India Presents USD 500 Billion Investment Opportunity in Clean Energy and Green Hydrogen
Key Ideas
- Commerce Secretary Sunil Barthwal highlighted India's investment potential of over USD 500 billion in clean energy, green hydrogen, and EV by 2030.
- The Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore aimed to mobilize investments in sustainable infrastructure and renewable energy projects.
- Indian companies like ReNew Power and Avaada Energy were shortlisted to present energy transition concepts, while startups such as BluSmart and Recykal pitched innovative solutions for climate change.
- The forum led to USD 23 billion investment opportunities in sustainable infrastructure projects in the Indo-Pacific, with plans for further capital deployment in emerging markets.
The Commerce Ministry of India announced that the country presents significant investment opportunities exceeding USD 500 billion in the clean energy sector, including renewables, green hydrogen, and electric vehicles by 2030. Commerce Secretary Sunil Barthwal emphasized this potential during the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore. The forum, attended by top investors, clean economy companies, and startups, focused on attracting investments into sustainable infrastructure and renewable energy projects. The event showcased India's commitment to sustainable development and clean energy transition. Indian companies like ReNew Power and Avaada Energy were selected to present their ideas on energy transition, while startups such as BluSmart and Recykal pitched innovative solutions for climate change. The forum resulted in USD 23 billion investment prospects for sustainable infrastructure projects in the Indo-Pacific region, with plans to deploy capital in emerging markets. Additionally, partnerships and agreements were formed to support the growth of clean economy infrastructure projects, including a renewable energy platform in India. The initiative also aimed to establish India as a global hub for green hydrogen production and export. The forum provided a platform for Indian companies and startups to interact with global investors and seek funding for their projects, highlighting the collaborative opportunities in the clean energy sector.