IREDA ready to support Indian RE sector

Mumbai: Addressing the 61st National Convention of Cost and Management Accountants today at Ekta Nagar, the Statue of Unity in Gujarat, Mr. Pradip Kumar Das, Chairman and Managing Director, IREDA, showcased his pivotal role in supporting the development of renewable energy in India, supported by significant industry expertise and focus on corporate governance, including publication of annual audited financial results for FY24 within 19 days – the fastest in the Indian banking and financial services sector and holding the annual general meeting within 84 days.

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Mr. Das highlighted the large scale of investment required in infrastructure sectors in India (like power, roads, ports etc.) totaling Rs 220-260 Lakh Crores between FY24 and FY30 as per the National Infrastructure Pipeline. Investment in renewable energy is projected at Rs 30 Lakh Crores by 2030, unlocking an addressable debt market of over Rs 22 Lakh Crores for green financial institutions like IREDA.

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In the context of the theme ‘Green Consulting’, Mr. Das spoke about IREDA’s commitment to promoting technological integration, operational excellence and policy alignment in the renewable energy sector through advisory and consultancy services.

According to CEEW, the Indian green consulting market, currently at Rs 2,000-2,500 crore, is expected to grow to Rs 14,000-16,000 crore by 2030, given the strong demand for renewable energy project consultancy services, environmental impact assessment and ESG reporting.

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