India keen to meet climate goals: £972bn plan to boost economy and tackle climate change
India’s £972bn infrastructure plan to meet climate goals and boost economy
India is set to spend 100trn rupees (£972bn) on a national infrastructure plan to boost economic growth and help the country meet its climate goals, according to a report in Sky News.
Speaking as part of Independence Day celebrations in Delhi, Indian Prime Minister Narendra Modi said the programme will create job opportunities for thousands of young people and help local manufacturers turn globally competitive.
Mr. Modi also talked about expanding the use of cleaner fuels, and further investment in electric mobility, solar energy and “green hydrogen” in order for the country to become energy independent by 2047. India will mark 100 years of independence in 2047.
“India is moving fast towards achieving its climate goals,” he said.
The Cambridge Cleantech take:
India’s investment in tackling climate change while boosting economic growth presents a unique opportunity for cleantech businesses everywhere. In partnership with the Foreign and Commonwealth Development Office (FCDO), Cambridge Cleantech recently ran an intensive 3 month accelerator programme Act4Green in which 24 cleantech startups, 16 from India and 8 from the UK, were trained to get them investment-ready. The top 6 companies then went on to pitch before an audience of international sustainability investors. We’re excited to see the Act4Green cohort and other cleantech companies grow with the rising demand for solutions to help meet India’s climate goals.
Interested in scaling your company internationally?
We have a Special Interest Group (SIG) just for that! Our Internationalisation SIG offers cleantech companies advice on how to scale to markets such as the United States, India, China and Latin America. Watch a recording of the latest webinar from this Special Interest Group here.