PR No – 166
25th September, 2024
New Delhi
Green-Tech & EV Startups to play a critical role in Viksit Bharat by 2047
PHDCCI organised Viksit Bharat Conclave 2024 with the theme New Era of EV, Green-Tech & Digital Start-ups on 24 September at PHD House, New Delhi which brought together Policy Makers, Industry leaders, a large number of Startups, Innovators and Researchers on one platform to deliberate on Green-tech Startups. Alliance of Digital India Foundation was the Co-Host of the event.
The Chief Guest of the Conclave, Mr. Sudhendu J Sinha, IRTS, Adviser, NITI Aayog, stated that for the first time in 75 years after independence, India was seriously working towards becoming Viksit Bharat. He informed that the Government had identified 26 themes on which deliberations were going on to develop Vision Documents with specific milestones and deadlines. He underscored that significance of EV and Green-Tech sectors for a Viksit Bharat by 2047 and termed PLI schemes as game changing developments
As India accelerates its journey towards electric mobility, PHDCCI, in collaboration with the OMI Foundation as the Knowledge Partner, unveiled a comprehensive report titled “Powering Startups and MSMEs for an EV-Ready India”, released today during PHDCCI’s Viksit Bharat Conclave
With India’s Panchamrit goals focusing on addressing climate change, Electric mobility – with its potential to decarbonise the mobility and energy sectors alike – is a low-hanging fruit. As India aims for 30% EV penetration by 2030, startups and Micro, Small, and Medium Enterprises (MSMEs) are playing a pivotal role in driving this transition. The knowledge report, therefore, highlights the critical contributions of startups and MSMEs in shaping the EV landscape and are leading the charge towards a cleaner, more sustainable future. Recommendations in the report include expanding credit access, diversifying financing channels, and fostering collaborations among startups, incubators, and financial institutions to bridge the funding gap. With a focus on skill-building and inclusion, the report emphasises the need for customised training programs and promoting the participation of women, persons with disabilities, and marginalised communities in the EV industry.
“Startups and MSMEs are the engines of innovation in the EV sector. With the right policy support and investments, India is well-positioned to lead the global EV movement, providing localised solutions that cater to both domestic needs and international markets”, said Ms. Aishwarya Raman, Executive Director, OMI Foundation.
Commodore Amit Rastogi, CMD, National Research Development Corporation, gave a brief description about the various schemes of NRDC for supporting Green-tech Startups and highlighted the significance of IPR in the success of Startups.
Mr Salil Gupta, Co-Chair, Power Committee, PHDCCI, in his Welcome Address said that Green-Tech & EV Startups to play a critical role in Viksit Bharat by 2047. He informed that Viksit Bharat, or Developed India, is not just a goal; it’s a mission that encompasses our aspirations for a nation that is economically robust, environmentally conscious, and technologically advanced. In this vision, the role of EVs and green-tech cannot be overstated.
Mr. Prateek Jain, Associate Director, Alliance of Digital India Foundation, said that “As co-hosts, we were thrilled to bring together the brightest minds in innovation, investment, and industry leadership to chart the course for a sustainable and digitally empowered India. This conclave served as a Launchpad for transformative ideas that will shape our nation’s future.”
Mr Saurabh Jain, Consultant, ADIF, conducted the Session on Progressive Digital Laws for a Vibrant/Viksit Greentech Start-up Ecosystem in India and gave a brief about Lessons which mobile app revolution holds for EV revolution and how Indian startups can defend themselves from BigTech’s dominance.
Ms. Aishwarya Agarwal, Lead – Centre for Inclusive Mobility, OMI Foundation moderated the Sesison on EV-Ready India: Feminising the EV Value Chains to Propel India’s Growth with Ms. Meenu Sarawagi, EVP & Chief – Strategy & Operations, Automotive Skills Development Council (ASDC), Mr. Yogesh Kumar, Founder & CEO, Even Cargo, Mr Prakash Gupta, OMI Foundation as the Panelists.
Mr Aditya Prasad, Head-BD, IIM Lucknow Enterprise Incubator Centre, moderated the Session on Funding of EV & Green Tech Start-ups with Mr Nishant Idnani, MD, Vaultus Green Funding, Mr Manoj Gupta, EVP & Business Head, JBM Group, Mr Mukesh Malik, Co-Founder & CEO, GK Consulting and Mr Nomaan Majeed, Associate Director, Lords Technology & Business Incubator, as the Panelists who guided the Startups about the right approach for getting funding for their Startups.
At the end, Mr Mayank Chauhan, Founder, LogicLadder Technologies Private Limited and Mr Anket Kapoor, CEO, SolarFix discussed the journey and difficulties of Successful Startups.
Ms Mili Dubey, ASG, PHDCCI delivered the Opening Remarks and Punit Chaudhry, Secretary, PHDCCI, moderated the Sessions. The event had 175 delegates and a concurrent expo was also organised where an Electric Tractor displayed was the major attraction.
The event was supported by – NTPC, ADIF, Startup India, IIM Lucknow Incubator GCCI, Ecomotion EVV Pvt Ltd. along with PHDCCI annual sponsors, DLF Ltd; Jindal Steel & Power; KLJ Group; Multani Pharmaceuticals Ltd; Marble City; MMG Group; Radico Khaitan Ltd; Uflex Ltd; Vestige; Eazy ERP Technologies; JK Tyre & Industries Ltd; Sagar Group of Industries; Superior Industries Limited; Samsung India Electronics; Oswal Greentech; Apeejay Stya Group; Blossom Kochhar Beauty Products Pvt Ltd; DCM Shriram; R E Rogers; Trident Group; Ajit Industries Pvt Ltd; Bhagwati Plastic and Pipes Industries; Central Coalfields Ltd; DD Pharmaceutical Ltd.; Hindware Sanitary; Jindal Steel; Modern Automobiles; P S BEDI & Co.
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Warm Regards,
Media Division
PHD Chamber of Commerce and Industry