India positioned as global leader in clean energy supply chain diversification
ECONOMY & POLICY

India positioned as global leader in clean energy supply chain diversification

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


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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement