The Industrial Transition Accelerator (ITA) has launched its India Project Support Programme and released the India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed with Boston Consulting Group (BCG). The initiative seeks to accelerate investment-ready decarbonisation projects and drive low-carbon growth across India’s key industrial sectors. A global multi-stakeholder initiative launched at COP28, the ITA’s new programme aims to fast-track flagship industrial projects in sectors such as chemicals, steel, cement, aluminium, aviation, and shipping, supporting India’s transition to clean, sustainable growth. India’s Clean Industrial Potential The India Insights Briefing, created in collaboration with BCG, highlights India’s vast clean industrial opportunity. It identifies a pipeline of 65 commercial-scale projects with potential investment exceeding USD 150 billion (around Rs 12.5 trillion), capable of abating 160–175 million tonnes of CO? equivalent each year and generating over 200,000 direct and indirect jobs. According to the report, India has the world’s third-largest pipeline of low- and near-zero-emission industrial projects, following China and the US — underscoring the country’s growing leadership in sustainable industrial development. However, only six projects have reached the Final Investment Decision (FID) stage so far. Challenges such as uncertain clean demand, high capital costs, regulatory delays, and under-developed infrastructure continue to slow progress. Driving Execution and Investment The ITA’s India Project Support Programme aims to overcome these barriers by aligning policy, finance, and demand to move flagship projects toward bankable status. James Schofield, Managing Director of the Industrial Transition Accelerator, said, “India’s industrial transition is crucial to both its domestic growth and the global decarbonisation effort. With one of the largest project pipelines worldwide, the challenge now lies in execution. This programme will help unlock demand, de-risk finance, and fast-track projects that can cement India’s leadership in clean manufacturing.” Sumit Gupta, APAC Leader – Climate and Sustainability Practice, Boston Consulting Group, noted, “India stands at a pivotal moment in the global clean industrial transformation. The ITA India Project Support Programme can help mobilise stakeholders and accelerate the next wave of investment-ready projects across clean fuels, green materials, and emerging manufacturing value chains.” Yash Kashyap, India Lead at ITA, added, “The next 24 months will determine which of India’s clean industry projects move from plans to plants. Our focus is on integrating demand, finance, and infrastructure to make these projects investment-ready.” Building a Foundation for Clean Growth Through the India Project Support Programme, ITA will promote clean demand creation through voluntary and regulatory measures, enhance project viability via blended finance and de-risking mechanisms, and support shared infrastructure for hydrogen and carbon networks. The programme will run through 2026, preparing selected projects for investment while strengthening the broader clean industrial ecosystem.