India’s clean technology sector is growing rapidly, fueled by sustainability, targets robust policy support, and rising private sector involvement. The country is establishing itself as a global leader in renewable energy, energy efficiency, and green innovation.
India is the world’s third-largest energy consumer and is pursuing bold climate goals:
- net-zero emissions by 2070
- 50% non-fossil electricity by 2030
- significant emission reductions across sectors
These targets are driving demand for advanced solutions in smart grids, energy storage, green hydrogen, and related technologies.
Canadian firms can leverage $150 to 200 billion in annual clean energy investments, strong policy incentives, and initiatives. An example of such an initative is the Bharat Cleantech Manufacturing Platform, which supports solar, wind, hydrogen, and battery storage manufacturing.
India’s growing industrial base offers high-potential opportunities for decarbonization technologies, as companies adopt low-carbon solutions to meet sustainability commitments and comply with tightening regulations.
India is a natural and strategic destination for Canadian clean tech companies because of:
- massive market size: one of the fastest-growing clean energy markets globally
- technology adoption: strong appetite for innovative solutions in renewables, storage, and efficiency
- robust ecosystem:
- academic research institutions
- incubators and accelerators
- government-backed innovation hubs
- large private sector players and global partnerships
- policy push: clear long-term sustainability targets