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
Infrastructure Transport

India to Form Consortium, Launch Bharat Shipping Line to Boost Trade Ties

India plans to establish a consortium involving equity participation by public sector enterprises to bid for operating overseas port asset. The stakeholders in this entity, tentatively named Bharat Global, will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI). A senior official remarked, “The consortium will replicate the Chabahar port model in other strategic locations.” India also plans to operationalise Bharat Container Shipping Line as a vertical within SCI to mitigate global trade disruptions. The move ali..

Next Story
Infrastructure Energy

NTPC Group Reaches 350 BU Mark in 295 Days, 11 Days Before FY24

NTPC Group has set a new record in power generation, achieving 350 Billion Units (BU) of electricity production in the financial year 2024-25. This milestone was reached on January 20, 2025, marking the fastest accomplishment of this scale in the company’s history. It was achieved in just 295 days, which is 11 days earlier than the same milestone achieved in the previous financial year on January 31, 2024. The company boasts an installed capacity of 76.5 GW and has 29.5 GW of capacity under construction. This includes 9.6 GW of renewable energy projects, highlighting NTPC's focus on clean e..

Next Story
Infrastructure Transport

Indian Railways Collaborates with Sparsh CCTV for Station Security

Sparsh CCTV, a leader in electronic surveillance, has teamed up with Indian Railways to enhance security and operational efficiency for the newly inaugurated Jammu Railway Division. This partnership coincides with the launch of three new trains, marking a historic step in improving connectivity between Kashmir and the rest of India. Sparsh CCTV previously played a key role in securing the Maha Kumbh at Prayagraj, ensuring the safety of millions of pilgrims. Sparsh’s comprehensive surveillance solutions have been vital in the success of the Udhampur-Srinagar-Baramulla Rail Link (USBRL), a pr..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000