changeadminAt the World Economic Forum Annual Meeting 2026 in Davos, India’s 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 Minister highlighted India’s experience of combining scale with system resilience, noting that under the leadership of Prime Minister 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
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 become central to economic growth and development.
Mr 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 and speed, in a way that strengthens the economy.
India’s Energy Transition Philosophy
The 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 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.
Minister held a forward-looking meeting with H.E. Mr Maxime Prévot, Deputy Prime Minister and Minister of Foreign Affairs, European Affairs and Development Cooperation of Belgium.
The discussions reaffirmed the strength of the India–Belgium partnership, anchored in mutual trust, predictability and shared democratic values.
The Minister also held a constructive meeting with H.E. Subaih Abdul Aziz Al-Mukhaizeem, the Minister of Electricity, Water and Renewable Energy of Kuwait, during which they discussed investments in the renewable energy sector.
On the sidelines of the Annual Meeting, Mr Joshi held a series of high-level bilateral meetings to strengthen international cooperation and investment in India’s clean energy sector.
Engagement with Global Investors
Mr Joshi also held discussions with Charles Emond, President and CEO, and Ms Sarah Bouchard, COO of La Caisse, focusing on scaling long-term climate and clean energy investments in India.
He encouraged upscaling the “Partner with India” initiative to tap into the group’s commitment of USD 400 billion to climate action investments by 2030, highlighting strong alignment between India’s clean energy ambitions and La Caisse’s climate investment strategy.
In another interaction, the Minister met Mr Juvencio Maeztu, CEO and President of Ingka Group, which operates the IKEA retail business. The Ingka Group expressed keen interest in entering India’s renewable energy sector in a significant manner, particularly in solar, wind and hybrid solutions.
Mr Joshi encouraged the group to scale up its engagement in India, leveraging the country’s stable policies and investment-friendly ecosystem.
India Pavilion at WEF 2026
Pralhad Joshi attended the inauguration of the India Pavilion at the World Economic Forum, Davos, along with other Ministers, State Chief Ministers and Ministers from various States which included the Chief Minister of Andhra Pradesh N. Chandrababu Naidu, Chief Minister of Assam Himanta Biswa Sarma, Minister for Civil Aviation Ram Mohan Naidu, and Minister for Commerce & Industries and Infrastructure, Government of Karnataka, M.B. Patil.
During the inauguration of the India Pavilion, Pralhad Joshi also launched a Green Investment Handbook titled ‘The India Story’.
The Pavilion showcases India as a reliable, competitive and future-ready destination for global partnerships and investments, highlighting policy stability, reform-led growth and a predictable regulatory environment.
It presents India’s strengths across manufacturing, infrastructure, renewable energy, technology and innovation, aligned with the vision of Viksit Bharat 2047 and a commitment to sustainable and inclusive growth.
India as a Trusted Global Partner
The Minister noted that even during periods of global slowdown and supply-chain disruptions, India has accelerated its growth by building resilience and expanding capabilities with a long-term vision.
He emphasised that under the leadership of Prime Minister Narendra Modi, India is emerging as a trusted and future-ready destination for global investment, offering stable returns, strong policy certainty, and long-term opportunities for innovation, expansion, and sustainable value creation.
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