PRESS INFORMATION BUREAU

11-December -2023

1. Industry transition challenges of technology transfer and finance yet to be addressed: Union Environment Minister Shri Bhupender Yadav

Topic: GS3 – Indian economy

Context:

• LeadIT, initiated in 2019, has prompted a significant global shift in the industrial landscape.
• The Union Minister for Environment emphasizes the importance of addressing technology transfer and finance challenges in industry transition.

Additional information on the news:

• The Minister advocates for collaborative international mechanisms to overcome barriers like intellectual property rights for effective technology transfer.
• LeadIT 2.0 is introduced with three pillars: a global dialogue forum, technology transfer and co-development, and an Industry Transitions Platform to support low-carbon transitions.
• The India-Sweden Joint Declaration on Industry Transition Platform is highlighted as an alliance for a sustainable future, focusing on strengthening institutions and fostering innovation and research.
• Objectives of India-Sweden Industry Transition Platform include unlocking conditions for tech projects, fostering innovation, research, development, capacity building, and mobilizing finance.
• The initiative aims to catalyze collaboration, facilitate technology transfer, and promote joint research for a low-carbon industrial transition.
• The Minister invites stakeholders to work together to harness innovation, collaboration, and technology for a sustainable and inclusive industry.
• The Swedish Minister for Climate and Environment emphasizes the potential of decarbonization and green transition for regional development, job creation, and improved competitiveness.
• LeadIT provides an opportunity for partnerships between industry transition leaders and economies aligning with the Paris Agreement goals.
• LeadIT members adopt a Mission Statement for the initiative’s next phase (2024-2026) at COP28, reaffirming their dedication to Paris Agreement goals.

Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1984718

2. PM to launch ‘Viksit Bharat @2047: Voice of Youth’ on 11th December

Topic: GS2 – Government initiatives

Context:

• Prime Minister Shri Narendra Modi launches ‘Viksit Bharat @2047: Voice of Youth’ on December 11, 2023, at 10:30 AM.
• The launch takes place via video conferencing.

Objective of the Initiative:

• Prime Minister envisions active involvement of youth in formulating national plans, priorities, and goals.
• ‘Viksit Bharat @2047: Voice of Youth’ aims to provide a platform for youth to contribute ideas to the vision of making India a developed nation by 2047.

Youth Engagement:

• The initiative is a significant step in engaging youth to share their ideas and suggestions for the development vision of Viksit Bharat @2047.

Vision of Viksit Bharat @2047:

• The vision includes making India a developed nation by 2047, marking the 100th year of its independence.
• Encompasses various aspects of development: economic growth, social progress, environmental sustainability, and good governance, among others.

Source: https://pib.gov.in/PressReleseDetail.aspx?PRID=1984671

 

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