Industry Transition Partnership projects announced at COP30.
During the LeadIT Leaders’ Roundtable in Belém, Ministers Bhupender Yadav of India and Romina Pourmokhtari of Sweden announced that Indian and Swedish companies have partnered and been shortlisted to develop pre-pilot steel and cement projects in India under the India–Sweden Industry Transition Partnership. This marks a significant step forward in bilateral cooperation on accelerating the shift towards low-carbon industrial solutions, which are essential to reach global climate goals.
Read the Indian Government statement
press release
The announcement fulfils the commitment made by the Prime Ministers of India and Sweden at COP28 to deepen collaboration on innovative technology pathways and joint implementation of industry transition initiatives.
About the Industry Transition Partnership (ITP)
The ITP aims to unlock flagship projects in the steel and cement sectors in India by fostering the enabling conditions needed to support an accelerated and scaled low-carbon transition. It works with innovation and R&D, mobilizing finance, and advancing market-based mechanisms.
Leaders’ Roundtable
Opening the Roundtable session, Minister Yadav underscored India’s commitment to collaborative, technology-driven, and sustainable industrial transitions under the Paris Agreement. He emphasised the country’s balanced approach to growth and sustainability and highlighted the important role played by LeadIT in uniting governments, industries, and international partners dedicated to advancing low-carbon and competitive industrial value chains.
During the Roundtable discussion that followed, LeadIT member countries and companies had the opportunity to take stock of progress and chart the next phase of global industrial cooperation. SJR Kutty, from Tata Motors, outlined his ambition for the recently announced cooperation between LeadIT, Tata Motors Commercial Vehicles and Volvo, which aims to explore low-carbon pathways for heavy transport in India.
SKF was also welcomed as a new member of LeadIT.
WATCH Minister Pourmokhtari’s speech to the Roundtable event.
Next steps for the ITP
Further details on the selected collaboration areas and the companies that will work together on the shortlisted projects will be presented at a technical workshop in New Delhi on December 8, co-organized by the Swedish Energy Agency and the Department of Science and Technology, Government of India.
Read the Swedish Government statement
Press release