NEW DELHI : In what may help towards India’ clean energy efforts, consulting firm EY and lobby group lobby group Federation of Indian Chambers of Commerce and Industry (FICCI) have identified low carbon investment opportunities requiring an equity investment of around Rs2 trillion.
“EY – FICCI identifies over 600 ‘shovel-ready’ low carbon investment opportunities,” EY said in a statement and added, “The project pipeline has the potential to accelerate INR 2 Lakh crore of equity and INR 4 Lakh crore of project finance debt.”
These projects are in areas such as renewable energy generation, green energy equipment manufacturing and green mobility. This also comes at a time when India is running the world’s largest clean energy programme and seeking a global leadership role on tackling climate change.
