Tapping the Cleantech & Energy Market in India and Bangladesh

The Government of Ontario is offering a webinar that outlines the Indian government’s energy transition roadmap and the opportunities for Ontario solution providers to capitalize on market demand for energy predicted to surpass that of other countries in the coming decades.

India plans to invest C$5.7 billion in energy security and green transition strategies to achieve net-zero emissions by 2070, in order to curb the negative effect of climate change. The Indian government aims to meet 50% of its electricity requirements from renewable energy sources by 2030, more than double the current 22%.

The country’s rising electricity use is associated with increasing household wealth, infrastructure development, and the demand for air conditioning as heat waves intensify. With ambitions to become a manufacturing powerhouse, India’s economic growth will put pressure on the electricity grid and highlight the importance of green power generation.

In addition, Bangladesh has been one of the fastest-growing economies in Asia with an average annual GDP growth rate of about 6% in the last decade. Rising economic activity fueled by the country’s ready-made garment industry has increased the demand for energy, especially electricity, and spurred a desire to rely on more renewable sources instead of imported fuel. The Bangladesh government expects to graduate to high-income nation status by 2041 and produce 100% of electricity from renewables by 2050.

The webinar will cover:

• The experience of cleantech and energy solutions companies doing business in India and Bangladesh;
• Opportunities and strategies for Ontario companies to sell technologies to Indian and Bangladesh companies;
• Collaboration opportunities with Indian and Bangladesh stakeholders involved in cleantech and energy;
• Advice from industry experts and Ontario government staff on market-entry and growth strategies; and • Preliminary details of an Ontario government cleantech and energy export business mission to Elecrama in India in 2025, in addition to an optional outreach program in Bangladesh.

Contact: Fawzia Sheikh, Fawzia.Sheikh@ontario.ca, 1-647-252-2593