Jaishankar Inaugurates ‘India Europe Business & Sustainability Conclave’

External Affairs Minister Subrahmanyam Jaishankar inaugurated the first edition of ‘India Europe Business & Sustainability Conclave’. In partnership with the Ministry of External Affairs, the conclave was organised by the Confederation of Indian Industry (CII) from 28 February - 1 March 2023. 
 
Addressing the gathering, Jaishankar said that clean energy and green transition are central to the India-EU Connectivity Partnership.
 
“Synergies have emerged in solar and wind energy, green hydrogen, smart grids, sustainable urban transport, especially metro projects, waste management and the circular economy but, to sustain this cooperation, the real ask is capacity building, clean technology transfer, alignment of standards and cooperation in critical materials,” said Jaishankar.
 
“Promoting green financing is the ignition for any long-term result-oriented outcome,” he added.
 
Jaishankar informed that India is one of the leading countries in climate change mitigation commitments and environmental protection. The country’s low-carbon development strategy paves the path to a carbon-neutral economy.
 
With the third biggest installed renewable energy capacity in the world, India’s ambitious green hydrogen policy incentivises an indigenous ecosystem for local needs and exports. 
 
“Green transition is the core of our sustainability goals and it is enshrined in our agenda for the G20 presidency. Prime Minister Modi’s LiFE Initiative adds the dimension of individual responsibility and ownership of our environment, in the synergy with India’s declared climate and environmental goals,” he asserted. 
 
Being one of the largest congregations of policymakers and business leaders from both nations, the conclave aimed at strengthening bilateral relations and providing opportunities in different sectors.