India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean industrial projects pipeline worth $89 billion is facing financing bottlenecks as only one project has reached a final investment decision in the past six months, a report by a clean industry alliance showed.
The South Asian nation has 41 clean industry projects spanning green ammonia, hydrogen production and sustainable aviation fuels, yet faces challenges in converting announcements into operational facilities, the report by Mission Possible Partnership and Industrial Transition Accelerator said.
The alliance is focused on advancing decarbonisation in high-emission sectors. India's clean industry projects have secured $13 billion in committed investment, far below China's $61 billion and the United States' $54 billion, according to the report. The slow development of the market for clean commodities at the right price point was a major bottleneck for investments in India, said Faustine Delasalle, CEO of MPP.
"The higher costs of capital is an issue stifling investment across emerging and developing economies. We need to leverage the growing appetite from development and private finance institutions for clean industry developments," Delasalle said. The report also highlights a global pipeline of about $1.6 trillion in projects that have been announced but not financed, with 692 of 826 commercial-scale clean industrial projects across 69 countries still awaiting financing. "Less than 15 projects are currently reaching (a) final investment decision every year, delaying the climate, economic and social benefits associated with clean industrial developments," the report said, adding that policy uncertainty is also hampering progress.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scroll.in
39 minutes ago
- Scroll.in
Prajwal Bhat
Stories written by Can Zohran Mamdani, the first South Asian to run to be New York mayor, pull off an upset? He's got slick campaign videos and a progressive agenda. But can the 33-year-old politician convince voters that he's got what it takes to run the complex city? Prajwal Bhat · 20 minutes ago Firms linked to Keventer group bought electoral bonds worth Rs 600 crore while it faced ED probe This would make the Keventer group the third-largest purchaser of the bonds. Prajwal Bhat , Sachi & Project Electoral Bond · Mar 15, 2024 · 08:21 pm
The Hindu
9 hours ago
- The Hindu
Bangladesh, Pakistan, China hold inaugural trilateral foreign office discussion
Bangladesh, Pakistan and China held an inaugural trilateral foreign office-level discussion this week in Kunming, the Ministry of Foreign Affairs of Pakistan has announced. The trilateral consultation was led by Chinese Vice Foreign Minister Sun Weidong, Bangladesh's Acting Foreign Secretary Ruhul Alam Siddique and Additional Foreign Secretary of Pakistan Imran Ahmed Siddiqui. Foreign Secretary of Pakistan Amna Baloch, who participated in the first Foreign Office Consultation with Bangladesh in one and half decades on April 17, 2025, participated in Thursday's (June 19, 2025) trilateral discussion via video link, said the Ministry of Foreign Affairs of Pakistan. 'In her remarks the Foreign Secretary Ambassador Amna commended the Chinese side for convening the inaugural meeting of the trilateral mechanism. Noting the common aspirations of the three sides for people-centric development, the Foreign Secretary expressed Pakistan's desire for a deeper engagement between China and South Asian countries,' said a press note from the Ministry of Foreign Affairs of Pakistan announcing the Bangladesh, China, Pakistan Trilateral Mechanism. This is the first such meeting between the three neighbours of India – China, Pakistan and Bangladesh – since Chief Adviser of the interim government of Bangladesh Prof Mohammed Yunus visited China during March 26-29 and also since India carried out Operation Sindoor in May when India and Pakistan clashed. During his China visit, Prof Yunus had addressed the business community in China and presented Bangladesh as a partner of China politically and commercially. Prof Yunus presented Bangladesh's long coastline as an advantage to the country and said Bangladesh is the 'only guardian of the ocean' and that China should access the market of northeast India through Bangladesh. The comment was cited as an irritant in Delhi-Dhaka relations by official sources in India later when India stopped the flow of textile apparel from Bangladesh through the land ports of India. The May 17 order also stopped entry of certain specified products from Bangladesh to the northeastern States of India. The discussion in Kunming coincided with Bangladesh-United States dialogue that was held between the interim government's National Security Adviser Dr Khalilur Rahman and U.S. Deputy Secretary of State Christopher Landau at the State Department in Washington DC on June 19. 'They discussed the Rohingya issue, ongoing tariff negotiations between Bangladesh and the U.S-, developments in South Asia, and the democratic transition in Bangladesh,' said a press statement issued by the office of Prof. Mohammed Yunus, Chief Adviser of the interim government of Bangladesh. Mention of the Rohingya issue after the bilateral discussion has brought to focus the so-called humanitarian corridor from Bangladesh to Myanmar's Rakhine province that Dr. Rahman has been championing in recent weeks. Rakhine-Chin-Sagaing region of Myanmar is of common interest of India, China and Bangladesh and in recent weeks, the United States has also indicated more interest in the strategically important area with the US Air Force personnel conducting a humanitarian assistance and disaster relief programme in May in the Cox's Bazar area.
