The ITA has identified more than 65 potential clean industrial projects across sectors, including aluminium, steel, cement, chemicals, and aviation, to advance a first wave to final investment decision within the next two to three years.
The Industrial Transition Accelerator (ITA), a global initiative launched at COP28 to fast-track decarbonisation in heavy-emitting sectors, will formally launch its India Project Support Programme on November 4 in New Delhi.
The launch will mark the start of implementation, building on preparatory work carried out earlier this year in collaboration with Boston Consulting Group (BCG), a global management consulting firm, and the Confederation of Indian Industry (CII), India’s leading industry association.
The programme aims to accelerate commercial-scale, near-zero emissions industrial projects to final investment decision (FID) by addressing key barriers in policy, finance, and technology. It will convene national stakeholders, including government agencies, industry leaders, financial institutions, and ecosystem partners, to coordinate action and unlock clean industrial growth.
On the day of the launch, ITA and BCG will also release a new report titled India Insights Briefing: Unlocking India’s Clean Industrialisation Opportunity. The briefing outlines how clean industrial growth can boost India’s global competitiveness, attract investment, and position the country as a leader in the emerging clean economy. It also identifies bottlenecks to investment and proposes pathways to scale industrial decarbonisation.
The ITA has mapped over 65 potential clean industrial projects across sectors such as aluminium, steel, cement, chemicals (ammonia and methanol), and aviation. The goal is to bring a first wave of these projects to FID within the next two to three years.
James Schofield, Managing Director of ITA, said India’s industrial transformation represents a “once-in-a-generation opportunity” to drive growth, competitiveness, and climate ambition. “India is uniquely positioned to lead the global shift to clean materials, fuels, and technologies,” he said, citing the country’s low-cost energy, dynamic private sector, and strong policy momentum.
“This programme comes at a critical moment to accelerate breakthrough technologies toward commercial deployment,” said Sumit Gupta, APAC Leader for Climate & Sustainability Practice at BCG.
Yash Kashyap, India Lead at ITA, added, “This is the first step in turning India’s decarbonisation ambition into bankable, investable projects.”
A closed-door workshop following the launch of the India Project Support Programme will convene senior officials, industry leaders, and financiers to address investment barriers and identify actionable steps to translate clean industrial plans into operating assets.