Maha & SIBC sign MoU for sustainable infra and defence manufacturing

14 Mar 2023 CW Team

The Sweden India Business Council (SIBC) and Maharashtra government have signed a memorandum of understanding (MoU) for collaboration in waste to energy, sustainable infrastructure and transportation, defence manufacturing, and investment. Devendra Fadnavis, the Deputy Chief Minister of Maharashtra, was present when the Agreement was signed.

After the signing of the MoU, Devendra Fadnavis tweeted, “Maharashtra is the 'Second Home' to Swedish companies and 'Power House' of India. The relation between Maharashtra and Sweden is now 100 years old and we pledge to make it stronger ahead. Looking forward to work together in innovation, manufacturing, technology, solar energy, green and clean energies.”

The MoU was signed by the Maharashtra Industrial Development Corporation (MIDC) and the Sweden India Business Council (SIBC). “Swedish business will keep growing and investing in Maharashtra. With the use of this Agreement, the two parties hope to forge closer links that will foster employment growth and technological collaboration as well as a more sustainable future" Prashant Agarwal, a member of the SIBC board remarked.

The two parties, like the State of Maharashtra and the Sweden-India Business Council, have also decided to collaborate to look into and facilitate financial options. Anna Lekvall, Consul General of Sweden in Mumbai said, “Maharashtra has historically been an important region for Sweden, right from the 1960s, when large Swedish companies set up operations in Pune. I am delighted that we are deepening the ties in many ways and welcome the new collaboration between Maharashtra government and Sweden-India Business Council.”

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..