New Delhi: India will be substantially investing in green energy corridors to tackle the issue of grid stability that is required for induction of renewable energy, Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy (MNRE), Government of India, said today, while emphasising the critical need to strengthen transmission infrastructure to support India’s expanding renewable energy capacity.
Addressing the session on ‘New Energy Partnerships in a Volatile World’ at the CII Annual Business Summit 2026, Sarangi highlighted that ensuring affordable, reliable and sustainable energy is central to India’s growth and competitiveness.
He underlined that as India accelerates its energy transition, the focus must not only be on adding renewable capacity but also on building the supporting ecosystem, including storage, grid modernisation and efficient transmission systems.
Sarangi stressed that electricity prices must be lowered for India to remain globally competitive, particularly as energy becomes a key determinant of industrial growth and investment decisions.
He noted that reducing costs will require a combination of technological innovation, improved efficiencies and scaled investments across the renewable energy value chain.
He further emphasised that addressing curtailment challenges through enhanced grid infrastructure and better planning mechanisms will unlock the full potential of renewable assets.
Speaking at the session, Ashish Khanna, Director General, International Solar Alliance, emphasised the need for deeper global collaboration in building resilient supply chains. “I would suggest that the Indian private sector probably needs to tie up a lot more with some of the international private sector, because I keep hearing from the private sector of all the countries that the road for supply chain diversification will lead through India,” he said.
Khanna noted that India is uniquely positioned to emerge as a global hub for clean energy manufacturing and deployment, given its large domestic market, improving policy ecosystem and growing technological capabilities.
He highlighted that stronger partnerships could enable access to capital, technology and markets, thereby accelerating the pace of energy transition not only in India but across emerging economies.
Tarun Sawhney, Chairman, CII Committee on Bioenergy and Vice Chairman & Managing Director, Triveni Engineering & Industries Ltd., spoke about the growing importance of bioenergy in enhancing energy security and reducing dependence on fossil fuels.
He highlighted the need to develop economically viable models and ensure long-term policy support to scale investments in the sector.
Rupal Gupta, Founder, Managing Director and CEO, Oriana Power, drew attention to the practical challenges faced by the renewable energy sector, including execution constraints, grid integration issues and financing barriers for emerging technologies such as battery storage and green hydrogen. She stressed the importance of integrated solutions and collaborative approaches that bring together technology providers, financiers and developers to address these challenges.
Moderating the session, Sumant Sinha, Chairman, CII National Council on Energy Transition and Hydrogen and Founder, Chairman & CEO, ReNew, emphasised that India’s transition towards an electricity-led energy system will be critical for achieving long-term sustainability goals. He noted that affordability of clean power will be key to driving adoption across sectors and ensuring competitiveness in a rapidly evolving global economy.
Ends.
Comments (0)
Be the first to comment!