Lok Sabha Question No. 5254 (UNSTARRED), answered on 2025-04-02
Subject: India's Leadership Globally
Ministry: PLANNING
Asked by: Shri Devusinh Chauhan, Shri Bunty Vivek Sahu

## GOVERNMENT OF INDIA MINISTRY OF PLANNING

## LOK SABHA

## UNSTARRED QUESTION NO. 5254 TO BE ANSWERED ON 02.04.2025

## INDIA'S LEADERSHIP GLOBALLY

## 5254.  SHRI DEVUSINH CHAUHAN:

## SHRI BUNTY VIVEK SAHU:

Will the Minister of PLANNING be pleased to state:

- (a) the steps taken/being taken by the Government to promote India's leadership in renewable energy at the global level and the manner in which the Government plans to attract foreign investment in this sector;
- (b) the manner in which the Government plans to incentivize increased private sector investment in research and development, as discussed in the NITI Aayog conclave;
- (c) the manner in which the Government plans to balance strategic partnerships with both the Global South and North to strengthen India's economic and diplomatic position; and
- (d) whether any legal reforms are being considered to improve the ease of doing business and attract foreign direct investment in critical sectors and if so, the details thereof?

## ANSWER

MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE MINISTRY OF CULTURE

## (RAO INDERJIT SINGH)

- (a): The Government of India has taken several steps and initiatives to promote the country's leadership in renewable energy at the global level and attract foreign investment. These inter-alia include: -
1. India's Nationally Determined Contributions (NDCs) stipulate a target of 50% non-fossil based electric capacity by 2030. India is among the first few countries on track to achieve the commitment. India also has an ambitious target of 500 GW of non-fossil fuel-based capacity by 2030.

2. India  showed  global  leadership  in  promoting  adoption  of  renewables  by  launching  the International  Solar  Alliance  (ISA),  and  the  Global  Biofuel  Alliance  (GBA).  ISA  has expanded  to  a  coalition  of  123  member  countries  to  promote  the  deployment  of  solar energy across the world.
3. India also launched the National Green Hydrogen Mission, with a target of producing 5 million tonnes per annum by 2030 to make India a Green Hydrogen Hub.
4. India has allowed 100% Foreign Direct Investment (FDI) under the automatic route for renewable energy projects. The Government has also promoted Green Energy Corridor to facilitate evacuation of RE power where foreign investment is involved.
4. (b):     The Conclave recognized the need for greater private sector investment in research and development, but NITI Aayog did not propose any specific plan to incentivize it.
5. (c): The Government has taken various steps to balance partnerships with Global South and North to strengthen India's economic and diplomatic position. These inter-alia include: -
1. Engagement with the Global South through development cooperation, addressing shared challenges  like  climate  change,  digital  inclusion  and  poverty.  Simultaneously,  there  is partnership  with  the  Global  North  on  economic  growth,  technology  sharing,  and  policy governance.    India  has  a  strong  development  partnership  program  with  Global  South countries under which the government extends line of credits, grants as well as capacity building training programs.
2. India is showing leadership in demonstrating that economic growth can be achieved in a manner consistent with climate commitments.  India is also championing the concerns of the global south, as demonstrated in COP 29. In the recent COP 29, India highlighted that Global  North  needs  to  do  more  in  providing  necessary  finance  to  enable  Global  South tackle climate change.
3. India  launched  Mission  Lifestyle  for  Environment  (LiFE)  at  the  COP  26,  which recognises that Indian culture and living traditions are inherently sustainable. It seeks to channel  the  efforts  of  individuals  and  communities  into  a  global  mass  movement  of positive behavioural change in both global North & South.
4. During India's G20 Presidency, India took the initiative to welcome the African Union as a  permanent  member  of  the  G20.  Further,  the  Government  has  pioneered  several initiatives  including  the  International  Solar  Alliance  (ISA),  Global  Biofuel  Alliance (GBA), and Coalition for Disaster Resilient Infrastructure (CDRI).

- (d): During the Conclave, it was acknowledged in general that the Legal reforms are pivotal in attracting  investment  and  ease  of  doing  business.  However,  no  specific  reform  was prescribed or proposed by NITI Aayog.

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