Das applauds diaspora-driven global collaborations
The role of diaspora-driven development & investment in sustainable innovations, the future of green technologies across sectors and global opportunities for collaborations was highlighted at a panel discussion held at 18th Pravasi Bharatiya Divas Convention.
The sectors covered included agriculture, real estate, battery & green manufacturing, electric mobility, digital, MSME among others at the panel session moderated by IREDA CMD Pradip Kumar Das.
One of the key points highlighted during the session was the importance of enhanced collaboration of diaspora with Indian based startups in furthering sustainable agenda https://unfccc.int/.
These global visionaries shared insights on how the diaspora can harness innovative technologies, strategic investments, and international collaborations to drive comprehensive and holistic sustainable development at the panel held on 10 Jan.
The panel was attended by distinguished guests from the fields of business & policy making from Mauritius, Norway, Mexico, Vietnam, Switzerland, Nigeria, Sri Lanka. and Canada, along with participation from Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, and Sujeet Kumar, Member of Parliament.
Das updated the session Highlighting IREDA’s contributions and its position as India’s largest pure-play green financing NBFC, managing an asset base of Rs.69,000 crore (US$8.3 billion), and achieving Rs.2.39 lakh crore in cumulative sanctions and Rs.1.53 crore in cumulative disbursements as of Q3 FY25 https://www.climatebonds.net/.
With 206 GW of installed renewable energy capacity as of November 2024 and an ambitious target of 500 GW from non-fossil sources by 2030, India stands at the forefront of the global green transition, he underscored.
The panel discussion titled “Green Connections: The Indian Diaspora’s Contributions to Sustainable Development” was chaired by Ashwini Vaishnaw, Minister of Railways, Information & Broadcasting and Electronics & Information Technology http://greenclimate.fund.
The Minister applauded significant impact of the Indian diaspora in advancing global sustainability initiatives and fostering green growth.
Vaishnaw underscored India’s significant advancements in renewable energy, focusing on three strategic priorities:
increasing the share of renewable energy capacity to about 50% of the country’s total generation capacity by 2030,
attaining self-sufficiency in cutting-edge clean energy technologies such as hydrogen trains,
and establishing comprehensive capabilities across the sustainable energy value chain, encompassing green hydrogen production, photovoltaic cell manufacturing, and lithium-ion battery development.
In his concluding remarks, Vaishnaw called for leveraging the expertise of the diaspora to strengthen global partnerships, focusing on technology, innovation, and green skills development.
Pravasi Bharatiya Divas 2025 reaffirmed the critical role of the Indian diaspora in building a sustainable future and highlighted India’s commitment to fostering international cooperation for a greener tomorrow.
The 18th PBD Convention was from 8 to 10 Jan 2025 in Bhubaneswar, Odisha with a theme of “Diaspora’s Contribution to a Viksit Bharat”. Fiinews.com
