{"id":17691,"date":"2026-01-26T19:22:44","date_gmt":"2026-01-26T13:52:44","guid":{"rendered":"https:\/\/theeducationoverview.in\/?p=17691"},"modified":"2026-01-26T19:22:52","modified_gmt":"2026-01-26T13:52:52","slug":"energy-transition-can-drive-industrialisation-jobs-and-competitiveness-in-emerging-economies-union-minister-pralhad-joshi","status":"publish","type":"post","link":"https:\/\/theeducationoverview.in\/?p=17691","title":{"rendered":"Energy Transition Can Drive Industrialisation, Jobs and Competitiveness in Emerging Economies: Union Minister Pralhad Joshi"},"content":{"rendered":"
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Energy Transition Can Drive Industrialisation, Jobs and Competitiveness in Emerging Economies: Union Minister Pralhad Joshi<\/strong><\/span><\/h2>\n


\nFrom Modules to Storage, India Scaling Integrated Clean Energy Manufacturing at Unprecedented Pace: Pralhad Joshi<\/strong><\/span><\/h3>\n

From Davos to Delhi: The Next Decade belongs to India , says Union Minister<\/strong><\/span><\/p>\n<\/div>\n

Posted On: 22 JAN 2026 9:52PM by PIB Delhi<\/strong><\/span><\/div>\n
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Union Minister for New and Renewable Energy Pralhad Joshi has said that India\u2019s energy transition has been deliberately designed as a tool for industrial growth, job creation and global competitiveness, particularly for emerging economies.<\/strong><\/span><\/p>\n

Addressing a high-level session on\u00a0\u201cEnergy: The Great Funding Gap\u201d<\/em>\u00a0at the\u00a0World Economic Forum Annual Meeting 2026\u00a0in Davos, the Union Minister underlined that under the leadership of Prime Minister\u00a0 Shri Narendra Modi, India has transformed its clean energy transition into a people-centric development movement, while simultaneously strengthening energy security and lowering costs for industry.<\/strong><\/span><\/p>\n

Renewable Energy at the Core of India\u2019s Growth Strategy<\/strong><\/span><\/p>\n

The Union Minister stated that India has already achieved 267 GW of installed non-fossil energy capacity, with renewables now accounting for around 52% of the country\u2019s total installed power capacity, well ahead of earlier timelines. He emphasised that India views the energy transition not merely as an environmental imperative, but as a growth enabler, supporting rapid industrialisation and making electricity more affordable for businesses and households alike.<\/strong><\/span><\/p>\n

People-Centric Schemes Powering Socio-Economic Transformation<\/strong><\/span><\/p>\n

Highlighting flagship decentralised renewable energy programmes, the Minister said that PM Surya Ghar: Muft Bijli Yojana has enabled the installation of rooftop solar systems in 2.7 million households in the last two years alone, with a target of 10 million households, which is expected to generate around 30 GW of power.<\/strong><\/span><\/p>\n

Under PM-KUSUM, more than 2.1 million farmers across the country have had their irrigation pumps solarised, significantly reducing dependence on subsidised grid power while enabling farmers to earn additional income by selling surplus electricity.<\/strong><\/span><\/p>\n

\u201cThese initiatives are not only providing affordable energy but are also turning consumers into \u2018prosumers\u2019, improving household incomes and rural livelihoods,\u201d the Minister said.<\/strong><\/span><\/p>\n

Lower Power Costs, Stronger Industry<\/strong><\/span><\/p>\n

Explaining how renewables have helped reduce electricity tariffs, the Union Minister cited the example of agricultural power supply reforms through solarisation of pumps, which have significantly reduced subsidy burdens on distribution companies.<\/strong><\/span><\/p>\n

By replacing high-cost subsidised electricity with low-cost solar power, the savings have translated into lower tariffs for industry and households, marking a historic shift in India\u2019s power sector. Electricity tariffs are coming down because of the renewable energy revolution, he noted.<\/strong><\/span><\/p>\n

Building a Complete Clean Energy Manufacturing Ecosystem<\/strong><\/span><\/p>\n

The Union Minister highlighted that India has built a strong domestic manufacturing base across the renewable energy value chain. He noted that the country has already established 144 GW of solar module manufacturing capacity, while solar cell manufacturing capacity has reached 27 GW and is expected to expand to around 50 GW in the near future. He further stated that India is moving towards completing the entire manufacturing cycle, with planned manufacturing of wafers and ingots set to commence shortly.<\/strong><\/span><\/p>\n

Alongside solar manufacturing, the Union Minister underlined the rapid scale-up of wind energy, battery storage and pumped storage solutions, which are critical for ensuring reliability and grid stability. These efforts, he said, are not only strengthening India\u2019s clean energy supply chains but are also generating large-scale employment and enhancing the country\u2019s industrial competitiveness.<\/strong><\/span><\/p>\n

Integrated Approach to Energy Security and Reliability<\/strong><\/span><\/p>\n

Addressing concerns about grid reliability, the Union Minister said India is pursuing an integrated strategy combining renewables with energy storage, pumped storage hydro and nuclear power. He added that India has undertaken legal and policy reforms to expand nuclear energy, to strengthen base-load capacity.<\/strong><\/span><\/p>\n

The Union Minister stated that India\u2019s experience demonstrates that energy security, affordability and sustainability are not competing priorities, but can be pursued together through coherent policy design, scale, and domestic manufacturing. India\u2019s clean energy journey, he said, offers practical lessons for other emerging economies seeking to drive growth, jobs and competitiveness through the energy transition.<\/strong><\/span><\/p>\n

On the sidelines of WEF, Union Minister Joshi held a series of high-level bilateral interactions with global industry leaders and foreign ministers to advance clean energy investments, technology collaboration and international partnerships aligned with India\u2019s energy transition goals.<\/strong><\/span><\/p>\n

<\/strong><\/span><\/p>\n

In bilateral diplomatic engagements, Shri Joshi met Dr. Tareq Abu Ghazaleh, Minister of Investment, and Ms. Zeina Toukan, Minister of Planning and International Cooperation of Jordan, and discussed avenues for enhanced cooperation and investment partnerships.<\/strong><\/span><\/p>\n

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