The Print
11 hours ago
- The Print
Beijing hosts 1st Pakistan-China-Bangladesh trilateral, says ‘not directed at any third party'
According to official statements from both the Pakistani and Chinese foreign ministries, the three countries committed to deepening ties through 'mutual trust and good-neighborly principles'. A working group will be established to implement cooperation projects and follow up on the agreements reached. The high-level meeting was co-chaired by Chinese Vice Foreign Minister Sun Weidong, Acting Foreign Secretary of Bangladesh Ruhul Alam Siddique, and Pakistan's Foreign Secretary Amna Baloch, who participated virtually. New Delhi: Beijing Wednesday hosted the first ever trilateral meeting between Bangladesh, China and Pakistan in Kunming city in the Chinese province of Yunnan. In a statement issued later, the Chinese foreign ministry said, in an apparent reference to India, the 'three sides emphasized that China-Bangladesh-Pakistan cooperation adheres to true multilateralism and open regionalism, not directed at any third party'. Details of the agreements reached are still unclear at this point. The discussions focused on strengthening trilateral collaboration across a range of sectors, including trade and investment, agriculture, digital economy, marine sciences, environmental protection, education, green infrastructure, and people-to-people exchanges. 'The Foreign Secretary expressed Pakistan's desire for a deeper engagement between China and South Asian countries. Expressing satisfaction at the upward trajectory of bilateral ties, the Foreign Secretary conveyed Pakistan's readiness to work with China and Bangladesh to enhance ties in trade and investment, agriculture, digital economy,' said the readout issued by the Pakistan foreign ministry. China's role as convenor of this trilateral format also signals Beijing's intent to reshape regional order through alternative multilateral formats to counterbalance India's influence in the region and advance its Belt and Road Initiative (BRI) and regional influence with more flexible, cooperative frameworks. 'Sun Weidong stated that the Chinese government is committed to building a community with a shared future with neighboring countries. Bangladesh and Pakistan are both good neighbors, good friends, and good partners of China, and important partners in high quality Belt and Road cooperation. As significant members of the Global South and key countries in the region, all three countries face the mission of national revitalization and modernization, and all require a peaceful and stable environment. Cooperation among China, Pakistan and Bangladesh aligns with the common interests of the three peoples, and can contribute to regional peace, stability, development and prosperity,' the Chinese foreign ministry said. The meeting comes amid a significant realignment in South Asian geopolitics. Bangladesh and Pakistan resumed high-level engagements in April, after a 15-year diplomatic freeze. The two countries held a Foreign Office Consultation (FOC) earlier this year. A Bangladeshi military delegation also made a rare visit to Pakistan in January, meeting with Pakistan Army Chief General Asim Munir, while Bangladesh's Navy participated in a Pakistani-led maritime exercise off the coast of Karachi in February. These moves come as Dhaka's interim administration, led by Muhammad Yunus, takes a more open stance towards Pakistan, in contrast with the historically tense ties under former Prime Minister Sheikh Hasina. Yunus has criticized India for harbouring Hasina and has formally requested her extradition—a request to which India has yet to formally respond. Meanwhile, Bangladesh's Foreign Secretary Jashim Uddin in April met with his Pakistani counterpart and raised long-standing grievances, including a demand for a formal apology from Pakistan for the 1971 war atrocities during Bangladesh's independence struggle. In a broader diplomatic context, Sun also held bilateral meetings on the sidelines of the trilateral meeting in Kunming, including with Afghanistan's Acting Deputy Prime Minister Haji Mawlawi Abdul Salam Hanafi. (Edited by Amrtansh Arora) Also Read: New Delhi-Dhaka must reimagine ties as 'strategic necessity for collective growth'—Bangladesh envoy
