In News:

Union Minister of Commerce & Industry Shri Piyush Goyal launches Bharat Cleantech Manufacturing Platform.

Bharat Cleantech Manufacturing Platform:

• Objective: Strengthen India's cleantech value chains, especially in solar, wind, hydrogen, and battery storage sectors.
• Platform Features:
  • Aims to promote collaboration, co-innovation, and knowledge-sharing among Indian firms.
  • Focus on scaling up manufacturing, sharing ideas, technologies, and resources.
  • Acts as a financing platform for the cleantech sector.
  • Designed to position India as a global leader in sustainability and cleantech innovation.

India's Clean Energy Commitment:

• Target: 500 GW of clean energy capacity by 2030.
• India has been a front-runner in fulfilling its Nationally Determined Contributions (NDCs) under the Paris Agreement and UNFCCC.
• Early Achievement: India achieved its 2022 renewable energy target of 200 GW, 8 years ahead of schedule.
• Largest Interconnected Grid: India boasts the world’s largest interconnected power grid, enhancing its renewable energy distribution capacity.
• Gujarat is a pioneer in solar power adoption in India.

Union Minister Shri Piyush Goyal's Views:

• On Product-Linked Incentives (PLIs):
  • PLIs and subsidies are seen as short-term aids; long-term growth of the clean energy sector depends on it becoming self-sustaining.
  • Urged Indian firms to innovate and scale up manufacturing within the country.
• On Clean Energy and Sustainability:
  • Stressed the importance of innovation and collaboration to achieve sustainability goals.
  • India aims to attract international investors by creating a compelling business case for cleantech investments.
• 3S Approach (Speed, Scale, and Skill): Key to implementing India's renewable energy program, emphasizing rapid deployment, large-scale adoption, and skill development in the sector.

Bharat Climate Forum 2025:

• Event Objective: A platform for policymakers, industry leaders, and stakeholders to discuss climate action, clean energy, and India’s role in global climate goals.
• Key Focus Areas:
  • Aligning India’s clean energy initiatives with global climate goals (UNFCCC, Paris Agreement).
  • Emphasizing India’s early achievements in clean energy adoption.
  • Promoting sustainable development and clean energy solutions.

India's Performance in Renewable Energy:

• India’s progress has been commendable in meeting its climate targets and setting up clean energy capacity ahead of schedule.
• The government’s initiatives, led by Prime Minister Narendra Modi, have made solar power affordable and scalable through transparency in auctions, competitive bidding, and speed in project implementation.