
1 Sept 2024
Strengthening India’s Clean Energy Supply Chains: Building Manufacturing Competitiveness in a Globally Fragmented Market
India has committed USD 4.56 billion (INR 36,492 crore) through PLI schemes to catalyse clean energy manufacturing. By 2030, the global clean energy market is expected to reach USD 640 billion annually, with India’s share projected at USD 40 billion (6%). This report outlines how India can reduce import dependence, capture high-value segments in solar, wind, and batteries, and position itself as a globally competitive hub amid China’s dominance and shifting geopolitical supply chains.