Norway - India Business Week
The Modern India (Det Moderne India)
DMI is a business driven climate initiative where the sustainability goals and DEIB are the frameworks of our activities
DMI is thrilled to celebrate two years with our very own Norway - India Business Week! ??
With the eagerly anticipated visit of Prime Minister Narendra Modi to Norway on the horizon, we are excited to mark this milestone by exploring the vast opportunities for business and partnership between Norway and India.
Join us for an exciting week filled with insightful events, captivating speakers, and discussions on unlocking opportunities in the Indian market.
Norway - India Business Week will cover:
Don't miss out on this chance to enter the Indian market and contribute to a sustainable future.
Stay tuned for updates and contact [email protected] or [email protected] for details. ??
Monday 18th: Doing Business in India
Agenda:
Send an e-mail to [email protected] for more information
Tuesday 19th: India in Arctic
India’s role in global politics is on the rise. India’s development trajectory, coupled with its strategic location and non-aligned history, prompts the need to take a closer look at India’s role in the world. For Norway, the Arctic emerges a primary arena for interaction with India. India has an Arctic policy from 2022 and its increasingly expressing an interest in this part of the world, in tandem with its global rise. This poses certain opportunities, but also challenges, for Norway – which defines the area as the country’s most important strategic priority.
The debate will take place at The Conduit at 4pm - 5.30pm. This event in in partnership with Fridtjof Nansen Institute.
Register by sending an e-mail to [email protected]
Thursday 21st: India - A Green Superpower?
From 2010 to 2015, China surpassed the US in announcing more climate policies than any other nation. Meanwhile, India emerged as a global leader in climate policy, unveiling nearly 50 initiatives over the subsequent seven years.
India, now the world's fifth-largest solar market, aims to have solar power account for 30% of its energy generation by 2040. To achieve this, India implemented bold strategies such as the national solar mission, bolstered by federal, state, and local policies to increase solar capacity targets.
Furthermore, India's focus on domestic solar panel manufacturing has led to the creation of new green jobs. By employing a mix of incentives, renewable energy purchase obligations, innovative financing, and other measures, India offers a promising blueprint for other emerging economies striving to transition to clean energy.
We are looking forward to unveiling our esteemed speakers for the upcoming India - A Green Superpower? during Norway - India Business Week.
This is a by invitation only event.
And: we will of course also have a Bollywood party as DMI celebrates its 2-year anniversary????
In March 2023, Norad hosted DMI's inaugural India conference, boasting a speaker lineup with more women than men. Take a look at the speakers for DMI's 2023 conference:
Indo - Nordic Industry Dialogue on Sustainability
After returning from Davos, DMI presented the ‘Indo-Nordic Industry Dialogue on Sustainability’ (INDIS)'s outcome document from Davos to the Norwegian Foreign Ministry, highlighting the ongoing collaboration marked by Summits in 2018 (Sweden), 2022 (Denmark), and the proposed 2024 Summit (Norway).
Key pillars of this cooperation include a focus on renewable and alternative energy, innovation through startups, and new technologies. These elements are pivotal for driving the global energy transition, and the involvement of all stakeholders, both public and private, is crucial for success.
The Outcome Document is a significant step, integrating industrial insights and sustainability expertise into the ongoing Indo-Nordic dialogue. Industry representatives at the First Indo-Nordic Industry Dialogue on Sustainability emphasized the following priorities:
These discussions mark a milestone in our collective journey towards a sustainable future. INDIS proudly achieved a 40% representation of women at our roundtable in Davos.
领英推荐
India to become $10 trillion economy
"India has gone through important reforms and it is well placed vis-a-vis the two largest economies, the US and China. Also, India is seeing a good increase in foreign direct investments, a lot of manufacturing activities are now taking place in India which used to happen in other emerging economies," B?rge Brende said.
He also lauded India's digital competitiveness and said digital trade is growing much faster than traditional goods in the world today.
"India is well placed and it is just a question of time before India becomes the third largest economy in the world after the US and China," he said. On India's role in handling geopolitical conflicts, Brende said, "We will see a larger and larger Indian footprint on the global diplomatic scene in the years to come." Read more here .
Women-led development
Smriti Irani, Minister of Women and Child Development, spearheaded the inauguration of the Women Leadership Lounge at the Davos World Economic Forum.
