The GoI has undertaken a strategic initiative by launching the NMM, aligning it with the NDC, existing policy frameworks, and schemes, while actively promoting the MSMEs and start-ups.

The mission’s success will depend on robust execution, which, if achieved, could substantially reduce import dependency, enhance employment in the cleantech sector, and position India as a leading exporter of clean technology solutions.

• The power, industry, and transport sectors contribute nearly 90% of India's carbon dioxide (CO2) emissions. The Government of India (GoI) has initiated several measures to curb these emissions, including the promotion of renewable energy (RE), Green Hydrogen, and electric vehicles (EV) through targeted schemes and policies.
• While India has made notable strides in transitioning to clean energy within the power sector, substantial efforts are still required to achieve its 2030 goals—particularly in scaling up Green Hydrogen production and accelerating the adoption of electric vehicles.
• Another pressing issue is the country's substantial dependence on imports for key clean-energy technologies—such as solar photovoltaic modules, battery storage systems, and advanced wind turbine components—with import reliance ranging between 20% and 90%.

Source: CIEU, ICRA Research