Eight global businesses commit to a new India by 2022

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Mumbai: Over 300 leaders from business, the start-up community, academia, research institutions and government came together at the Xynteo Exchange/India2022, hosted by TechnipFMC, in Mumbai. The day-long conference was attended by leaders from some of the largest businesses in India and Europe.

The Exchange saw global leaders discuss a new leadership role that businesses can play in India’s growth story.

In a free-flowing conversation, Mr. Harry Brekelmans, Projects and Technology Director and Member of the Executive Committee, Royal Dutch Shell Plc, and Osvald Bjelland, Chairman and CEO, Xynteo spoke about the need for deeper collaboration across industries. They urged the private sector to create new technologies and projects that can strengthen systems to bring about transformation in India.

Mr. Sanjiv Mehta, Chair of the India2022 Coalition, and CEO and Managing Director, Hindustan Unilever Limited (HUL) said, “The India2022 Coalition is looking at a long-term value approach, where collectively, we are scaling existing projects and building new interventions, that are at the intersection of societal needs and commercial opportunity.”

Subhashini Chandran, Managing Director, Xynteo India said, “We are bringing together talent, ideas and capital to accelerate projects in India. Experts from each of our partner organisations work collaboratively with Xynteo teams, to develop projects in energy, waste, sanitation, healthcare, and sustainable mining.”

The India2022 Coalition is working on four impact tracks. The energise track, led by Shell and supported by TechnipFMC and GE; waste and sanitation led by Hindustan Unilever; healthcare led by Cyient; and sustainable mining led by Hindalco – Aditya Birla Group.

The energise impact track is focused on energy access, bio-fuels, rural electrification, waste to energy and hybrid systems, aiming to develop and accelerate cleaner and efficient commercial solutions. Within the waste and sanitation track, the coalition is working towards realizing the lost value of plastic packaging: a 100 billion dollar a year opportunity globally. The healthcare track aims to advance medical diagnostics, which are disruptive and affordable, across all demographics. And the ambition for the sustainable mining track is to create a future ready business model and best-in-class sustainable practices.

Thierry Pilenko, Executive Chairman, TechnipFMC, host partner of the Exchange said, “Collaboratively with Shell and GE we are committed to building a sustainable and commercial energy system to accelerate the country’s energy transition with innovative and efficient technology solutions: advanced biofuels, waste and plastic to energy.”

To further the work in these areas, four studios, hosted by the India2022 partners were convened at the Exchange. Those present worked together with experts, legislators and innovators to incubate ideas for commercial solutions that followed the India2022 impact track themes. The Exchange closed with partners reinforcing their commitment to harness the power of collaboration and accelerate growth by the 75th year of India’s independence.