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Industrial Transition Accelerator Launches India Project Support Programme to Drive Clean Industrial Growth

The Industrial Transition Accelerator (ITA), a global multi-stakeholder initiative established at COP28, has officially launched its India Project Support Programme along with the release of its report, India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity, developed in collaboration with the Boston Consulting Group (BCG). The programme aims to accelerate investment-ready decarbonisation projects and enable low-carbon growth across India’s key industrial sectors.

The initiative focuses on fast-tracking India’s major industrial projects toward investment readiness, particularly in chemicals, steel, cement, aluminium, aviation, and shipping. According to the briefing, India has developed a pipeline of 65 large-scale clean industrial projects worth over USD 150 billion, with the potential to abate 160–175 million tonnes of CO? annually and generate more than 200,000 direct and indirect jobs. This positions India as having the third-largest pipeline of low- and near-zero-emission industrial projects globally, after China and the United States.

However, the report highlights persistent challenges—such as uncertain demand for clean products, high capital costs, policy and regulatory hurdles, and underdeveloped infrastructure—that limit progress toward Final Investment Decision (FID). To address these, the India Project Support Programme will mobilise key stakeholders to align policy, finance, and demand, with the goal of bringing the first wave of flagship projects to bankable status.

James Schofield, Managing Director of ITA, noted that India’s industrial transition is crucial for both national growth and global decarbonisation. He emphasised that the focus now lies on execution, not vision, and that the programme will work to unlock demand, de-risk investments, and accelerate projects that can define India’s leadership in clean manufacturing ahead of COP31 in 2026.

Sumit Gupta, APAC Leader for Climate and Sustainability Practice at BCG, added that India is at a pivotal moment in the global clean industrial transformation, with strong private-sector engagement and growing momentum in green fuels, sustainable materials, and low-carbon technologies.

Echoing this, Yash Kashyap, India Lead at ITA, stated that the next two years will be decisive in determining which of India’s clean industry projects advance from concept to construction. The programme will focus on aggregating demand, standardising contracts, building shared infrastructure, and improving access to blended finance to enhance investment readiness.

The India Project Support Programme will run through 2026, supporting selected projects to reach investment decision stages while strengthening the broader industrial ecosystem for sustainable, low-carbon growth across India.