Industrial Transition Accelerator Launches India Project Support Programme
The Industrial Transition Accelerator has launched its India Project Support Programme and released the India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed with Boston Consulting Group (BCG), to fast-track investment-ready decarbonisation projects and drive low-carbon growth across India’s key industrial sectors.
November 04, 2025. By Mrinmoy Dey
The Project Support Programme will accelerate India’s flagship industrial projects toward investment readiness, focusing on clean, low-carbon growth across chemicals, steel, cement, aluminium, aviation, and shipping sectors, ITA said in a statement.
The India Insights Briefing, developed in collaboration with Boston Consulting Group (BCG), brings together expertise from industry and global advisory leaders. It highlights India’s clean industrial potential, with a pipeline of 65 commercial-scale projects representing over USD 150 billion in potential investment, capable of abating 160–175 million tonnes of CO₂ equivalent annually and creating more than 200,000 direct and indirect jobs.
The report finds that India holds the world’s third-largest pipeline of low- and near-zero-emission industrial projects following China and the US, a testament to the country’s growing leadership in sustainable industrial development.
However, only six projects have passed Final Investment Decision (FID) to date. Structural challenges, including uncertain clean demand, high capital costs, regulatory bottlenecks in lead markets and under-developed infrastructure continue to hinder progress toward FID, noted the report.
The ITA’s India Project Support Programme seeks to address these bottlenecks by mobilising action across stakeholders to align policy, demand, and finance, helping a first wave of flagship projects to bankable status.
James Schofield, Managing Director, Industrial Transition Accelerator, said, “India’s industrial transition is central to both its growth objectives and the wider global decarbonisation effort. With one of the largest project pipelines worldwide, the challenge is no longer vision; it is execution. The India Project Support Programme will focus on unlocking demand, de-risking finance, and fast-tracking projects that can define India’s leadership in clean manufacturing. India’s commitment to build clean now would not only benefit the country domestically but also assist global momentum and present a strong supply of financed clean industrial projects to COP31 in November 2026.”
Sumit Gupta, APAC Leader – Climate and Sustainability Practice, Boston Consulting Group, said, “India stands at a defining moment in the global clean industrial transformation. With a strong foundation of projects and growing private-sector momentum, the country is well placed to lead in scaling new low-carbon technologies. The opportunity spans clean fuels, green materials, and emerging manufacturing value chains. The ITA India Project Support Programme can help mobilise stakeholders and accelerate the next wave of investment-ready projects.”
Yash Kashyap, India Lead, Industrial Transition Accelerator, remarked, “The next 24 months will be decisive in determining which of India’s clean industry projects move from plans to plants. The pipeline is strong, the private sector is ambitious, and the policy base is taking shape. Our focus is to integrate these elements, aggregate demand, standardise bankable contracts, and build shared infrastructure to get projects investment-ready.”
Through the India Project Support Programme, ITA will focus on clean demand creation via voluntary and regulatory measures in domestic and international markets, improving project viability through blended finance and de-risking measures, shared infrastructure for hydrogen and carbon networks, and policy alignment across lead markets. The programme will run through 2026, preparing selected projects for investment decisions while strengthening overall investment conditions across sectors.
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