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Finnish cleantech companies are looking at strengthening their existing ties with Indian companies in the renewable energy sector. These companies are looking for stronger partnerships in India especially in energy efficiency, water treatment and bio-energy.
Mr Severi Keinälä, Head of Division, Innovation Department, Ministry of Employment and the Economy, Finland, said, “One of the most important areas of trade between Finland and India is the cleantech industry.
“The Finnish cleantech companies are expected to double the Finnish-Indian business cooperation in the next three years. India is already one of the main market areas of Finnish cleantech companies with most of the leading companies already present there.”In 2011, Finland's exports to India grew 32 per cent from the previous year and exports from India to Finland grew 50 per cent.
Stating that India has enormous potential for generation of electricity from solar and wind power, as well as to increase the use of biomass in energy production, he said: “Finland has a lot of experience, technology and know-how to offer in these areas.”
“For a rapidly growing economy like India, energy and energy security are extremely important. India's energy strategy emphasises a shift from non-renewable energy resources to renewables,” he said.
The Ministry of Employment and the Economy supports Finnish companies' trade relations, exports and internationalisation in Indian market, Mr Keinala said. Today there are over 85 Finnish-owned companies in India. In addition, about 100 Finnish firms work in Indian market through agent or local representative. In Finland over 75 per cent of all renewable energy comes from forests.
More avenues
Potentially interesting sectors for cooperation with Finnish companies are also information technology, modernisation of the energy sector, water and waste water treatment, waste management, biotechnology, nanotechnology and material science.
“Finland is actively developing innovation cooperation between Finland and India by opening a new FinNode Centre in 2011 in Delhi. The new centre in Delhi will provide Finland with better resources to enhance the innovation cooperation between India and Finland,” he added.
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