RailTech Expo 2024

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.
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