India-Sweden Industry Transition Partnership (ITP) 

 At COP28 in 2023, Prime Ministers Narendra Modi and Ulf Kristersson established the India-Sweden Industry Transition Partnership (ITP) under LeadIT to accelerate the transition of heavy industry in India and globally.  

Objective

The ITP aims to unlock flagship projects in the steel and cement sectors and contribute to fostering enabling conditions towards scaling and expanding low carbon transition efforts by supporting innovation and R&D, mobilizing finance, and advancing market-based mechanisms. Tangible results from the ITP will be delivered by COP30 in 2025. 

Over the course of its work, the ITP will also align with its sister initiative, the Brazil – UK Industry Decarbonization Hub, so as to leverage mutual learning and jointly elevate the country platform model as a powerful, innovative way to accelerate industry decarbonization in emerging markets. 

Steel working group 

The steel working group is co-led by the Indian Ministry of Steel and the Swedish Energy Agency, with CEEW (Council on Energy, Environment & Water) and Swerim (Swedish Research Institute for Mining, Metallurgy and Materials) as respective knowledge partners. The working group consists of steel manufacturers and technology providers from both countries, in addition to trade associations and research institutes. 

Cement working group 

 The cement working group is co-led by the Indian Department for Promotion of Industry and Internal Trade and the Swedish Energy Agency, with NCCBM (National Council for Cement & Building Materials) and RISE (Research Institutes of Sweden) as respective knowledge partners. The working group consists of cement manufacturers and technology providers from both countries, in addition to trade associations and research institutes.