The chairman and managing director of IREDA stated that India must invest Rs 32 lakh crore in the renewable energy sector by 2030.

According to Pradip Kumar Das, the chairman and managing director of the Indian Renewable Energy Development Agency (IREDA), India will need to invest over Rs 32 lakh crore in the renewable energy sector by 2030 in order to reach its goals. 

During his speech at the 23rd India Power Forum 2024, Das urged lenders to take a more sector- and customer-focused stance, stressing the importance of prompt finance solutions and cutting-edge products specifically designed for the renewable energy industry.
He emphasized how important renewable energy is to India's efforts to develop a power system that complies with net-zero standards. 

Das noted that in order to achieve its goals, India will need to invest an estimated Rs 32 lakh crore in the renewable energy sector by 2030. 
The emphasis will switch to building the infrastructure required to support a completely decarbonized economy between 2031 and 2047, paving the stage for a robust and sustainable transition to a "Viksit Bharat" (Developed India) by that year. 

By 2070, this pathway will guarantee a robust and sustainable shift to net-zero emissions. 

Das also emphasized the importance of new renewable technologies, saying that they will be crucial to achieving these lofty objectives. These technologies include Green Hydrogen, Offshore Wind, and E-Mobility.
Das added that by embracing renewable energy, India can open up new economic opportunities and improve its long-term energy security. "Decarbonization is not just essential for addressing climate change, but it is also crucial for securing our future generations," Das said.