Messe Frankfurt has entered into a strategic partnership with Constellar to co-create Mission Net Zero India Summit 2023, to be held between 7 and 8 December at IICC Dwarka, New Delhi. The summit will focus on accelerating global business pathways for India’s energy and clean mobility markets, capitalising on the existing core strengths of their regional and global intellectual property rights.
The objective is to power industry growth by giving rise to business opportunities and enabling connections to a global network of communities across these sectors.
India has pledged to net zero by 2070, and the estimated investment will be around $10.1 trillion by then. In the medium term, Prime Minister Modi has also pledged to add 500GW of non-fossil fuel-generating resources by 2030 as part of India’s long-term decarbonisation effort, which would give rise to $223 billion investments, according to BloombergNEF’s estimate.
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Natural gas, the transition fuel, sees an expected investment of INR 120,000 crore over the next ten years as the country ramps up its energy mix from 6% to 15% by 2030, Invest India gauges. Under announced ambitions, India will reach an EV sales share of 50% in 2030 across all road vehicle modes and IEA projects.
Paul Lee, Chief Executive, Constellar, said, “As countries around the world race to meet Net Zero goals, there is a strong impetus for Governments and industry leaders to accelerate their transition to new forms of green energy. Our alliance with Messe Frankfurt India will be a key step towards convening the global community to spark policy changes and strategic partnerships that will help shape a greener future for the world’s largest population.”
Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings, said, “I do believe that through this alliance we will be able to curate 'high-level knowledge platforms'having the right mix of both regional and global professionals, policymakers and other key stakeholders that truly represents the focussed industry sectors of our choice.”