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Bengaluru, 10thÌıJanuary 2025
As part of theÌı18thÌıPravasiÌıBharatiyaÌıDivasÌıConvention, Shri Pradip Kumar Das,ÌıCMD, Indian Renewable Energy Development Agency (IREDA) played a pivotal role as the moderator for theÌıpanelÌıdiscussionÌıtitled “Green Connections: The Indian Diasporaº£½ÇÖ±²¥ Contributions to Sustainable Developmentâ€. The session, chaired by Shri Ashwini Vaishnaw, Hon’ble Minister of Railways, Information & Broadcasting and Electronics & Information Technology, highlighted the significant impact of the Indian diaspora in advancing global sustainability initiatives and fostering green growth.
In his opening address, Shri Vaishnaw underscored Indiaº£½ÇÖ±²¥ significant advancements in renewable energy, focusing on three strategic priorities: increasing the share of renewable energy capacity to about 50% of the countryº£½ÇÖ±²¥ total generation capacity by 2030, attaining self-sufficiency in cutting-edge clean energy technologies such as hydrogen trains, and establishing comprehensive capabilities across the sustainable energy value chain, encompassing green hydrogen production, photovoltaic cell manufacturing, and lithium ion battery development.
TheÌıpanelÌıfeatured distinguished guests from the fields of business & policy making from Mauritius, Norway, Mexico, Vietnam, Switzerland, Nigeria, Sri Lanka, and Canada, along with participation from Shri Kanak Vardhan Singh Deo, Hon’ble Deputy Chief Minister of Odisha, and Shri Sujeet Kumar, Hon’ble Member of Parliament. These global visionaries shared insights on how the diaspora can harness innovative technologies, strategic investments, and international collaborations to drive comprehensive and holistic sustainable development.
CMD,ÌıIREDAÌıset the tone by underscoring Indiaº£½ÇÖ±²¥ leadership in the green energy transition andÌıIREDAº£½ÇÖ±²¥ pivotal role in driving this transformation. With 206 GW of installed renewable energy capacity as of November 2024 and an ambitious target of 500 GW from non-fossil sources by 2030, India stands at the forefront of the global green transition. HighlightingÌıIREDAº£½ÇÖ±²¥ contributions, he emphasized its position as Indiaº£½ÇÖ±²¥ largest pure-play green financing NBFC, managing an asset base of ₹69,000 Crore ($8.3 billion), and achieving ₹2.39 Lakh Crore in cumulative sanctions and ₹1.53 Crore in cumulative disbursements as of Q3 FY25. He also underscoredÌıIREDAº£½ÇÖ±²¥ commitment to best-in-class corporate governance initiatives, further solidifying its leadership in the sector
During theÌıdiscussion,ÌıCMD,ÌıIREDAÌıseamlessly guided the conversation through key themes such as the role of diaspora-driven development & investment in sustainable innovations, the future of green technologies across sectors including agriculture, real estate, battery & green manufacturing, electric mobility, digital, MSME, etc. and global opportunities for collaboration. Need for enhanced collaboration of diaspora with Indian based startups in furthering sustainable agenda was one of the key points highlighted during the session.
In his concluding remarks, Shri Vaishnaw called for leveraging the expertise of the diaspora to strengthen global partnerships, focusing on technology, innovation, and green skills development.ÌıPravasiÌıBharatiyaÌıDivasÌı2025 reaffirmed the critical role of the Indian diaspora in building a sustainable future and highlighted Indiaº£½ÇÖ±²¥ commitment to fostering international cooperation for a greener tomorrow.