The activities of DMI are orchestrated within the framework of DEIB. Surprisingly, less than 25% of India's workforce comprises females, and their contribution to the nation's GDP stands at a mere 18%, marking one of the lowest ratios globally. This unexplored potential equates to a substantial economic loss amounting to billions of dollars for the nation. The concerning trend of a dwindling female labor force participation rate necessitates urgent intervention. One exemplary figure leading by example is Kristin Andresen.
As International Women's Day approaches, the guest for our next podcast had to be Kristin Andresen.
Kristin Andresen established The Arts and Crafts Centre in Chandelao in 2005 together with Svein Wilhelmsen. She saw the need and the potential for supporting the women and children in the village with work and education.
Through the?Norwegian family company, Ferd Foundation, she has established several projects over the years that positively impact the village of Chandelao, including Sunder Rang Arts and Crafts Centre, a computer learning centre, a school bus, a water collection project, tree planting, and cleaning of the water reservoirs.
We are looking forward to sharing the podcast with you on March 8th.
Navigating the 'Onlys' Challenge
A diverse and inclusive environment establishes a sense of belonging among employees, making them feel more connected and productive. Organizations that adopt D&I practices see huge gains in the form of business results, innovation, and decision-making.
"Onlys" are individuals who are the sole representatives of their demographic group in a given context.
In a recent study conducted by McKinsey, alarming statistics shed light on the challenging experiences of women who find themselves as the solitary representative of their gender in their professional environments, aptly termed "Onlys".
McKinsey's research reveals that one in every five women reports being an Only at work. This statistic underscores the prevalence of this phenomenon across various industries and organizational structures. Interestingly, McKinsey's findings indicate that this phenomenon is notably more prevalent among senior-level women and those in technical roles. Approximately 40 percent of women in these positions find themselves as Onlys, highlighting the challenges faced by women in leadership and male-dominated fields.
The study delves deeper into the experiences of Onlys, uncovering a significantly worse professional environment compared to women who work alongside other women. Shockingly, more than 80 percent of Onlys report being on the receiving end of microaggressions, with their abilities often being challenged and subject to unprofessional and demeaning remarks. One particularly concerning aspect highlighted by McKinsey is the heightened visibility of Onlys in male-dominated environments. Being the sole representative of their gender can make them stand out, potentially making them targets for bias and discrimination.
The board at DMI is committed to DEIB. Hence, we have had various podcasts with Men who support women. As International Women's Day on March 8th approaches, do take time to listen to the podcasts:
Men who support women #1
Christian Ringnes is a Norwegian businessman and art collector. He is the owner and CEO of the investment company Eiendomsspar AS, which has interests in real estate, finance, and industry.
Ringnes is widely recognized for his unwavering commitment to the arts and cultural preservation and the Artdom project which showcase artists from India.
Ringnes also had a role in the development of the new Munch Museum at Bj?rvika, which opened in 2020. He also?donated more than $70 million for the creation of a large sculpture and cultural park, Ekebergparken, which opened in 2013. The Wall Street Journal ranks it as one of the top five parks in the world.
He has donated millions of Norwegian kroner to support cultural preservation and has been honored with numerous awards. Overall, his impact on the preservation and advancement of Norwegian culture is unparalleled.
We asked Ringes the following questions:?
Listen to the conversation?here .
Men who support women #2
In Norway, many high-profile leaders have supported their wives.
DMI invited
Listen to the podcast here .
Women will drive India's future
"Sustainable development hinges on gender equality. Without it, achieving the Sustainable Development Goals (SDGs) is impossible.
India has experienced a significant demographic shift, with official records now indicating a higher number of females than males. According to recent data from the Indian government, there are now 1,020 women for every 1,000 men. This shift underscores the changing population dynamics.
Women's economic empowerment is intricately linked to poverty reduction, as they often reinvest their earnings into their communities and families' development. Despite this, India's female workforce only contributes 17% to the GDP, a figure that falls significantly below the global average, as estimated by the World Bank.
Among our esteemed guests were:
Listen to our debate on Women and India here . The conversation was moderated by?Ritika Dhall from Norad.?
Let the countdown for International Women's Day begin! This global celebration is a time to honor the achievements of women, acknowledge the progress made toward gender equality, and renew our commitment to empower women and girls everywhere.
Builder | MENA focused> GTM & Growth | Customer Success/Turnaround Pro | Marketing & Brand Strategy Expert | ClimateTech Startup??| Sustainability Passionate | Founder
9 个月The Modern India (Det Moderne India) This seems promising. Will be keen to hear about the outcomes ????