Energy Symposium on Energy Innovations held at Mumbai
Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) recently hosted the Inspirational Symposium on Energy Innovations at WeSchool campus in Mumbai. The symposium is part of the India-Sweden Innovations´ Accelerator (ISIA) supported by Swedish Energy Agency which is a bilateral program that contributes to facilitating technology transfer and market entrance in India for Swedish innovative companies, focusing on scaling and adapting their technologies to the local context.
Mumbai/India – This initiative is supported by Business Sweden, Confederation of Indian Industries (CII) – Green Business Centre, Ministry of New and Renewable Energy as well as Bureau of Energy Efficiency (Govt of India). The keynote address was delivered by Ms Fredrika Ornbrant, Consul General, Consulate General of Sweden followed by Mr Srikant Illuri, Executive Director, Business Sweden who outlined the various challenges facing the world due to excessive energy consumption. They focused on the need for shift in global thinking as well as technology that will drive change. With Sweden having the largest per capita consumption of energy, it has successfully reduced carbon emission and its green house effect has also gone down by 20 per cent while the economy has grown by 60 per cent.
The discussion at the symposium revolved around the possibilities and challenges involved in developing renewable energy systems and clean technology for India. This initiative will create a platform for innovative Swedish companies to connect with their respective Indian counterparts to explore the possibility of creating sustainable energy systems suitable for Indian market. This will also be an opportunity for strengthening the bi-lateral trade relationship between India and Sweden by bringing innovative solutions from Swedish companies to the Indian market and taking Indian grass root solutions to the Swedish market.