MIDC Signs MoU with Sweden for Green Initiatives

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by KnowESG
KnowESG_Devendra Fadnavis
Picture of deputy chief minister of the state of Maharashtra, Devendra Fadnavis, during the event in Pune, India.

The Maharashtra Industrial Development Corporation (MIDC), the Government of Maharashtra, and the Sweden India Business Council (SIBC) signed a memorandum of understanding (MoU) on Saturday for sustainable infrastructure and defence manufacturing.

Deputy chief minister Devendra Fadnavis who was present on the occasion, said, “Out of the 260 Swedish companies in India, 43 are in Pune, including some of the largest manufacturers.”

The MoU will focus on waste-to-energy (green initiatives), financial services, including export credit financing agencies in Sweden, sustainable infrastructure and transportation, and defence sector manufacturing, among others.

The Consulate General of Sweden in Mumbai and the Embassy of Sweden in New Delhi have started a year-long programme to celebrate 75 years of bilateral relations between Sweden and India with the visit of Swedish state secretary for foreign trade, Håkan Jevrell and several other leaders of Swedish industry to Pune.

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Source: Hindustan times