In India, the Union New and Renewable Energy Minister Pralhad Joshi announced in the Lok Sabha that the country is currently producing over 200 GW of renewable energy, with plans to increase this capacity further by adding another 430 GW in the pipeline. The government aims to achieve a target of 500 GW of installed electric capacity from non-fossil sources by 2030. To support this goal, the government has significantly ramped up its investment in renewable energy, with a 500% increase in the last decade and plans to further boost investment to Rs 1.60 lakh crore in the upcoming years. Various initiatives have been introduced to promote renewable energy, such as waiving ISTS charges for inter-state sale of solar and wind power, encouraging Green Hydrogen Projects till December 2030, allowing 100% FDI under the automatic route for renewable energy projects, and approving the Viability Gap Funding (VGF) scheme for offshore wind energy projects. The Union Cabinet has also given the green light to the VGF scheme specifically for offshore wind energy projects, with a target to install and commission 1 GW of offshore wind energy projects, indicating a strong commitment to accelerating renewable energy development in India.