New Delhi, May 22 (IANS). India’s industrial energy transition could unlock carbon emission reduction opportunities worth $100 billion by 2030. This information was given in a new report.
According to the joint report by TDK Ventures and Theia Ventures, the region is still severely short of capital – current funding is less than half (40 percent) of the levels seen in more developed economies.
The report highlighted industrial decarbonization not only as a climate goal, but also as a strategic safeguard.
Currently, India faces an energy import bill of $140 billion annually, making the country vulnerable to geopolitical shocks such as the Middle East crisis.
The report said the industrial energy transition is a path to building a “robust economy” that will protect the country from disruptions in global supply chains.
The report analyzed three key areas of greatest impact for technology and investment, including long-term energy storage, industrial IoT and digital twins, and energy efficiency.
Ravi Jain, Investment Director, TDK Ventures, said, “India’s journey to reduce carbon emissions is not limited to just increasing renewable energy capacity. It also depends on how efficiently energy is used in industry. We see a generational investment opportunity in developing energy storage systems, implementing industrial intelligence at large scale and advancing efficiency technologies.”
Jain further added, “This opportunity is huge, capital tight and growing rapidly. We are committed to being a long-term partner to the entrepreneurs leading it.”
“This report is designed to cut through the clutter and provide entrepreneurs and capital allocators with a practical and concrete view of where the most impactful opportunities lie and what will be needed to realize them at scale,” said Priya Shah, Founder and General Partner, Theya Ventures.
Most importantly for entrepreneurs and capital allocators, the report said, cost efficiency rather than mere regulatory compliance formalities will drive this transformation over the next decade, as industries move forward with localised, cheaper materials.
–IANS
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