Ahmedabad: Against the backdrop of India’s aggressive push to decarbonize its power grid, a high-level strategic roundtable focused on mobilizing international capital for the renewable energy sector was held today at Gift City, Ahmedabad.
Chaired by Shri Santosh Sarangi, Secretary of the Ministry of New and Renewable Energy (MNRE), the session aimed to bridge the financing gap required to meet the nation’s ambitious target of 500 GW of non-fossil fuel capacity by 2030.
The event, jointly organized by the MNRE and the International Financial Services Centres Authority (IFSCA), served as a collaborative platform for policymakers, multilateral institutions, and global financial leaders. Participants explored specialized mechanisms to accelerate the flow of green capital into the Indian market, emphasizing the role of Gift City as a growing hub for international climate finance.
Central to the deliberations were innovative financial instruments designed to de-risk investments. Key topics included the expansion of credit guarantees and the implementation of blended finance structures. These tools are seen as essential for attracting domestic and global institutional investors by mitigating the perceived risks associated with large-scale infrastructure projects.
Stakeholders also addressed the critical need for low-cost foreign capital and robust hedging mechanisms to manage currency fluctuations. By refining risk-mitigation frameworks, the MNRE and IFSCA hope to create a more resilient investment environment that can sustain long-term growth in the clean energy transition.
The consultations underscored a coordinated effort to align India’s financing pathways with its Net Zero ambitions. As the country moves toward its mid-century climate goals, the outcomes of this roundtable are expected to inform policy shifts that prioritize capital deployment at scale. By leveraging the expertise of both government and private sector financial heavyweights, the initiative seeks to ensure that liquidity remains available to power the next generation of solar, wind, and emerging energy technologies.