Monday, July 14, 2008

India to attract clean technology innovation

by Jenny Hodge

Mr. John McCarthy, the Australian High Commissioner to India, hopes that Australia and India are on the verge of a great economic partnership

McCarthy, who was speaking at the 2nd India Cleantech Forum, in New Delhi, said that the success of the partnership depends on how we promote growth today to tackle the central issues of climate change, sustainability and clean technologies.

The forum is being jointly organised by the Confederation of Indian Industry, CII-Centre of Excellence for Sustainable Development and Clean Technology AustralAsia.

The main objective of the forum is to identify the challenges and opportunities for accelerating investment, transfer and deployment of Clean-tech in the surging Indian market- arguably the biggest Clean-tech market in the world.

The organisers hope that during the two day forum, more that 30 of the world’s experts and leaders in Clean-tech will be presenting vital market knowledge and opportunities for Clean-tech in India.

Mr McCarthy pointed that India and Australia place climate change and sustainable development at the core of policy issues and that the two nations have collaborated though partnerships like the Asia Pacific Partnership for clean development & climate change.

They have built a fund for strategic research, and have engaged in other collaborations to build markets for renewable energy and clean technologies.

He emphasized that the private sector is a great source of ideas and stressed that visionaries of clean-tech, who are demonstrating care for the environment and sustainability needed to be provided the right policy setting, accompanied with realignment of regulations, backed with the right political will.

 

 

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