Now Reading: ITA selects 11 Indian projects worth $18 bn for clean industry
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ITA selects 11 Indian projects worth $18 bn for clean industry
The Industrial Transition Accelerator (ITA) on Thursday said it has selected 11 Indian projects for tailored support, representing more than $18 billion in potential investment. These projects could deliver over 7.8 million…
The Story in Brief
The Industrial Transition Accelerator (ITA) on Thursday said it has selected 11 Indian projects for tailored support, representing more than $18 billion in potential investment. These projects could deliver over 7.8 million tonnes of annual carbon abatement across sectors. Companies include Jindal Steel, JSW Steel, ACME Group, Yamna, Circular Urban Energy (CUE) and ReNew.
The projects will produce clean steel, low-emission fuels, green ammonia and sustainable aviation fuel. Jindal Steel is developing a carbon capture project in Odisha. JSW Steel is evaluating carbon capture at its Karnataka site. ACME and ReNew are building green ammonia facilities in Odisha. Yamna is planning a green ammonia project in Andhra Pradesh. CUE is developing a waste-to-SAF project in Uttar Pradesh.
The Indian Opinion
The ITA selection shows India is serious about clean industrialisation, but narratives about easy green transitions ignore real hurdles. Many of these projects face barriers like policy gaps, financing costs and infrastructure delays that developers cannot control alone. The real test will be whether these $18 billion in promises convert to final investment decisions and construction in the next few years. Watch for the 2029 target dates at Paradip and Gopalpur.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
