At the World Economic Forum Annual Meeting 2026 in Davos, Union Minister for New and Renewable Energy Pralhad Joshi underscored that the real challenge of the global energy transition lies in building infrastructure that is resilient, scalable and investment-ready.
Speaking at the session “Resilient Infrastructure for Growth”, the Union Minister highlighted India’s experience of combining scale with system resilience, noting that under the leadership of Prime Minister Shri Narendra Modi, the country has achieved 267 GW of non-fossil fuel capacity as of December 2025 and is firmly on track to meet its 2030 targets. This is backed by robust policies, strong domestic manufacturing, grid modernisation, energy storage solutions and emerging frameworks for geothermal and nuclear energy. He emphasised the need for patient capital, blended finance and deeper collaboration among governments, the private sector and multilateral development banks to enable a sustainable and inclusive global energy transition
Sustainability at the Core of Economic Growth
Union Minister for New and Renewable Energy Pralhad Joshi also delivered the keynote address at the roundtable “Delivering Sustainability at Scale: Pathways for Global Transformation” in Davos, sharing India’s perspective on how sustainability has moved to the core of economic growth and development. Shri Joshi underlined that sustainability is no longer a peripheral concern but a central driver of competitiveness, resilience and long-term growth. He emphasised that the defining challenge of this decade is not whether the world should transition, but how sustainability can be delivered at scale, at speed and in an economically strengthening manner.
India’s Energy Transition Philosophy
The Union Minister reiterated India’s commitment to achieving net-zero emissions by 2070, stressing that the country’s approach is guided by the principle of Vasudhaiva Kutumbakam — One Earth, One Family, One Future. He noted that India views sustainability as a strategic transformation of the economy and society, rather than merely a technological shift, and is pursuing renewables with conviction as the most reliable, affordable and future-ready pathway for growth.
Bilateral Engagements and Meetings with Industry Leaders
In a meeting with H.E. Dr. Said Mohammed Ahmed Al Saqri, Economic Advisor at the Office of the Deputy Prime Minister for Economic Affairs, Oman, the Union Minister highlighted India’s proven capability to scale solar, wind, green hydrogen and energy storage solutions, including in arid and desert conditions. Discussions covered potential areas of cooperation like joint collaboration on manufacturing and export of solar modules, electrolysers and green hydrogen, investments in renewable-powered hydrogen hubs, integrated energy projects and port-based export infrastructure, and leveraging the India–Oman CEPA and cooperation under the International Solar Alliance and the One Sun One World One Grid initiative.(s-pib)
