New Delhi: New Delhi: Indian Renewable Energy Development Agency Ltd's (IREDA) Chairman and Managing Director (CMD), Pradip Kumar Das, on Friday said that green energy will pave the way for a Viksit Bharat. Das was speaking in a panel discussion on "PSU Leaders' Vision: Drafting India's Growth Story Towards 2047" at the 9th National PSU Summit held in New Delhi on Friday.
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Addressing the gathering, Das emphasized that India's journey to achieving the Viksit Bharat vision of becoming a USD 30 trillion economy by 2047 is fundamentally an energy story. He stated that green finance is critical to India's energy security, industrial competitiveness and reduced import dependence.
He noted that India's total power sector investment requirement is estimated at Rs 50 lakh crore by 2032 and Rs 200 lakh crore by 2047 and that development finance institutions must work to de-risk emerging sectors and mobilise broader commercial capital.
Das drew attention to the dispatchability gap as the next critical challenge. While India has achieved 53.7 percent non-fossil installed capacity, non-fossil sources account for only 29.2 percent of actual generation. This makes storage solutions and grid flexibility essential priorities going forward.
He underlined that achieving Viksit Bharat requires development that is both economically strong and environmentally sustainable, with clean air, affordable energy and public wellbeing as equally important measures of progress alongside GDP growth.
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Das identified battery storage, green hydrogen, offshore wind and sustainable mobility as the sectors that will define India's next growth cycle.
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