Thursday, March 3, 2011

India and Finland cement cooperation in clean technologies

The Government of Finland has expressed its desire to strengthen ties with India in clean technology development. At the occasion of the Delhi Sustainable Development Summit in the Capital, Ms. Paula Lehtomaki, Minister of the Environment of Finland stated that Clean technologies lead the way for stronger ties between India and Finland and an increasing number of Finnish companies are leaping at the opportunities India has to offer. She attended the conference together with a delegation of Cleantech Finland comprising of leading Finnish companies engaged in clean technologies. 

“The global challenges we are facing today can be turned into opportunities with the right technologies and know-how. What is needed is enhanced cooperation and sharing of knowledge,” said Ms. Lehtomaki at a press conference organised by Cleantech Finland where Finnish companies discussed how Finnish technologies can contribute to creating a green economy. “Green economy is essentially about integrating environmental aspects into all sectors of the society - and simultaneously boosting economic growth by, for example, creating new green jobs. The rapid development and introduction of clean technologies has a crucial role in creating a green economy,” she added. 

Clean technology has become a driver for India-Finland economic and innovation cooperation. Finnish cleantech companies explore various business opportunities in India’s booming market while strengthening their cooperation with local companies. Key focus areas are water and energy. According to the Finnish experts, Finnish cleantech expertise can strongly contribute to the economic, social and environmental development of India. 

Kemira Oyj, a world leader in water chemicals, and the Promoters of IVRCL have agreed to form a joint venture in India. In addition, Kemira, Hindustan Dorr-Oliver (HDO) and IVRCL are forming a strategic alliance to serve Indian water treatment markets. IVRCL and HDO are leading water infrastructure companies in India. Kemira’s estimation is that the Indian market potential relevant to the company is approximately USD 300 million. 

“This cooperation is well-aligned with Kemira’s strategy to grow profitably in India. Through this cooperation Kemira will have a strong manufacturing base in India and an opportunity to broaden our business. Combining Kemira’s water chemistry know-how and IVRCL’s expertise in building water infrastructure we are able to meet the rapidly growing water demand,” says Hannu Virolainen, Senior Vice President, Industrial customer segment, Kemira Oyj. 

The Switch, a leading supplier of wind power and new energy applications, who entered the Indian market in 2010 regards India’s growing wind and solar power market highly attractive. “Through the recent deal signed by Chinese Dongfang Electric and KSK Energy of India, The Switch will be contributing to the export of 166 1.5MW permanent magnetic direct-drive wind turbines to India by providing technology and key components. We are already also finalizing contracts with Indian manufacturers. We intend to be the partner of choice to our Indian customers and help them to develop the country’s vast potential for clean energy,” says Pertti Kurttila, VP, Supply at The Switch.

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