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India Today
3 days ago
- Business
- India Today
How India is sprinting to build a climate-ready financial architecture
As India races towards its twin ambitions—becoming a $40 trillion economy by 2047 and achieving net-zero emissions by 2070—it faces a formidable challenge: financing its energy task is immense. Estimates suggest that to meet its 2030 green targets alone, India must mobilise $170 billion annually, almost three times the current levels of investment in renewable energy, electric mobility, green hydrogen and industrial the next four decades, that number could swell past $10 trillion. For a country where climate finance is still nascent, the numbers are sobering. But instead of viewing this as a constraint, policymakers are treating it as a design problem—one that needs a structural government is now working on a twin-track approach to fix the climate capital bottleneck. The first involves building an institutional spine for green finance by transforming the National Bank for Financing Infrastructure and Development (NaBFID) into a strategic enabler of climate-aligned projects. The second track aims at unlocking India's capital markets, tapping into the vast, growing pools of domestic savings and enabling public participation in the energy transition through reforms, instruments and investor the heart of the institutional push is a quiet but ambitious plan: the creation of a green-focused subsidiary under NaBFID. A team within NITI Aayog, working closely with the ministry of finance, has studied international models—from Brazil's BNDES (Brazilian Development Bank) to the UK's Green Investment Bank and Canada's Clean Growth discussion initially focused on exploring setting up a new green bank—a dedicated development finance institution (DFI)—to suffice the needs, along with tweaking the norms of priority sector lending for the scheduled banks. Most believe that setting up a new institute would take a lot of sweat and bureaucratic idea taking shape is that of a capital-light, flexible entity housed within NaBFID that can catalyse investments across a spectrum of green sectors: renewable energy, EV charging, storage, biofuels, clean manufacturing and the NaBFID Act already provides for such a subsidiary structure and even permits overseas operations. Financially, NaBFID is in a strong position, with Rs 20,000 crore in equity capital, another Rs 5,000 crore in grants, and a growing loan book of over Rs 50,000 crore. Officials working on the plan suggest that an additional Rs 10,000 crore infusion—well within the sovereign's capacity—could unlock lending capacity of over Rs 1.5 trillion over the most intriguing part of the proposal lies in its geography. The proposal is that the new green subsidiary may be headquartered in GIFT City, Gujarat's international financial hub. The location offers strategic advantages. Since GIFT City falls outside the jurisdiction of the Reserve Bank of India (RBI) and is regulated by the International Financial Services Centres Authority (IFSCA), it provides greater flexibility in structuring instruments, raising global capital, and issuing green bonds not limited by India's sovereign theory, this could sharply reduce the cost of capital for high-risk green projects and attract global pension and sovereign wealth funds looking for investable opportunities in emerging not everyone is convinced. Critics of the NaBFID-centric approach argue that the institution, while well-capitalised, may not yet have the bandwidth or sectoral expertise required to navigate the highly technical, fast-evolving landscape of cleantech. Unlike traditional infrastructure such as roads, ports, or transmission lines—where risks are better understood and returns more predictable—green industries operate under very different risk rapid pace of technological change, regulatory uncertainty and relatively short track records of most climate start-ups make them less compatible with conventional infrastructure lending frameworks. Without dedicated talent, bespoke underwriting models, and a deeper appreciation of innovation risk, there is a real danger that the green arm of NaBFID could become a box-checking exercise rather than a transformative institutions alone cannot solve the climate finance equation. India's broader capital markets remain underpowered when it comes to channelling savings into green growth. Consider this: despite over 225 million retail demat accounts—six times the number a decade ago—equity investment in cleantech remains marginal. Only about 4 per cent of India's clean energy finance comes from equity markets, compared to 35 per cent in developed joint study by the New Delhi-based think-tank Council for International Economic Understanding (CIEU) and Dalberg Advisors to develop the Bharat Climate Forum platform highlighted structural barriers: cleantech companies are underrepresented on SME (small and medium enterprise) and main boards; high-profitability thresholds block early-stage firms from listing; and the absence of sectoral indices keeps green companies largely invisible to institutional and retail the sovereign's green bond programme, launched with fanfare, is struggling. The last issuance in 2025 saw just 30 per cent investor uptake, largely because of the lack of incentives or a 'greenium'. Without meaningful tax benefits, institutional