The Industrial Transition Accelerator (ITA) on Thursday said it has selected 11 Indian projects that will receive tailored support as part of its India Project Support Programme to accelerate critical clean industrial projects.
The ITA is a global multi-stakeholder initiative launched at COP28 to fast-track industrial transition across energy-intensive industry and transport sectors.
The selected projects, led by companies including Jindal Steel, JSW Steel, ACME Group, Yamna, Circular Urban Energy (CUE) and ReNew, represent more than USD 18 billion in potential investment and could deliver over 7.8 million tonnes of annual carbon abatement across multiple sectors, a statement said.
“In a world shaped by geopolitical volatility, the ability to produce clean materials domestically and competitively will be a key driver of both economic resilience and long-term growth,” James Schofield, Managing Director, Industrial Transition Accelerator, said in the statement.
Across in-country …
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