, including startups. 

Further reflecting on the collaborative journey between India and Sweden, Chief Guest, H.E. Ebba Busch, Honourable Vice Prime Minister & Minister for Energy and Enterprise, Government of Sweden, said” India, with its young population and fast-growing economy, boasts one of the largest startup ecosystems globally, with over 75,000 startups and 100 unicorns. Alongside Sweden’s global leadership in innovation, this partnership makes us an unbeatable ally as we advance towards our net zero commitments.”

The keynote speeches by H.E. Ebba Busch and Dr. Jitendra Singh underscored the significant impact of the India-Sweden partnership in driving industrial decarbonisation. They also outlined a roadmap of immediate actions for COP 29 and a vision for lasting outcomes at COP 30.

Another leadership panel on ‘Green Growth with Inclusive Transition’ included prominent voices from the public and private sectors, focusing on building a green and inclusive economy. The experts also discussed the integration of sustainability into industrial processes and green manufacturing.

From advancing space exploration to enhancing cooperation in biotechnology for sustainable food and fuels, the 11th edition of India-Sweden Innovation Day emphasised the robust alliance between India and Sweden. The event also emphasised the critical roles of the Sweden-India Business Council (SIBC) and the Confederation of Indian Industry (CII) in strengthening business ties.

These organisations are crucial in understanding market dynamics, community needs, and industry trends, thereby fostering a deeper connection and synergy between the two countries.

Touching on India’s growing significance on the global stage, especially in innovation and technology, H.E. Tanmaya Lal, Secretary West, Ministry of External Affairs, Government of India, said, ”India is rapidly rising in the global innovation landscape. Today, we rank among the top nations in critical technology areas such as AI and biotechnology. With the world’s third-largest startup ecosystem, India is driving economic growth and global innovation. Our collaboration with Sweden, particularly in technology and green transitions, is crucial for addressing global challenges.’’

 Echoing his views and reiterating the commitment of both governments to enhance lives across communities through sustainability, H.E. Jan Thesleff, Ambassador of Sweden to India, said, “Team Sweden and our Indian counterparts, including researchers, entrepreneurs, innovators, and policymakers, are working together to achieve a greener future through various initiatives. We are also promoting academic and industrial research, development, and cooperation through jointly funded programs focusing on the circular economy and more.”

Amid the soaring global demand for clean and sustainable energy, countries like Sweden and India are emerging as key players in this transformation. Sweden, renowned for its leadership in renewable energy and sustainability, sees immense potential in partnering with India, a growing force in technology and green solutions, to address pressing energy challenges.

”The Swedish Energy Agency has been actively engaged in India through various collaborations in the public sector, spanning national, city, and state levels. The Confederation of Indian Industry (CII) and the Green Building Centre, with their market connections and community insights, have been valuable in helping us understand India’s trends and industry requirements,” said Ms. Caroline Asserup, Interim Director General, Swedish Energy Agency.

Recalling the unparalleled growth of India-Sweden Innovations’ Accelerator program since 2009, Mr. Ludvig Lindström, Senior Advisor, Swedish Energy Agency underscored the evolution of the platform into a powerful driver of sustainable innovation.

”Our collaboration with India began in 2009, and over time, these efforts have evolved into the India-Sweden Innovation Accelerator program. As of the last count two years ago, the program has facilitated over 250 joint projects. This shift represents a significant milestone; we are no longer just linking businesses but working together to develop solutions that directly contribute to global climate goals,” said Mr. Lindström.

As businesses around the world increasingly acknowledge the need for sustainable practices, industry experts at the event emphasised the significance of integrating sustainability into core business processes.

“The imperatives of sustainability, growth, and competitiveness are no longer independent of one another. In fact, they are deeply intertwined. Being competitive now means being increasingly sustainable, and without sustainability, businesses will find themselves out of the market. While national governments and agencies are driving the global sustainability agenda, it is ultimately the public and private sectors that will deliver solutions on the ground,” said Mr. Kamal Bali, President & MD, Volvo Group India and Co-Chairman, CII Europe Council.

Experts at the 11th edition of India Sweden Innovation Day also laid emphasis on extending the partnership between the two countries, transitioning from association in research and innovation to jointly designing products and bringing them to market. 

”India Sweden Innovation Day has become an institution in the relationship between India and Sweden. We have already moved into collaborating on innovating jointly and it is time to the next step and see how we could look at products and get them out in the market together,” said Mr. Robin Sukhia, Secretary General & CEO, Sweden-India Business Council / Chairman, Scandinavian Chemotech.

Another key highlight of the 11th edition of India Sweden Innovation Day was a comprehensive dialogue to explore the future of local manufacturing, opportunities, innovation and a conducive regulatory framework.