mandates or strong post-issuance impact reporting, investors remain on the missing is clarity. Both banks and investors say they lack confidence in identifying what qualifies as 'green' or 'transition-aligned' finance. To address this, the finance ministry, led by Nirmala Sitharaman, launched a public consultation in April 2025 to develop a formal green taxonomy for India—a definitional framework that classifies economic activities by their environmental finalised, this taxonomy will be crucial in standardising disclosures, verifying the greenness of bonds and loans, and aligning the financial sector with global norms like the EU Taxonomy. Globally, thematic indices have catalysed passive investment, green ETF creation, and public awareness. The FTSE Environmental Opportunities Index, China's CSI New Energy Index, and Canada's S&P Renewable Energy Index have outperformed mainstream indices and boosted green investment flows. India must build its own. More importantly, it will help rebuild trust in the integrity of green instruments and reduce fears of lack of transparency is not the only hurdle. India's green finance ecosystem suffers from a problem of discoverability. There is no publicly available benchmark index for the country's energy transition firms. Globally, countries have launched green indices and ETFs to signal investor confidence and drive capital CSI New Energy Index, the FTSE Environmental Opportunities Index, and Canada's S&P Renewable Energy Index have seen massive inflows and consistent outperformance. In India, despite evidence that cleantech SMEs outperform broader SME IPO indices, they remain under-tracked and underfunded. Creating such indices could trigger a virtuous cycle, enabling ETFs, improving firm visibility, and incentivising regulators have begun to respond, the process remains fragmented. The RBI's green deposit framework—intended to guide banks in mobilising climate-aligned retail funds—has seen limited traction, again due to definitional ambiguities and unclear auditing standards. The IFSCA is developing a Transition Bond Framework aimed at hard-to-abate sectors like steel, cement, and chemicals, but it too will require alignment with national taxonomy, rating agencies and broader question is whether India can build a cohesive architecture in time to meet its targets. The urgency is undeniable. As climate risks intensify and fossil-fuel investments lose viability, India must redirect vast pools of capital into green sectors not just to meet environmental goals, but to safeguard long-term macroeconomic stability. A well-functioning climate finance system would not only drive the transition—it would also deepen India's capital markets, broaden retail participation and reduce dependence on foreign currency is no shortage of vision. From the corridors of North Block to the trading floors of GIFT City, the outlines of a new financial order are emerging—one that places climate risk at the centre of economic planning. But architecture alone is not enough. Execution will require political clarity, regulatory agility, institutional coherence—and above all, the right people with the right expertise. India's vault is ready. Whether we can fill it with the right kind of capital is the real to India Today MagazineMust Watch
Yahoo
05-05-2025
- Business
- Yahoo
Three Phase Sectionalizer Market to Reach $1.9 billion, Globally, by 2034 at 6% CAGR: Allied Market Research
The increasing demand for grid reliability is emerging as a significant driver for the adoption of three-phase sectionalizers. Rising consumer expectations for uninterrupted and high-quality power supply, utility providers are under growing pressure to minimize outages and ensure consistent service delivery. Sectionalizers play a critical role in this context by enabling faster fault detection and isolation, thereby preventing widespread power disruptions. WILMINGTON, Del., May 5, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Three Phase Sectionalizer Market by Voltage (Up to 15 kV, 16 kV to 27 kV, and 28 kV to 38 kV), Control Type (Resettable Electronic Sectionalizer and Programmable Resettable Sectionalizer), Application (Power Plant, Distribution Center, and Others), End Use (Industrial, Residential, and Commercial), and Location (Overhead and Underground): Global Opportunity Analysis and Industry Forecast, 2025-2034". According to the report, the three phase sectionalizer market was valued at $1.1 billion in 2024 and is estimated to reach $1.9 billion by 2034, growing at a CAGR of 6% from 2025 to 2034. Download PDF Brochure: Modernization of Aging Infrastructure The modernization of aging electrical infrastructure is a crucial factor driving the demand for three-phase sectionalizers. Across the globe, many countries are grappling with outdated and deteriorating power distribution networks that are prone to frequent faults and inefficiencies. These aging systems not only struggle to meet the growing energy demands but also lack the intelligence required to respond swiftly to faults and interruptions. Under the PM-WANI initiative, 200,000 public Wi-Fi hotspots have been established by May 2024. The 5G rollout, initiated in October 2022, has rapidly expanded across all states and union territories. The Production-Linked Incentive (PLI) scheme has bolstered domestic manufacturing, with telecom equipment exports reaching approximately $17.88 billion (₹1.49 trillion) in 2023–24. Moreover, the government is fostering PPPs to leverage private sector expertise and investment in infrastructure projects. The National Bank for Financing Infrastructure and Development (NaBFID) is introducing a Partial Credit Enhancement Facility to support infrastructure financing through corporate bonds. Trump's Tarriff Impact on Three Phase Sectionalizer Industry The reimplementation or extension of Trump-era tariffs has had a tangible impact on the U.S. electrical equipment sector, including the three-phase sectionalizer industry. These tariffs, primarily targeting imports from China and other key manufacturing countries, have driven the costs for raw materials and intermediate components such as steel, aluminum, insulators, and electronic assemblies used in sectionalizers. Since a large share of these components is typically sourced internationally, manufacturers have been forced to either absorb higher costs or pass them on to utility customers, leading to a surge in overall project costs. As a result, the average unit cost of a three-phase sectionalizer has risen by approximately 12–18% compared to 2023. U.S. manufacturers relying on global supply chains experienced delays and cost escalations, while firms with localized supply chains gained a temporary advantage, prompting a regional shift in procurement. Utilities and power distribution firms, faced with rising prices, slowed down their investment in smart grid and distribution automation projects, leading to a 6–8% decline in orders for three-phase sectionalizers compared to the previous year. Procure Complete Report (382 Pages PDF with Insights, Charts, Tables, and Figures) @ Report coverage & details: Report Coverage Details Forecast Period 2025–2034 Base Year 2024 Market Size in 2024 $1.1 billion Market Size in 2034 $1.9 billion CAGR 6 % No. of Pages in Report 382 Segments Covered Voltage, Control Type, Application, End-Use, Location, andRegion Drivers Growth in Demand for Grid Reliability and Automation Integration of Renewable Energy with Three-Phase Sectionalizer Opportunity Smart Grid Modernization Initiatives Increase in Electrification of Public Transport Restraint High Initial Cost of Installation of Three-Phase Sectionalizer Trump's Tariffs impact on the three-phase sectionalizer market Government Initiatives and Investments Government initiatives and investments are playing a pivotal role in accelerating the adoption of intelligent sectionalizing equipment, such as three-phase sectionalizers, as part of broader efforts to modernize and enhance the resilience of electrical grids. In the U.S., the Department of Energy (DOE) has been instrumental in this transformation through programs like the Smart Grid Investment Grant (SGIG) and the Grid Resilience and Innovation Partnerships (GRIP). The SGIG program, for instance, allocated $3.4 billion to support over 100 projects aimed at upgrading the nation's electric grid. These projects encompassed the deployment of smart meters, automated substations, and advanced sensors, all of which contribute to improved grid reliability and efficiency. The GRIP program further reinforces this commitment by administering $10.5 billion in funding for grid modernization, with $3 billion specifically designated for smart grid projects. Globally, similar trends are evident. In India, the Ministry of Power has initiated the Restructured Accelerated Power Development and Reform Program (R-APDRP), focusing on the implementation of smart metering and grid automation to improve the efficiency and reliability of the power distribution system. Such initiatives not only modernize the grid but also create a conducive environment for the adoption of intelligent sectionalizing equipment. Growth in Renewable Energy Integration in Asia-Pacific countries As renewable energy installations proliferate, utilities face challenges in maintaining grid stability and ensuring efficient power distribution. The intermittent nature of renewables necessitates advanced grid infrastructure capable of real-time monitoring and swift fault isolation. Sectionalizers, with their ability to automatically detect and isolate faulty sections of the grid, play a crucial role in minimizing outages and maintaining service continuity. Governments and utilities across the Asia-Pacific are investing in smart grid technologies to address these challenges. For instance, initiatives like the ASEAN Power Grid aim to enhance regional interconnectivity, allowing for more efficient energy distribution and better integration of renewable sources. In 2024, China installed an unprecedented 240 GW of solar capacity, elevating its total to over 1 terawatt (TW). This monumental growth underscores China's commitment to reducing reliance on fossil fuels and positions it as a global leader in solar energy deployment. Connect To Industry Expert: Bargaining Power of Supplier in Three Phase Sectionalizer: The bargaining power of suppliers in the Three Phase Sectionalizer market has been relatively low. This is primarily due to the abundance of suppliers offering raw materials and components required for manufacturing sectionalizers, which allows buyers to negotiate favorable terms and switch suppliers with minimal cost implications. The availability of similar products and services across different suppliers further diminishes individual