India Launches Bharat Cleantech Manufacturing Platform to Drive Innovation and Collaboration
Key Ideas
  • Commerce minister Piyush Goyal introduced the 'Bharat Cleantech Manufacturing Platform' in New Delhi to foster collaboration and innovation in sectors like solar, wind, hydrogen, and battery storage.
  • The platform aims to unite stakeholders for financing, sharing ideas, and resources, with a focus on making India a global leader in sustainability and cleantech.
  • Goyal emphasized the need for the cleantech sector to be self-sustaining without relying on production linked incentives (PLIs) and subsidies, promoting long-term growth and development.
  • India's cleantech sector has seen a surge in startups addressing environmental challenges, attracting significant investments and poised to be a $41 billion market opportunity by 2040.
Commerce minister Piyush Goyal announced the launch of the 'Bharat Cleantech Manufacturing Platform' in New Delhi. The platform aims to bring together stakeholders from policy, industry, finance, and research to drive cleantech manufacturing in sectors like solar, wind, hydrogen, and battery storage. Goyal highlighted the importance of fostering innovation and increasing manufacturing scale in India. The platform seeks to offer avenues for financing and collaboration, ultimately positioning India as a global leader in sustainability. Goyal also emphasized the sector's need to be self-sustaining, advocating against excessive reliance on production linked incentives (PLIs) and subsidies for long-term growth. The Indian cleantech ecosystem has witnessed a surge in startups focusing on eco-friendly solutions, ranging from electric vehicles to organic waste management. With significant investments pouring in and government support, the sector is poised for substantial growth, with projections indicating a $41 billion market opportunity by 2040.
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