New Delhi:
In a significant address at the India Energy Week 2025, Prime Minister Narendra Modi underscored India’s pivotal role in the global energy landscape, highlighting the country’s aggressive push towards renewable energy and its far-reaching implications. The event, which is the second-largest energy gathering globally, covering over 1 lakh square meters and featuring extensive ministerial and CEO participation, served as a platform to showcase India’s energy ambitions and investment opportunities.
Prime Minister Modi emphasized India’s commitment to achieving substantial renewable energy targets, aligning with the country’s broader vision of sustainable growth. At the forefront of these ambitions is the goal to add 500 GW of renewable energy capacity by 2030, a target that is central to India’s energy strategy and its commitment to the Paris Agreement.
India’s energy goals are multifaceted and ambitious. In addition to the 500 GW renewable energy target, the country aims to achieve net zero carbon emissions for Indian Railways by 2030. Furthermore, India is targeting the production of 5 million metric tons of green hydrogen annually by the same year, a move that underscores its commitment to clean energy and reducing carbon footprints.
Over the last decade, India has made remarkable strides. The country has grown from the 10th largest to the 5th largest economy globally, with its solar energy generation capacity increasing 32 times, making it the third-largest solar power generating nation. India is also the first G20 country to meet its carbon emission reduction targets set by the Paris Agreement and has tripled its non-fossil fuel energy capacity.
India’s economic strength, political stability, and strategic geography are key drivers of its energy ambitions. The country is harnessing its resources, encouraging innovation, and leveraging its economic prowess to drive growth. The government’s initiatives, such as the Global Biofuels Alliance involving 28 nations and 12 international organizations, and the expansion of gas infrastructure, are further bolstering India’s energy mix.
The current budget includes significant support for green energy, with exemptions from basic customs duty for items related to EV and mobile phone battery manufacturing. The National Critical Minerals Mission is another crucial initiative aimed at building a robust supply chain for critical minerals, essential for the country’s renewable energy sector.
The energy sector is expected to create new job opportunities for the youth, particularly in the green energy domain. The PM Suryagarh Free Electricity Scheme, for instance, is not only increasing investment opportunities but also developing new skills in the solar sector and creating a new service ecosystem.
In summary, India’s energy sector is on the cusp of a significant transformation, driven by ambitious targets, strategic initiatives, and a commitment to global sustainability. As the country moves forward, it is poised to play a leading role in the global transition to clean and renewable energy.
