The platform will look to unify industry stakeholders to spur cleantech manufacturing across sectors such as solar, wind, hydrogen and battery storage
Commerce minister Piyush Goyal said that the new platform will offer an avenue for financing and to share ideas, technologies and resources among startups
The minister also said that PLIs and subsidies are detrimental to the long-term growth and development of the clean energy sector
Commerce minister Piyush Goyal announced the launch of the ‘Bharat Cleantech Manufacturing Platform’.
The platform will look to unify stakeholders from policy, industry, finance, and research to spur cleantech manufacturing in the country across sectors such as solar, wind, hydrogen, and battery storage. An official statement said that the initiative has been designed to enhance India’s cleantech value chain.
The new platform was announced by Goyal at the Bharat Climate Forum 2025 event in New Delhi on Saturday (January 11).
Addressing the event, the minister also urged the attendees to “think innovatively and increase manufacturing scale” in the country. He said that the launch of the platform will provide an opportunity for Indian companies to collaborate and co-innovate.
He added that the new initiative will offer an avenue for financing andi to share ideas, technologies and resources. This, he said, would help India become an attractive business case and a global leader in the sustainability and cleantech sector.
At the launch, Goyal also said that production linked incentives (PLIs) and subsidies are detrimental to the long-term growth and development of the clean energy sector. Noting that such sops were important to only help kickstart the sector, the commerce minister said that the cleantech sector should strive to become self-sustaining and “independent of the government”.
The comments come at a time when a slew of cleantech startups have emerged in India to address environmental challenges and build innovative solutions to balance the need for economic growth and sustainability. These offerings range from electric vehicles and harnessing solar energy on rooftops to organic waste management and even purifying air and water.
Buoyed by the government push, PLI and growing enterprise focus on eco-friendly practices, the space has also been witnessing healthy interest from investors. The Indian cleantech ecosystem was the fifth most funded sector in 2024, raising $829 Mn across 75 deals.
For instance, in December, rooftop solar solutions startup SolarSquare bagged $40 Mn in its Series B funding round led by Lightspeed. Zunroof also raised nearly $2.3 Mn in a round led by the Godrej family office, ANBG Enterprise LLP last month.
In August last year, cleantech startup Kazam secured $8 Mn in its Series A3 funding round led by Vertex Ventures Southeast Asia and India. Such has been the interest in the sector that India Accelerator last year floated a new vertical to back Indian cleantech startups.
Overall, the Indian cleantech space could become a $41 Bn market opportunity by 2040.
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