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In a fillip to the nation’s electrical automobile (EV) objectives, the European Union (EU) and India on Tuesday joined fingers to advertise startups working within the space of battery recycling applied sciences for EVs.
The collaboration goals to spice up the cooperation between European and Indian Small and Medium-sized Enterprises (SMEs) and startups within the clear and inexperienced applied sciences sector.
The most recent initiative happened beneath the India-EU Commerce and Expertise Council (TTC) introduced by Prime Minister Narendra Modi and Ursula von der Leyen, President of the European Fee, at their assembly in New Delhi in April 2022.
“The match-making occasion is a step forward to unlock progressive prospects resulting in a inexperienced and round financial system. We encourage innovators from the EU to grab this chance and discover potential collaborations with their Indian counterparts,” stated Marc Lemaitre, Director-Basic for Analysis and Innovation on the European Fee.
As a part of the initiative, 12 startups — six every from India and the EU — shall be chosen and get a pitching alternative in the course of the ‘Matchmaking Occasion’, scheduled in June.
Six finalists (three from the EU and three from India) shall be chosen following their displays and awarded the chance to go to India and the EU, respectively.
“We’re devoted to fostering a collaborative atmosphere the place sustainability and innovation type the cornerstone of a flourishing round financial system,” stated Professor Ajay Kumar Sood, Principal Scientific Adviser to the federal government.
The deadline for submitting Expressions of Curiosity (EoI) for the startups is April 30.
The TTC will assist increase EU-India bilateral commerce, which is at historic highs, with 120 billion euros price of products traded in 2022.
In 2022, 17 billion euros price of digital services and products had been traded.
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