India is one of the world's fastest growing energy markets, with demand projected to more than double by 2040. Despite progress on the energy transition, India remains heavily reliant on coal and imported oil and natural gas, making energy security a core policy priority. Clean energy opportunities span renewable power generation, energy storage, critical minerals and battery supply chains, and related digital solutions that support the energy transition.
Clean technology and energy transition market in India
Industry highlights
4th largest importer of liquefied natural gas (LNG) worldwide
$1.4 trillion invested in Infrastructure through 2025
2nd largest consumer of liquefied petroleum gas (LPG) worldwide
Key opportunities for Canadian clean technology and energy transition companies in India
- Clean energy: Opportunities include renewable power generation, energy storage, critical minerals and battery supply chains, and related digital solutions that support the energy transition.
- Water and wastewater: India's rapid urbanization and industrial growth are driving demand for water and wastewater technologies. Less than 50% of wastewater is treated in India, creating opportunities for technologies such as:
- membrane filtration
- leak detection
- biological treatment
- water reuse, digital and smart water management
- contaminant removal
India’s business landscape
India remains heavily reliant on coal and imported oil and natural gas, making energy security a core policy priority. Ongoing conflict and instability in the Middle East have increased India's exposure to supply disruptions and price volatility. This has reinforced the importance of diversifying energy sources, securing long-term supply arrangements, and strengthening domestic energy resilience across conventional and low-carbon fuels.
Municipalities and industry are seeking to improve water efficiency and treatment capacity through investments in water and wastewater infrastructure. These opportunities are particularly relevant as Indian cities seek solutions to address air quality, water security, waste management, energy efficiency, and climate resilience as part of broader urban development strategies.
Summary
India is an attractive market for Canadian clean technology and energy transition companies. Given its growing energy demand, focus on energy security, and increasing need for clean energy, water, and wastewater solutions, India presents significant opportunities for Canadian suppliers.
Contact us
For more information on clean technology and energy transition in India, please contact india.commerce@international.gc.ca.
