CII–PwC report urges low-cost financing, regulatory clarity to bolster RE manufacturing

CII–PwC report calls for easier financing, streamlined clearances, and long-term policy roadmap to strengthen India’s RE manufacturing
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CII–PwC report urges low-cost financing, regulatory clarity to bolster RE manufacturingEWBureau
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New Delhi: A Confederation of Indian Industry (CII) and PwC report has recommended streamlining land acquisition, environmental clearances, permitting processes and establishing clear regulatory frameworks to ensure both financial viability and operational reliability of energy projects.

The report, titled Manufacturing for India and the World, was released at the 6th edition of International Energy Conference and Exhibition 2025 and was formally unveiled by Jitin Prasada, Minister of State, Ministry of Commerce & Industry and Ministry of Electronics & Information Technology. Marking 11 years of Make in India, the study highlights India’s rapid emergence as a global hub for renewable energy manufacturing, with growing capabilities in solar modules, wind turbine components, batteries, electrolysers, and transmission technologies.

Financing and competitiveness

The report stresses the need to enhance access to low-cost and long-term capital to enable Indian manufacturers to strengthen their global competitiveness. It underlines that multiple factors are driving India’s green manufacturing momentum, including international regulatory requirements, evolving customer expectations, competitive market forces, and increased flow of climate-focused capital. According to the study, Indian industries are aligning with global sustainability frameworks to remain competitive in a transforming global economy. Investor confidence in environmentally responsible business practices is growing, further strengthening India’s push towards clean energy manufacturing.

Strategic role in global clean energy

The report provides an in-depth analysis of India’s manufacturing ecosystem across critical clean energy sectors, including solar, wind, green hydrogen electrolysers, battery energy storage systems, transmission equipment, and emerging technologies. It highlights the strategic role of India in advancing the global clean energy transition while ensuring sustainable growth and energy security at home. The study also notes that India’s balanced approach of prioritizing domestic manufacturing while engaging global markets will enable it to meet its energy and economic ambitions amid shifting geopolitical landscapes.

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Key recommendations

Among its recommendations, the report calls for a stable, long-term policy roadmap that would provide greater certainty for capital-intensive investments. It also emphasises the importance of expanding public–private partnerships to combine private sector efficiency with public oversight. The report points to the need for expanding research and development centres and skill development programmes aimed at creating a strong pipeline of trained manpower across the value chain. It stresses fostering stronger industry–academia collaborations to support the transition from technology adoption to innovation. Upgrading the BIS certification process and aligning it with international standards to improve export competitiveness also forms part of the recommendations. Further, the report highlights the importance of directing investments towards strengthening the transmission network and incorporating smart grid technologies to enable large-scale renewable integration.

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Long-term policy imperative

The report emphasised that despite growing global competition, India has continued its pursuit of becoming a clean energy manufacturing hub. It cautioned that further strengthening of renewable energy manufacturing will require timely, strategic and forward-looking policies focused on long-term objectives. By leveraging its inherent strengths and implementing targeted actions, India can address domestic energy challenges, accelerate the global transition to sustainable energy, enhance energy security, drive economic growth, and establish itself as a leading player in the global clean energy landscape.

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