UK to invest $1.2 bn in India for renewable energy projects

03 Sep 2021 CW Team

On Thursday, during the 11th Economic and Financial Dialogue (EFD), the UK government announced a $1.2 billion package for public and private investment in India’s renewable energy projects.

The UK government told the media that the announcement, which comes ahead of the UK hosting the COP26 climate conference in November, would likely help push India's green growth.

The package includes a $1 billion investment from CDC, the UK’s development finance company in renewable projects in India and joint investments by both governments to encourage firms working on innovative green tech solutions. The package also comprises a new $200 million private and multilateral investment into the joint Green Growth Equity Fund, which invests in Indian renewable energy.

Both nations have also welcomed the Climate Finance Leadership Initiative (CFLI) launch, which will be led by a group of leading financial companies accountable for $6.2 trillion of assets and chaired by the UN Special Envoy on Climate Ambition and Solutions, Michael Bloomberg.

UK Finance Minister Rishi Sunak told the media that these significant new agreements would enhance the India-UK relationship and deliver for both nations.

He added that with trade negotiations coming up, India and the UK's agreement to be ambitious regarding services would generate employment investments in both nations.

The UK-India bilateral trade reached over £18 billion in 2020 and helped about half a million jobs in the two economies. Both the countries intend to double mutual trade by 2030, by negotiating a Free Trade Agreement.

The UK, at the Economic and Financial Dialogue on Thursday, welcomed the recent decision of India to lift the Foreign Direct Investment (FDI) cap in the insurance sector from 49% to 74%, which will boost British companies to take greater ownership of their operations in India.

Image Source

Also read: India urges US investors to invest in country’s energy sector

Also read: UK willing to collaborate with India on green hydrogen

On Thursday, during the 11th Economic and Financial Dialogue (EFD), the UK government announced a $1.2 billion package for public and private investment in India’s renewable energy projects. The UK government told the media that the announcement, which comes ahead of the UK hosting the COP26 climate conference in November, would likely help push India's green growth. The package includes a $1 billion investment from CDC, the UK’s development finance company in renewable projects in India and joint investments by both governments to encourage firms working on innovative green tech solutions. The package also comprises a new $200 million private and multilateral investment into the joint Green Growth Equity Fund, which invests in Indian renewable energy. Both nations have also welcomed the Climate Finance Leadership Initiative (CFLI) launch, which will be led by a group of leading financial companies accountable for $6.2 trillion of assets and chaired by the UN Special Envoy on Climate Ambition and Solutions, Michael Bloomberg. UK Finance Minister Rishi Sunak told the media that these significant new agreements would enhance the India-UK relationship and deliver for both nations. He added that with trade negotiations coming up, India and the UK's agreement to be ambitious regarding services would generate employment investments in both nations. The UK-India bilateral trade reached over £18 billion in 2020 and helped about half a million jobs in the two economies. Both the countries intend to double mutual trade by 2030, by negotiating a Free Trade Agreement. The UK, at the Economic and Financial Dialogue on Thursday, welcomed the recent decision of India to lift the Foreign Direct Investment (FDI) cap in the insurance sector from 49% to 74%, which will boost British companies to take greater ownership of their operations in India. Image Source Also read: India urges US investors to invest in country’s energy sector Also read: UK willing to collaborate with India on green hydrogen

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Technology

13 May 2026

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Infrastructure Urban

13 May 2026

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..