The second day of the 18th Pravasi Bharatiya Divas Convention on January 10 showcased the vital contributions of the Indian diaspora to global sustainability through a panel discussion titled “Green Connections: The Indian Diaspora’s Contributions to Sustainable Development.” The event emphasized the diaspora’s potential in advancing sustainable development across the world.
The session brought together global leaders and experts to examine how the Indian diaspora can catalyze green growth and sustainable initiatives on a global scale. Pradip Kumar Das, chairman and managing director (CMD) of the Indian Renewable Energy Development Agency (IREDA), moderated the discussion. The panel delved into India’s role as a leader in the worldwide transition to green energy.
Ashwini Vaishnaw, Minister of Railways, Information & Broadcasting, and Electronics & Information Technology, chaired the session and began with an overview of India’s ambitious renewable energy targets for 2030. He outlined goals such as increasing the share of renewable energy to 50% of the country’s total power capacity, achieving technological self-sufficiency in innovations like hydrogen trains, and creating a comprehensive value chain for sustainable energy.
The panel featured prominent leaders and thinkers from countries such as Mauritius, Norway, Mexico, Vietnam, Switzerland, Nigeria, Sri Lanka, and Canada. Indian dignitaries, including Odisha’s Deputy Chief Minister Kanak Vardhan Singh Deo and Member of Parliament Sujeet Kumar, were also present. The participants provided perspectives on how the Indian diaspora can utilize cutting-edge technologies, strategic investments, and global collaborations to support sustainable growth on an international level.
During the discussion, Das highlighted India’s expanding leadership in the green energy sector. As of November 2024, India had achieved an installed renewable energy capacity of 206 GW. He noted the ambitious national target of reaching 500 GW from non-fossil fuel sources by 2030. “IREDA has been instrumental in driving India’s green energy financing efforts,” said Das, emphasizing the agency’s role as India’s largest specialized green financing Non-Banking Financial Company (NBFC). IREDA currently manages assets worth $8.3 billion (INR 69,000 Crore) and has cumulatively sanctioned over $28.6 billion (INR 2.39 Lakh Crore) for renewable energy projects.
The panel also explored how the Indian diaspora can lead development and investment in sustainable innovations. Discussions spanned various sectors, including agriculture, real estate, electric mobility, and micro, small, and medium enterprises (MSMEs). The participants stressed the importance of greater collaboration between the diaspora and Indian startups to promote sustainability.
In his concluding remarks, Minister Vaishnaw underscored the need for stronger global partnerships in areas such as technology, innovation, and the development of green skills. He reiterated the pivotal role of the Indian diaspora in shaping a sustainable future and reaffirmed India’s commitment to fostering international cooperation for a greener world.