supplier leverage. Despite the low bargaining power, suppliers have been actively innovating to maintain competitiveness. For instance, in June 2023, ABB introduced a new line of smart sectionalizers designed to enhance grid reliability through automated fault isolation and restoration processes. These devices integrate with ABB's digital substation technology, offering real-time monitoring and control capabilities Key Players: - ABB Ltd. Eaton Corporation PLC Hubbell Inc. Tavrida Electric AG G&W Electric Company Schneider Electric SE. Bevins Co SandC Electric Company Hughes Power System NOJA Power Switchgear Pty Ltd Recent Key Developments In November 2022, NOJA Power introduced the EcoBreaker, the world's first solid dielectric insulated substation circuit breaker. Rated up to 40.5 kV with 2,500 A continuous current and 31.5 kA interruption capacity, the EcoBreaker offers an environmentally friendly alternative to SF6 and oil-based breakers In October 2023, NOJA Power expanded manufacturing capacity for the VISI-SWITCH®, a solid dielectric enclosed load break switch with visible isolation. This SF6-free switch provides a sustainable option for utilities seeking to eliminate SF6 gas insulation. In August 2024, Schneider Electric launched the EcoCare Services Membership Plan, aimed at extending asset lifespan and reducing carbon emissions. This initiative supports utilities in achieving sustainability goals while maintaining reliable service The report provides a detailed analysis of these key players in the global three phase sectionalizer industry. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, and agreements to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario. Trending Reports in Energy & Power Industry: Sectionalizer Market Size, Share, Competitive and Trend Analysis Report, 2024-2034 Single Phase Recloser Market Size, Share and Trend Analysis Report, 2023-2032 Voltage Regulator Market Size, Share, Competitive Analysis Report, 2024-2033 Protection Relay Market Size, Share and Trend Analysis Report, 2023-2032 Gas Insulated Switchgear Market Opportunity Analysis and Industry Forecast, 2023-2032 Ring Main Unit (RMU) Market Size, Share and Opportunity Analysis, 2023-2032 Surge Protector Market Size, Share and Trend Analysis Report, 2023-2032 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact us:David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 +1-503-894-6022Toll Free: +1-800-792-5285Fax: +1-800-792-5285help@ Web: Follow Us on | Facebook | LinkedIn | YouTube Logo: View original content to download multimedia: SOURCE Allied Market Research Sign in to access your portfolio
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Business Standard
01-05-2025
- Business
- Business Standard
NaBFID plans to raise up to ₹70,000 crore in FY26 for development push
National Bank for Financing Infrastructure and Development (NaBFID) is looking to borrow — including through market debt and credit lines — up to ₹70,000 crore in the current financial year (FY26), as against just over ₹23,000 crore raised in FY25, both from international and domestic markets. The current financial year may also see the development finance institution tapping the overseas market for its maiden fundraise through external commercial borrowings (ECBs). Rajkiran Rai G, its managing director, told Business Standard the government-owned financial institution has so far been using domestic sources. 'Now we plan to visit the international market through external
NDTV
28-04-2025
- Business
- NDTV
NaBFID Recruitment 2025: Registration Begins For 66 Posts, Check Details
NaBFID Recruitment 2025: The National Bank for Financing Infrastructure and Development (NaBFID) has started the registration process for the recruitment of various posts. The hiring drive aims to fill a total of 66 posts. Interested and eligible candidates can apply only by visiting the official website, NaBFID Recruitment 2025: Important Dates Online Registration of Application (Start Date): April 26, 2025 Last Date for Applying & Fee Payment (End Date): May 19, 2025 Date of Online Examination (Tentative): During the month of May/June 2025 Download of Examination Call Letters: 10 days before the Examination Cut-off Date for Eligibility Criteria i.e., Age, Educational Qualification, etc.: March 31, 2025 NaBFID Recruitment 2025: Age Limit Candidates must be between 21 and 32 years old as of March 31, 2025. Candidates must be born between April 1, 1993, and March 31, 2004, with both dates being inclusive. NaBFID Recruitment 2025: Application Fee The application fee for General, EWS, and OBC candidates is Rs 800 plus applicable taxes, while SC, ST, and PwBD candidates are required to pay Rs 100 plus applicable taxes, which covers only intimation charges. These fees are non-refundable. Before applying, candidates must ensure they meet the eligibility criteria, as fees will not be refunded if they are deemed ineligible. NaBFID Recruitment 2025: Selection Process The selection process consists of two main stages: an online exam and a personal interview. Additionally, the bank may conduct a psychometric test or group discussion to further assess the candidates' suitability. Candidates who perform well in the online exam will be shortlisted for the interview. The bank will decide how many candidates to call for an interview, typically 5-15 times the number of available positions.
