Excellencies,
Industry leaders,
Distinguished guests,

My greetings to all of you.

We are all connected by a common commitment – Global Net Zero.Partnership between the government and industry is very important to achieve the goals of Net Zero.

And, industrial innovation is an important catalyst.

The Leadership Group for Industry Transition, i.e. Lead-IT, is a successful example of partnership between governments and industry for a safe future for the planet.

Lead-IT, launched in 2019, is our joint effort to strengthen the industry transition.

Low carbon technology and innovation should be accelerated. And it should be delivered to the Global South as quickly and easily as possible. In its first phase, Lead-IT focused on transition roadmaps and knowledge sharing in sectors like Iron and Steel, Cement, Aluminium, Transport Today 18 countries and 20 companies are members of this group.

Friends,

India has emphasized global cooperation in circularity strategies during its G-20 presidency.

Taking it forward today, we are adding a new chapter to Lead-IT.

Today we are launching Lead-IT 2.0.

This phase will have three main focuses. First, inclusive and just industry transition. Second, co-development and transfer of low carbon technology. And third, financial support for industry transition in emerging economies.

To make all this possible, India-Sweden Industry Transition Platform is also being launched.

The platform aims to connect the governments, industries, technology providers, researchers, and think-tanks of both nations. I am optimistic that our collaborative efforts will effectively craft a fresh narrative of green growth for the well-being of future generations.

Once again, I extend my sincere thanks to my friend and co-host, the Prime Minister of Sweden His Excellency Ulf Kristersson, and to all who participated in today's event.

Thank you very much.

DISCLAIMER - This is the approximate translation of Prime Minister's Press Statement. Original Press Statement were delivered in Hindi.

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DS/AK