Prime Minister Narendra Modi, in collaboration with his Swedish counterpart Ulf Kristersson, launched the India-Sweden Industry Transition Partnership during the COP28 World Climate Action Summit, hosted in Dubai.
- The initiative, introduced under the broader framework of the Leadership Group for Industry Transition (LeadIT) 2.0, marks a significant stride toward a sustainable and green industrial revolution.
- Since its inception in 2019, LeadIT has grown into a collaborative effort involving 18 countries and 20 industry-leading companies.
- Prime Minister Modi highlighted the shared commitment to achieving Global Net Zero and stressed the crucial role of government-industry partnerships in reaching this ambitious goal.
- The LeadIT initiative, initially centered around pivotal sectors such as iron, steel, cement, and aluminum, focused on industry transition and knowledge sharing.
- LeadIT has played a pivotal role in accelerating the adoption of low-carbon technologies, aligning with global environmental goals.
- The launch of the India-Sweden Industry Transition Partnership within the LeadIT framework aims to specifically address the challenges faced by heavy-emitting industries.