”We have been present in India for almost 50 years, engaging in licensed production. Now, we are taking the next step by establishing a state-of-the-art factory for the Carl Gustaf system. We are the first company in the defence industry to be allowed to own 100% of the factory and this will be very important for us in the future, especially if we are looking to expand the production facility,’’said Mr. Mattias Ringman, Vice President, Head of Finance, BA Dynamics, Saab.

Similarly, referring to the incredible opportunities for foreign businesses in India, Ms. Susanne Pulverer, CEO & CSO, IKEA India, said,” IKEA has had its presence in India for more than 40 years and it is also the biggest market where we support development in climate change, etc. Furthermore, it is important to provide equal opportunities for everyone, so we are committed to creating a gender-diverse organisation with a 50-50 gender ratio. Overall, India is a fantastic country and a great opportunity market, and of course, a growing market.’’
 

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During the ‘Strategic Innovations to Accelerate the Decarbonization of Steel and Cement Industries’ panel, experts from India and Sweden explored innovative approaches to reduce emissions in these vital industrial sectors. The discussion highlighted the need for cutting-edge technologies, sustainable practices, and strengthened collaboration between the two nations. Panelists also emphasised policy reforms and regulatory frameworks to support a smooth and efficient transition toward a decarbonised future for India’s steel and cement industries. In addition, according to experts, platforms like Lead IT have proven to be game changers in this regard.

‘’We are fortunate to have become a founding member of Lead IT in 2019. Currently, Lead IT has 36 members, with 6 out of 10 companies hailing from India. Our focus is on how Lead IT can further bridge the gap between different countries. Lead IT is not just a partnership between India and Sweden, but also involves 8 other countries. Our expectation from Lead IT is to become a strong pillar for technology innovation, technology transfer, and creating roadmaps for these crucial factors,’’ said Mr. Mahendra Singhi, Managing Director and CEO of Dalmia Cement.

In the captivating session on ‘Travel as a Business Accelerator,’ panelists shared insights into the transformative impact of travel on global business dynamics. They analysed how strategic travel planning enables access to new markets, fosters partnerships, and drives accelerated business growth.

In addition, a thought-provoking fireside chat on “Sustainability and Innovation” highlighting real-world examples of successful initiatives. This engaging dialogue offered key insights into how businesses can balance profitability with environmental responsibility in an ever-evolving global landscape.

The India-Sweden Innovation Day 2024 also spotlighted the transformative roles of Artificial Intelligence and Smart Cities. Both India and Sweden, with their substantial capabilities in AI and technology, are well-positioned to lead the global movement towards AI-driven sustainable urbanisation. Additionally, circularity in textiles was another major theme discussed, unlocking new possibilities in textile recycling and waste management.

“Working together, India and Sweden can become global leaders and partners in creating sustainable and innovative solutions for the entire planet. From startups to industry transition, we are pioneering initiatives in sustainable energy, safe transport, circular economy, sustainable cities, AI, and Digital transformation. Let us continue to work together and share ideas,’’ said MrSanjoo Malhotra, CEO of India Unlimited.

The India Sweden Innovation Day 2024 was a resounding success, with participants deliberating on the valuable connections made and the collective commitment to cultivating partnerships that can lead to impactful solutions.

As COP 29 approaches, both countries are set to introduce collaborative frameworks and policies that will drive progress in areas such as green manufacturing, energy efficiency, and sustainable urbanisation. The upcoming year before COP 30 will be crucial for translating these strategies into real-world outcomes that align with global climate ambitions. 

About India Unlimited

India Unlimited was founded in 2013 to promote cross-cultural ties between India and Sweden in association with the Embassy of India in Sweden and Sweden-India Business Council. In the last seven years, the organisation has hosted a number of events in Stockholm and Gothenburg showcasing the diversity of Indian cultural, economic and social life.

In association with the Indian Embassy in Stockholm, India Unlimited has been a part of events including the visit from the former Indian President, H.E. Shri Pranab Mukherjee and the Swedish Royal family; an exhibition of works by Rabindranath Tagore and Satyajit Ray; business seminars in collaboration with CII and Sweden-India Business Council on subjects ranging from gender and diversity to energy, transportation, smart cities, space, innovation and infrastructure under the Make In India promotion; fashion shows by Vogue India, Tarun Tahiliani and NIFT students; design exhibitions: Pecha Kucha tiger photo exhibition: a film festival with speakers including Aparna Sen, Shonali Bose and Ketan Mehta; an Innovation Hackathon across universities in Sweden; and the day-long festivals – Namaste Stockholm and Namaste Gothenburg in collaboration with Incredible India, that drew thousands to come together and discover the variety and multiculturalism of India.

