Gold
Domestic Composite Materials Industry to Reach $2.8 Bn by 2030
India's Renewable Energy Capacity Hits 217.62 GW in 2024
India’s non-fossil fuel energy capacity has reached 217.62 GW as of January 20, 2025, driven by unprecedented additions of 24.5 GW in solar capacity and 3.4 GW in wind capacity during 2024, according to official data. This milestone marks a significant step toward India’s ambitious goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. Solar energy dominated the renewable mix, accounting for 47% of total installed capacity. Utility-scale solar installations saw remarkable growth, with 18.5 GW added in 2024—a 2.8-fold increase compared to 2023. Rajasthan, Gujarat, and Tamil..
IH2A Proposes $2.5 Billion Boost for Green Hydrogen Mission
The India Hydrogen Alliance (IH2A) has recommended an additional $2.5 billion allocation to the National Green Hydrogen Mission (NGHM), complementing the existing $2.3 billion. The proposal seeks to address delays in project development and a lack of offtake agreements, accelerating the creation of a robust green hydrogen economy in India. IH2A’s submission to the government underscores industry concerns about high green hydrogen costs, which hinder long-term commitments from key sectors such as refineries, fertilizers, steel, chemicals, and heavy-duty transport. To overcome these challenge..
PSU Consortium to Bid for Overseas Port Operations
India is planning to establish a consortium with equity participation from public sector enterprises to bid for operating port assets abroad, senior officials have revealed. The consortium, tentatively named Bharat Global Ltd., will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI). Additionally, India will operationalise Bharat Container Shipping Line as a new vertical within SCI to mitigate global trade disruptions. According to officials, the consortium will follow the strategic model of Chabahar Port and expand op..
