Reasons To Invest in India
- India targets 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources by 2030.
- India aims to reach a non-fossil fuel energy capacity of 500 GW by 2030.
- Solar Power tariff reduced by more than 75% using plug and play model.
- India planning to have a capacity of 30,000 MW of Offshore wind and manufacture of high efficiency solar cells and modules of which India is going to set up 50,000 MW capacity.
- Indian Government aims to have a total investment of INR 8 lakh crores in green hydrogen, and production could be 5 MN tons by 2030. The fuel will be used to replace 25% of ‘grey’ hydrogen, created using natural gas or methane, within 5 years.
- India, US, China and Brazil are in consultation to form a ‘Global Biofuels Alliance’ to explore opportunities for cooperation and intensifying use of sustainable fuels, particularly in the transportation sector.
- Adoption of clean cooktop fuels, such as use of solar cooktops will give a boost to green and clean cooking and more than 3 crores households will have access to such cooktops in the next 2-3 years.