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

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?