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PBD 2025: Indian diaspora’s role in global sustainability
On Day 2 of the event in Odisha, a panel discussed India’s green energy leadership and the diaspora’s role in sustainable development, focusing on renewable energy goals, green technologies, and diaspora-driven investments.
"Green Connections: The Indian Diaspora’s Contributions to Sustainable Development"---panel discussion at the 18th Pravasi Bharatiya Divas Convention / Website- pib.gov.in
The second day of the 18th Pravasi Bharatiya Divas Convention, held on Jan. 10, featured a panel discussion titled "Green Connections: The Indian Diaspora’s Contributions to Sustainable Development," which underscored the significant role of the Indian diaspora in advancing global sustainability initiatives.
The session brought together global leaders and experts to explore how the diaspora can drive green growth and sustainable development worldwide.
Moderated by Pradip Kumar Das, chairman and managing director (CMD) of the Indian Renewable Energy Development Agency (IREDA), the discussion focused on India’s leadership in the global green energy transition.
The session was chaired by Ashwini Vaishnaw, Minister of Railways, Information & Broadcasting, and Electronics & Information Technology, who opened the discussion with a focus on India’s ambitious renewable energy goals for 2030. These include raising the share of renewable energy capacity to 50 percent of the country’s total generation capacity, achieving self-sufficiency in cutting-edge clean energy technologies such as hydrogen trains, and establishing a comprehensive sustainable energy value chain.
The panel featured distinguished guests from around the world, including representatives from Mauritius, Norway, Mexico, Vietnam, Switzerland, Nigeria, Sri Lanka, and Canada, as well as Kanak Vardhan Singh Deo, deputy Chief Minister of Odisha, and Sujeet Kumar, member of Parliament. These global visionaries shared valuable insights on how the Indian diaspora can leverage innovative technologies, strategic investments, and international collaborations to foster sustainable development on a global scale.
Das highlighted India’s growing leadership in the green energy sector. As of November 2024, India has installed 206 GW of renewable energy capacity, with an ambitious target of 500 GW from non-fossil sources by 2030. IREDA, as the largest pure-play green financing Non-Banking Financial Company (NBFC) in India, plays a critical role in supporting these goals. With a cumulative asset base of $8.3 billion (INR 69,000 Crore) and over $28.6 billion (INR 2.39 Lakh Crore) in cumulative sanctions, IREDA continues to drive India’s green financing agenda, positioning the country at the forefront of the global green revolution.
The panel discussion also explored the importance of diaspora-driven development and investment in sustainable innovations. Topics ranged from the future of green technologies in sectors such as agriculture, real estate, electric mobility, and MSMEs, to the need for enhanced collaboration between the diaspora and Indian startups to advance sustainability.
In his closing remarks, Ashwini Vaishnaw emphasized the importance of strengthening global partnerships in technology, innovation, and green skills development. He reaffirmed the critical role of the Indian diaspora in shaping a sustainable future and reiterated India’s commitment to fostering international cooperation for a greener tomorrow.
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