Page 128 - CW E-Magazine (27-5-2025)

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ATTRACTIVE SECTOR
FDI in India’s renewable energy sector jumps eight-fold

during FY21-FY25

India’s strong commitment towards by strong overseas interest in India’s
realising its energy transition goals is RE sector. FDI infl ows in the fi rst three
bearing fruits with the share of annual quarters of FY25 nearly matched the
foreign direct investment (FDI) in total for all of FY24,” he noted.
the sector rising by a whopping 700
percent between FY21 and FY25. As per data from the Ministry of
CEEW said. Compared to RE, FDI in New & Renewable Energy (MNRE),
The Council on Energy, Environ- the power sector saw a massive dip total investments, including FDI, attracted
ment and Water’s Green Finance Cen- in Q3 FY25, amounting to around by the sector – solar, wind, small hydro,
tre’s (CEEW-GFC) latest annual edi- $125-mn, it added. large hydro, nuclear and bio – almost hit
tion of its market handbook, notes that Rs. 4 lakh-crores in the last fi ve years,
the share of renewable energy (RE) Under the existing policy, FDI in ending 2024 calendar year.
in India’s total FDI infl ows rose from the renewable or non-conventional
around 1 percent in FY21 to about 8 energy (RE) and power sectors is per- Gujarat and Rajasthan, which cumu-
percent in FY25. mitted up to 100 percent under the latively account for more than one-third
automatic route. of India’s installed renewable energy
“The RE sector attracted $3.4-bn sources’ (RES) capacity, attracted over
in FDI in fi rst three quarters of FY25, Mr. Gagan Sidhu, Director of half of the investments that poured into
nearly matching the total FDI infl ows CEEW-GFC pointed out that India’s the sector between 2020-2024.
for the whole of FY24 ($3.7-bn). energy transition is at a crossroads. RE
This growth in investment refl ects the has clearly emerged as the dominant Among all the RES, cumulative in-
sector’s rising appeal to global inves- source of capacity addition, along with vestments in solar power stood at around
tors,” it added. around 42-GW of RE auctioned in Rs. 2.64 lakh crore, which is about 66
FY25. Notably, 59 percent of this capa- percent of the total investments in the
Rising FDI city was auctioned under innovative RES sector.
“Post FY20, FDI in RE sector saw formats like fi rm and dispatchable
a steep increase, amounting to around renewables (FDRE) and hybrids, helping As of 31 December 2024, 142.67-
$12-bn till FY25. RE share of total address grid resilience concerns amid GW of RE capacity is under construc-
FDI is on a continuous upswing over rising RE penetration. tion, comprising 82.3-GW of solar,
the last 5 years, growing from a low 24.5-GW of wind and 35.8-GW of
of 1.3 percent to 8.4 percent in FY25,” “All of this has been supported hybrid capacity, among others.

Vipul Organics opens sales offi ce in US

Vipul Organics Ltd., a leading mak- 20% of the revenues for Vipul Organics political and then tariff issues in the
er of pigments and dyes, has announced come from exports to US and Central recent past that were obstructing the logis-
the opening of a sales offi ce in the US. America. tics and causing unnecessary delays in
fulfi lling client orders. Vipul Organics
The offi ce has been registered The company also plans to maintain USA Inc. will act as a fulfi lment centre
under the name ‘Vipul Organics USA stock at a warehouse that will ensure for existing and new orders. We are also
Inc’. Based at the state of Delaware, the immediate deliveries to the customers. setting up warehousing which will stock
new offi ce is expected to give a boost our dyes and pigments in ample quantity
to the sales and marketing efforts of “The Americas are a big market for that will guarantee quickest delivery to
the company in US as well as Central Vipul Organics’ exports business. We businesses,” said Mr. Vipul Shah, Man-
American countries. At present, around were witnessing headwinds due to geo- aging Director, Vipul Organics.

128 Chemical Weekly May 27, 2025

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