Skip to content 
Search

Latest Stories

UK minister stresses need to tackle climate crisis at G20

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund

UK minister stresses need to tackle climate crisis at G20

UK minister Andrew Mitchell attended the G20 development ministerial meeting in Varanasi on Monday (12), when the climate and tech partnerships were announced.

The new UK support includes funding for a tech start-up focusing on sustainable agriculture, including through growing vegetables in an environmentallyfriendly way.


Mitchell told the gathering about how the UK’s partnerships and investments are helping tackle the biggest shared challenges of today – including climate change, poverty and food insecurity. The meeting is laying the groundwork to accelerate progress towards the sustainable development goals ahead of the G20 leader’s summit in New Delhi this September.

At the G20, the UK stressed the need to redouble global efforts to tackle the climate crisis and shocks facing the most vulnerable countries.

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund that supports businesses to develop solutions to climate change and create jobs for women in sectors such as clean energy, energy storage and agriculture.

An investment of £12m from the UK government-supported Neev II fund will go to Nutrifresh, an agri-tech start-up enterprise focused on making agriculture more sustainable by growing vegetables in an environmentally friendly way.

Mitchell joined India and G20 partners in calling for reinvigorated efforts to meet the UN’s sustainable development goals.

Last Sunday (11), the minister visited the Chakr Innovation research lab in Gurugram, near Delhi, which is developing cutting-edge tech to tackle climate challenges. The UK-supported lab is now developing innovative batteries for e-vehicles that do not need charging infrastructure and are fully recyclable, providing a cleaner and safer alternative to older lithium tech.

The lab has previously developed devices that capture pollution-causing emissions and convert them to pigment for black inks and paints.

Targeted investments such as these help tackle climate change and support sustainable development, a statement said.

More For You

Asian firm acquires Kings Court Hotel for £2.75m

UK-based Nanak Hotels acquired the 60-room Kings Court Hotel in Warwickshire for £2.75 million. (Photo: Colliers International UK)

Asian firm acquires Kings Court Hotel for £2.75m

UK-BASED Nanak Hotels recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.

Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.

Keep ReadingShow less
Priya Nair becomes first woman CEO in Hindustan Unilever's history

Priya Nair (Photo: Unilever)

Priya Nair becomes first woman CEO in Hindustan Unilever's history

PRIYA NAIR has been appointed as the CEO and managing director of Hindustan Unilever Ltd (HUL), effective from August 1. She will be the first woman to lead the company in its history.

The announcement was made by HUL on Thursday (10). Nair, who currently serves as president, Beauty & Wellbeing at Unilever, will take over the role from Rohit Jawa, who will step down on July 31 to pursue other interests.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy shrinks again in May, hitting Labour’s growth plans

THE UK economy contracted unexpectedly in May, marking the second consecutive monthly decline, according to official data released on Friday. The figures present a challenge for the Labour government as it attempts to revive economic growth.

Gross domestic product fell by 0.1 per cent in May, following a 0.3 per cent contraction in April, the Office for National Statistics (ONS) said in a statement.

Keep ReadingShow less
SBI UK cuts mortgage rates

The bank's commitment to green lending reflects focus on sustainability (Photo: Getty Images)

SBI UK cuts mortgage rates

BANKING major State Bank of India (UK) has cut interest rates on its buy-to-let mortgage products to help landlords reduce borrowing costs.

The bank said the rate cuts would help landlords invest in rental properties and meet growing demand for rental homes across the UK.

Keep ReadingShow less