The scale of India’s energy transition is such that it will require capital from both domestic and overseas sources. The fund’s focus on RE and e-mobility means that it will be targeting sectors that together account for ~50 per cent of India’s greenhouse gas (GHG) emissions. The additional emphasis on waste management and water should also bring circular economy opportunities into investor focus.
India’s RE sector is well established, and e-mobility is fast emerging. Both these sectors thus benefit from a large number of players and business models. However, circular economy businesses may either be less established or operate on an unorganised basis. How rapidly will funding enable such businesses to mainstream themselves?