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Pravasi Bharatiya Divas 2025: IREDA CMD Highlights Diaspora's Role in India’s Green Energy Transition

Indian Renewable Energy Development Agency’s (IREDA) CMD Pradip Kumar Das highlighted how the Indian diaspora can contribute in advancing global sustainability through investments, innovations, and collaborations in renewable energy and green technologies at Pravasi Bharatiya Divas 2025.

January 10, 2025. By Mrinmoy Dey

As India’s largest pure-play green financing NBFC, Indian Renewable Energy Development Agency (IREDA) manages an asset base of INR 69,000 crore, and achieving INR 2.39 lakh crore in cumulative sanctions and INR 1.53 lakh crore in cumulative disbursements as of Q3 FY25 said its CMD Pradip Kumar Das at the 18th Pravasi Bharatiya Divas Convention, held in Bhubaneshwar.

He was moderating a panel discussion titled ‘Green Connections: The Indian Diaspora’s Contributions to Sustainable Development’. The session, chaired by Ashwini Vaishnaw, Minister of Railways, Information and Broadcasting, and Electronics and Information Technology, highlighted the significant impact of the Indian diaspora in advancing global sustainability initiatives and fostering green growth.

In his opening address, Vaishnaw underscored India’s significant advancements in renewable energy, focusing on three strategic priorities – increasing the share of renewable energy capacity to about 50 percent of the country’s 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.

The IREDA CMD set the tone of the discussion by underscoring India’s leadership in the green energy transition and IREDA’s 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,” he said.

He guided the conversation through key themes such as the role of diaspora-driven development and investment in sustainable innovations, the future of green technologies across sectors including agriculture, real estate, battery and 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.

The panel featured guests from the fields of business and policy making from Mauritius, Norway, Mexico, Vietnam, Switzerland, Nigeria, Sri Lanka, and Canada, along with participation from Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, and Sujeet Kumar, a Member of Parliament.

They shared insights on how the diaspora can harness innovative technologies, strategic investments, and international collaborations to drive comprehensive and holistic sustainable development.

In his concluding remarks, Vaishnaw called for leveraging the expertise of the diaspora to strengthen global partnerships, focusing on technology, innovation, and green skills development.

Pravasi Bharatiya Divas 2025 reaffirmed the critical role of the Indian diaspora in building a sustainable future and highlighted India’s commitment to fostering international cooperation for a greener tomorrow.
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