Mumbai, November 05, 2025: The Industrial Transition Accelerator (ITA), a global multi-stakeholder initiative launched at COP28, has announced the launch of its India Project Support Programme alongside the release of its India Insights Briefing, “Unlocking India’s Clean Industrialisation Opportunity.” The initiative aims to accelerate investment readiness for India’s emerging portfolio of 65 clean industrial projects, which together represent an estimated US$150 billion in potential investment, creation of 200,000 jobs, and annual CO₂ abatement of 160–175 million tonnes.
Developed in collaboration with the Boston Consulting Group (BCG), the report highlights India’s position as the third-largest global pipeline of low- and near-zero-emission industrial projects after China and the U.S. It identifies strong growth momentum in sectors such as chemicals, steel, cement, aluminium, aviation, and shipping, particularly in clean industrial hubs like Odisha, Andhra Pradesh, Gujarat, Rajasthan, Maharashtra, Karnataka, and Tamil Nadu.
However, despite the promising pipeline, only six projects have reached the Final Investment Decision (FID) stage. The ITA programme aims to address structural challenges — including high capital costs, limited clean demand, and regulatory bottlenecks — through measures such as blended finance, shared infrastructure development, and policy alignment.
James Schofield, Managing Director, Industrial Transition Accelerator, said: “India’s industrial transition is central to both its growth objectives and the wider global decarbonisation effort. With one of the largest project pipelines worldwide, the challenge is no longer vision; it is execution. The India Project Support Programme will focus on unlocking demand, de-risking finance, and fast-tracking projects that can define India’s leadership in clean manufacturing. India’s commitment to build clean now would not only benefit the country domestically but also assist global momentum and present a strong supply of financed clean industrial projects to COP31 in November 2026.”
Sumit Gupta, APAC Leader – Climate & Sustainability Practice, Boston Consulting Group, added: “India stands at a defining moment in the global clean industrial transformation. With a strong foundation of projects and growing private-sector momentum, the country is well placed to lead in scaling new low-carbon technologies. The opportunity spans clean fuels, green materials, and emerging manufacturing value chains. The ITA India Project Support Programme can help mobilise stakeholders and accelerate the next wave of investment-ready projects.”
Yash Kashyap, India Lead, Industrial Transition Accelerator, said: “The next 24 months will be decisive in determining which of India’s clean industry projects move from plans to plants. The pipeline is strong, the private sector is ambitious, and the policy base is taking shape. Our focus is to integrate these elements, aggregate demand, standardise bankable contracts, and build shared infrastructure to get projects investment-ready.”
According to the report, the chemicals sector accounts for nearly 80% of the project pipeline with 50 clean ammonia and methanol projects, while steel and cement producers are advancing low-carbon technology pilots including hydrogen-based reduction and carbon capture. Aviation and aluminium sectors are also showing early momentum in sustainable fuel production and renewable-powered operations.
By mobilising capital, policy alignment, and industrial partnerships, the ITA’s India programme seeks to fast-track clean energy deployment and bolster India’s role as a key player in the global low-carbon industrial transition.
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