India’s energy transition has a very large end-to-end dimension and the government is working towards the goal of meeting the country’s energy need with a clean source. This was stated by Union Minister of Commerce & Industry, Consumer Affairs, Textiles and Food & Public Distribution Shri Piyush Goyal at the ORF's first edition of the Energy Transition Dialogue in New Delhi today.
Goyal said that for the next 30 years, India is going to see huge amount of growth in the economy and that is going to lead to significant demand for energy in all walks of life and so India’s energy transition has two dimensions: transit from the past consumption levels and what we do to meet the needs of this growth. In the circumstances that we are in, India has been upping its targets on almost every aspect of the energy transition story, by getting clean energy into the system, he said, adding that India is working on many fronts. Citing some examples, Shri Goyal said that India is supporting the production of clean energy equipment and opening to transition to green hydrogen and ammonia. One of the key initiatives of the government has been the production linked incentive programme, which has worked very well, he said, adding that it is a well thought out, well-crafted government policy to promote manufacturing in India. PLI scheme is not only for mobile phones, it's across several sectors - auto components, speciality skills, technical textiles and so on. In green energy, India has some investments coming in for solar, highly efficient solar PV manufacturing, and in manufacturing green hydrogen, he said.
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