India’s industrial landscape stands at a pivotal moment, with a fast-growing economy, abundant renewable energy, and strong policy momentum positioning the country to lead the global shift toward clean manufacturing. The India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed by the Boston Consulting Group (BCG) in collaboration with the Industrial Transition Accelerator (ITA), outlines how India can accelerate decarbonisation while driving economic growth and global competitiveness across heavy-emitting sectors such as chemicals, steel, cement, aluminium, aviation, and shipping.
The report identifies a pipeline of 65 commercial-scale clean industry projects representing more than US $150 billion in potential investment, 200,000 new jobs, and 160–170 MtCO₂e of annual abatement - equivalent to 5–6 percent of India’s national emissions. This makes India home to the world’s third-largest pipeline of low and near-zero emission industrial projects, after China and the United States. Early momentum is evident through policy initiatives and private-sector ambition, but several barriers - limited green demand, high capital costs, and infrastructure constraints - pose challenges for projects on the path to Final Investment Decision (FID).
To unlock the next wave of progress, the report calls for targeted interventions to bridge the green premium, expand access to financing and offtake markets, and strengthen value-chain orchestration and infrastructure readiness. Coordinated action across policy, finance, and technology ecosystems will unlock investment, strengthen value-chain linkages, and propel India’s clean industrial transformation - advancing India’s vision for Viksit Bharat 2047 and Net Zero 2070, and positioning the nation as a global hub for clean manufacturing and green exports.