Sunil Barthwal, secretary of the Ministry of Commerce and Industry, said the country currently produces 21 million cars every year.
"Although, in percentage terms, EV manufacturing may not seem very big right now, if you look at 1.6 million EVs, it requires a whole battery manufacturing ecosystem and a charging ecosystem, etc. "he said during the India Energy event. Storage Week (IESW) organized by industry body India Energy Storage Alliance (IESA) here.
Barthwal said this is a great opportunity that India offers to investors from all over the world to come and invest in the clean energy value chain.
“The government, as a policy maker, is trying to create an ecosystem through which investments can be encouraged. There is a potential investment opportunity of not less than $500 billion in the clean energy ecosystem,” Barthwal added.
Secretary, Ministry of Commerce said that it is time for companies to apply their minds and utilize the skilled youth of the country in R&D, manufacturing and creating a net zero and carbon emission free world after some time.
At the event, Vikram Gulati, country director and executive vice president (corporate affairs and governance), Toyota Kirloskar Motor, said that by 2037, we will become a $35 trillion economy if it continues to grow at 7 per cent.
"This may sound fantastic, but what it also means is that there will be a huge demand for transportation, mobility, road transport, etc. We are going to see around 4 times the energy requirement for cars alone from today until perhaps 2030," he claimed. the said.
The government has done a tremendous job in terms of looking at the supply side, looking at the demand side and getting down to the component level to be able to create an ecosystem in the country that will allow us to quickly move to a sustainable future.
“It is time for other stakeholders to also step forward. It is also time for us, from the industry, to make that change a reality,” Gulati said.
"Although, in percentage terms, EV manufacturing may not seem very big right now, if you look at 1.6 million EVs, it requires a whole battery manufacturing ecosystem and a charging ecosystem, etc. "he said during the India Energy event. Storage Week (IESW) organized by industry body India Energy Storage Alliance (IESA) here.
Barthwal said this is a great opportunity that India offers to investors from all over the world to come and invest in the clean energy value chain.
“The government, as a policy maker, is trying to create an ecosystem through which investments can be encouraged. There is a potential investment opportunity of not less than $500 billion in the clean energy ecosystem,” Barthwal added.
Secretary, Ministry of Commerce said that it is time for companies to apply their minds and utilize the skilled youth of the country in R&D, manufacturing and creating a net zero and carbon emission free world after some time.
At the event, Vikram Gulati, country director and executive vice president (corporate affairs and governance), Toyota Kirloskar Motor, said that by 2037, we will become a $35 trillion economy if it continues to grow at 7 per cent.
"This may sound fantastic, but what it also means is that there will be a huge demand for transportation, mobility, road transport, etc. We are going to see around 4 times the energy requirement for cars alone from today until perhaps 2030," he claimed. the said.
The government has done a tremendous job in terms of looking at the supply side, looking at the demand side and getting down to the component level to be able to create an ecosystem in the country that will allow us to quickly move to a sustainable future.
“It is time for other stakeholders to also step forward. It is also time for us, from the industry, to make that change a reality,” Gulati said.