They were the proud partner and organiser of Stockholm Culture Festival Theme India in 2017, which was attended by 650000 Stockholmers presenting Zakir Hussain, Papa CJ, Bollywood Musical, Yoga, Indian cuisine and much more.

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Hi Tech Universe Launches Real Estate and Forex Consultancy Services

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Hi Tech Universe has launched its investment consultancy services. The company gives a fresh twist to both real estate and forex industries with expert advice, put into practice with the benefit of modern digital tools. For the investor, this consultancy makes the difference in complicated areas. It is transparent to the clients, empowering them while carefully examining the market sets it apart as a go-to name among both novice and professional investors who want steady profits in shifting financial tides. Through the client-centered approach, it has defined new ways to perceive and deal with property and currency investments.

Hi Tech Universe provides an all-inclusive range of investment opportunities in the real estate sector, from commercial to residential properties that have high growth potential. In-depth market research by the consultancy identifies the properties that fit the diversified goals of investors, such as those who are looking for both short-term returns and long-term stability. The emerging market trends are brought out to the clients to make proper decisions even when there is fluctuation. The focus here is on stability and potential growth, which gives the impression that the company values sustainable real estate options as something that could appeal to any seasoned investor or newcomer alike.

Within the forex section, Hi Tech Universe offers clients a very secure trading platform with access to up-to-date real-time information and risk management capabilities. This, in turn, enables clients to respond fast to any currency market shifts with more confidence, because they can rely on being given fresh, updated information and solid analytical insights. The company’s platform is efficient and economical, with minimal transaction fees and speedy processing times, allowing for maximum returns by maintaining control of transaction costs within the hands of the investor, thus emphasizing its stance on a competitive trading experience that is both customer-friendly and efficient in striking an opportunity balance.

It has incorporated education and transparency above all else that a regular consultancy might provide. They take clients through every aspect of their investment, thus arming them with every vital information to make sound decision-making. This is enhanced through webinars, tutorial sessions, and individual consultations with clients. Through all these, the company facilitates an atmosphere of transparency between the company and the client to understand the depth at which their financial decisions exist. Dedicated experts are there to help for the entire process by furnishing continuous support, cultivating trust and confidence among the investors, and emphasizing the intent of the company to provide power to the clients.

In embracing digital innovation, Hi Tech Universe uses developed technologies to make the clients’ experience easier. A virtual real estate tour easily lets the clients view such properties from anywhere and with greater accuracy. The simulated forex trading environment enables the client to experience the system without risk while gaining confidence in entering the real markets. The online tools offered by the company provide real-time data that enables the client to monitor the performance of his or her portfolio anywhere and at any given time. Indeed, it is a fusion of digital solutions reflecting commitment to a more modern and user-friendly approach to investment management.

Hi Tech Universe is client-centric. This is because the consultancy provides solutions that cater to unique financial goals and risk preferences that are different for every client, thus showing personalization in commitment. It caters to customized strategies as well as smooth onboarding and portfolio management for easy intuition. Focusing on independence in finances, it ensures that the stability of the client’s finance is achieved through diversified reliable investment options. This commitment to individualized service speaks to the role of Hi Tech Universe as a trusted partner in guiding clients toward their financial goals.

At Hi Tech Universe, innovation and results always come out in the process of redefining consulting on investment with a fierce focus on clients’ winning. It is always the solid source whenever you want your savings to build into real estate financial portfolios and generate enormous returns and also an excellent provider for forex wealth. From empowering, giving account, to having a defined strategy approach, Hi-Tech Universe positions itself as one of those essential allies and an excellent investor to secure such a person’s financial fate. 

https://www.hitechuniverse.uk/

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The All-in-One Wellness Solution: How StuddMuffyn Life’s Multivitamins are Redefining Nutrition

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Ludhiana, Punjab, India, November 09, 2024: The Indian wellness market is saturated with varied products, but a Punjab-based brand has been making a mark with its innovation and quality. Founded by the dynamic duo of Paras Tomar and Ankur Bhati, StuddMuffyn Life has skyrocketed to success, achieving a remarkable turnover of 300 crores in the previous year.

Paras, an actor and influencer-turned entrepreneur with expertise in skincare, and Ankur, a data-driven expert with sharp e-commerce insights, combined their unique strengths to create a brand that resonates with health-conscious consumers across the nation.

Central to the brand’s impressive product lineup is their game-changing multivitamin tablets, designed to boost energy and overall health. These carefully formulated supplements are not just another addition to your medicine cabinet – they’re a comprehensive solution to modern nutritional challenges.

 Presenting The Multivitamin Marvel

The multivitamin tablets are meticulously crafted to provide the Recommended Daily Amount (RDA) of essential vitamins, ensuring your body receives optimal nutrition.

