India Eyes USD 500 Billion Investment, Embraces Green Hydrogen and Clean Economy
Key Ideas
- India offers investment opportunities worth over USD 500 billion by 2030 in the clean energy value chain, including green hydrogen and electric vehicles.
- The Indo-Pacific Economic Framework for Prosperity Clean Economy Investor Forum brought together top investors and companies to mobilize investments in sustainable infrastructure and renewable energy projects.
- The forum resulted in USD 23 billion investment opportunities for sustainable infrastructure projects in the Indo-Pacific region and a commitment of USD 25 billion in infrastructure investments from a coalition of investors.
India is positioning itself for significant investment opportunities, particularly in the clean energy sector, including renewables, green hydrogen, and electric vehicles. Commerce Secretary Sunil Barthwal highlighted these prospects, emphasizing more than USD 500 billion in investments by 2030. The Indo-Pacific Economic Framework for Prosperity Clean Economy Investor Forum, which recently convened in Singapore, aimed to attract investments into sustainable infrastructure and climate technology. The forum showcased Indian companies and startups, shortlisting firms for pitching ideas related to energy transition, waste management, and climate tech solutions. Additionally, the event facilitated discussions leading to USD 23 billion in investment opportunities for sustainable infrastructure projects in the Indo-Pacific region. Notably, the proposed IPEF Catalytic Capital Fund will support the development of clean economy infrastructure projects in emerging economies, with initial grants from countries like Australia, Japan, Korea, and the US. The agreement between Sembcorp Green Hydrogen India, Kyushu Electric, and Sojitz to produce and export green ammonia further reinforces India's commitment to becoming a global hub for green hydrogen production. The initiative aligns with India's National Green Hydrogen Mission and aims to enhance production and exports to Japan. Overall, the forum provided a platform for Indian entities to seek funding and collaboration with global investors, signaling a positive outlook for India's clean energy and green hydrogen sectors.
Topics
Investing
Renewable Energy
Clean Energy
Investment Opportunities
Sustainable Infrastructure
Climate Technology
Economic Alliance
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