Freeport East collaborates with UK-India innovation initiative ITES to boost green transport growth
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- Boosts Bilateral Trade: Deepens UK-India ties, creating new trade and investment avenues.
- Drives Clean Transport: Advances green transport solutions, attracting private-sector investment.
- Empowers Innovators: Supports UK and Indian businesses in developing and deploying sustainable technologies.
Freeport East Partners with ITES for Green Transport Growth Freeport East has teamed up with Innovating for Transport and Energy Systems (ITES) to drive clean transport innovation and enhance trade between the UK and India. Transforming Green Transport
The collaboration aims to revolutionize green transport solutions, leveraging the expertise of Energy Systems Catapult and the Indian Institute of Science. The partnership is designed to attract substantial private-sector investment, fostering industry engagement and funding for new technologies. Strategic Agreement
Steve Beel, CEO of Freeport East, and Andrew Stokes of Energy Systems Catapult signed a Memorandum of Understanding (MOU) on July 25, marking the start of this transformative partnership. Beel highlighted, "India is one of the world's most exciting markets for innovation and offers significant opportunities for UK businesses to export their products and services." Andrew Stokes added, "ITES is empowering UK innovators to achieve transformative growth in India.
Our partnership with Freeport East will set a precedent for collaboration that other publicly funded programmes and freeports can emulate." Support from Key Figures Jack Landers from the British High Commission in New Delhi commented on the partnership's strategic importance following recent diplomatic engagements, stating, "This agreement will help further our common interests whilst building mutual growth and trade opportunities in green transport."
Alexandros Germanis of Greencrowd Partnership LLP emphasized the collaboration's potential impact, saying, "The more private sector businesses join us in this endeavour, the greater our collective impact will be in supporting innovators to solve India's transport decarbonisation challenges." Focus Areas The ITES programme advances technologies like alternative fuels, battery and energy storage systems, green hydrogen, and electric charging methods.
It also promotes energy and flexibility management systems, renewable generation, microgrids, and digital twins. The partnership will leverage Freeport East's mandate for net zero and innovation, integrating this with ITES' international approach to create scalable models for public-private collaboration. Economic and Environmental Benefits
This partnership is set to co-develop and deploy transport decarbonisation projects, enhancing bilateral trade and creating investment opportunities. It supports funding bids and attracts public and private investments, driving sustainable development in transport. Related Article: EU Announces Record EUR7 Billion Investment in Climate-Focused Transport Infrastructure[1]
Strengthening Trade Relations
Freeport East[2] and ITES are focused on building networks and impactful collaborations to strengthen UK-India trade relations.
This partnership underscores the power of collaboration for mutual growth and success, highlighting the importance of combining resources and expertise.
References
- ^ EU Announces Record EUR7 Billion Investment in Climate-Focused Transport Infrastructure (esgnews.com)
- ^ Freeport East (freeporteast.com)