The benefits of this powerhouse supplement are far-reaching:

1. Holistic Health Boost: From promoting lustrous hair and radiant skin to increasing energy levels and maintaining a healthy metabolic rate, consumers often consider these multivitamins the best supplement for hair growth. 

2. Immune Support: Packed with immunity boosters like Vitamins C, D, E, and Folic Acid, these tablets fortify your body’s natural defenses.

3. Bone and Muscle Health: Key ingredients support bone strength and aid in muscle building, making it an excellent choice for fitness enthusiasts.

4. Cognitive and Ocular Benefits: The formula includes components that boost brain and eye health, addressing often-overlooked aspects of overall wellness.

5. Enhanced Athletic Performance: For the sports-minded, these multivitamins can help elevate performance levels.

A Potent Blend of Nature and Science

StuddMuffyn Life’s multivitamin tablets boast an impressive array of ingredients, including essential minerals like Iron, Zinc, and Calcium, paired with a robust vitamin profile featuring Vitamins C, B complex, A, K, and D. But what truly sets this formula apart is its inclusion of powerful natural extracts:

 – Boswellia and Turmeric for their anti-inflammatory properties

– Ginseng for energy and stress relief

– Grape Seed and Pine Bark extracts, rich in antioxidants

– Ginkgo Biloba for cognitive support

– Garlic and Spirulina for their numerous health benefits

This thoughtful combination of vitamins, minerals, and herbal extracts create a synergistic effect, addressing multiple aspects of health in one convenient tablet.

With continuous growth and innovation, StuddMuffyn Life’s commitment to quality and effectiveness remains constant. With its multivitamin tablets leading the charge, the brand is not just selling supplements – it’s promoting a holistic approach to health and wellness that resonates with health-conscious individuals across India.

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Industry leaders, including Nikhil Jathar, Krishna Pandya, Mayuresh Phadke & others, share insights on funding strategies and inclusive growth at the event

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Nagpur, Maharashtra – November 2024 – The 7th edition of the Local Startup Meet (LSM) recently concluded in Nagpur, Maharashtra, organized by the Entrepreneurship Cell of IIT Kharagpur. The event successfully brought together a diverse group of entrepreneurs, CEOs, and startup founders to engage in meaningful discussions about the evolving startup ecosystem.

A key highlight of the meeting was the panel discussion titled “How Funding Choices Shape Company Culture and Values,” which featured contributions from several esteemed industry leaders. Among the panelists were:

Mr. Ashutosh Naik, Group CCO at Groww
Mr. Nikhil Jathar, Co-founder and CTO of AvanSaber
Mr. Krishna Pandya, Founder & CEO of V21 CAPITAL
Mr. Mayuresh Phadke, Co-founder at Lemma Technologies
Mr. Kush Mehrotra, Vice President at MapMyIndia
The panelists shared valuable perspectives on the critical role that funding sources play in shaping a company’s culture and long-term objectives.

Key Insights from the Panel Discussion:

Impact of Funding Sources: Panelists explored how different types of investors, such as venture capitalists and impact investors, influence a company’s priorities, whether it be growth and profitability or social and environmental impact.
Values Alignment: Emphasis was placed on the importance of aligning a startup’s values with those of its investors to maintain a cohesive and motivated organizational culture.
Inclusive Growth: Strategies for fostering diversity and creating equitable opportunities within startups were discussed, highlighting the significance of inclusive growth in building sustainable businesses.
In addition to the discussion, the panelists played a pivotal role in evaluating and providing feedback to participating startups. They assessed funding eligibility, offered strategic suggestions, and recommended improvements to help startups refine their business models and growth strategies. This interactive judging session provided entrepreneurs with actionable insights to enhance their ventures and align them with best practices in the industry.

Reflecting on the event, Mr. Nikhil Jathar shared, “It was inspiring to see passionate entrepreneurs building sustainable, value-driven businesses. Aligning culture with growth strategies is essential for long-term success.”

Vinay Raut, Shivraj Gulve, and Khush Duggar, a few event organizers, remarked, “The participation of experienced leaders added immense value to our discussions. Their real-world experiences gave our attendees actionable insights to navigate the complexities of building and scaling their startups.”

The Local Startup Meet 2024 also featured interactive sessions and networking opportunities, allowing entrepreneurs to connect with potential mentors, investors, and peers. Organizers expressed their gratitude to all speakers and participants for making the event a success.

About Local Startup Meet (LSM)
The Local Startup Meet is an annual event organized by the Entrepreneurship Cell of IIT Kharagpur, aimed at fostering a vibrant startup community by facilitating knowledge exchange, networking, and collaboration among entrepreneurs, industry leaders, and aspiring startup founders.

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