India positioned as global leader in clean energy supply chain diversification

17 Oct 2023 CW Team

Sitharaman underscored the alignment between the RISE partnership and India's domestic policy focus on Clean Energy, emphasising the G20 India Presidency's consensus on rapidly increasing renewable energy capacity. She commended Prime Minister Narendra Modi's Global Biofuels Alliance initiative, emphasising its role in fostering international cooperation on sustainable biofuels and clean energy innovation. The New Delhi Leaders Declaration, she noted, advocates tripling global renewable energy capacity by 2030.

India's priorities in the clean energy sector, including solar, offshore wind, green hydrogen, and battery storage, were emphasised. Sitharaman highlighted India's achievement of the previous target of 40% non-fossil fuel-installed electric capacity ahead of the 2030 deadline and the new target of 50%. She emphasised India's commitment to reducing energy storage costs and decreasing emissions intensity by 45% by 2030 compared to 2005 levels.

Sitharaman emphasised India's robust economy and its policy intent at the highest level, asserting that India is well-equipped to strengthen and diversify global supply chains and expand its role in the supply chain of clean energy products. The RISE partnership, an initiative by the World Bank and G7 Japan Presidency, facilitates collaboration between G7 members, developed nations, and low- and middle-income countries, fostering enhanced cooperation on global issues related to supply chain diversification of clean energy products and addressing climate change.

Source: Business Standard

Finance Minister Nirmala Sitharaman, speaking at the launch of the 'Partnership for Resilient and Inclusive Supply-chain Enhancement' during the World Bank-IMF Annual Meetings in Marrakech, Morocco, stated that India is well positioned to bolster and diversify global supply chains. She highlighted India's robust climate initiatives outlined in its Nationally Determined Contributions (NDCs), particularly emphasising the ambitious transition to clean energy.Sitharaman underscored the alignment between the RISE partnership and India's domestic policy focus on Clean Energy, emphasising the G20 India Presidency's consensus on rapidly increasing renewable energy capacity. She commended Prime Minister Narendra Modi's Global Biofuels Alliance initiative, emphasising its role in fostering international cooperation on sustainable biofuels and clean energy innovation. The New Delhi Leaders Declaration, she noted, advocates tripling global renewable energy capacity by 2030.India's priorities in the clean energy sector, including solar, offshore wind, green hydrogen, and battery storage, were emphasised. Sitharaman highlighted India's achievement of the previous target of 40% non-fossil fuel-installed electric capacity ahead of the 2030 deadline and the new target of 50%. She emphasised India's commitment to reducing energy storage costs and decreasing emissions intensity by 45% by 2030 compared to 2005 levels.Sitharaman emphasised India's robust economy and its policy intent at the highest level, asserting that India is well-equipped to strengthen and diversify global supply chains and expand its role in the supply chain of clean energy products. The RISE partnership, an initiative by the World Bank and G7 Japan Presidency, facilitates collaboration between G7 members, developed nations, and low- and middle-income countries, fostering enhanced cooperation on global issues related to supply chain diversification of clean energy products and addressing climate change.Source: Business Standard

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..