Page 66 - Policy Economic Report - Jan 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Highlighting the significance of the report released during the workshop, the Minister said that it provides
a data-driven, sector-specific roadmap for adopting biomass-based green heat and steam solutions across
industries such as textiles, food processing, chemicals, foundries and pharmaceuticals. The report also
brings out key policy and market enablers including biomass deployment obligations, standardised steam
supply agreements, biomass exchanges and strengthened supply-chain coordination, and is expected to
serve as a valuable reference for policymakers, industry and financial institutions.

The Minister underlined that technology alone cannot drive transformation and called for close
collaboration across the entire value chain, from farmers and FPOs supplying biomass to aggregators,
logistics providers, boiler manufacturers, energy service companies, financiers and regulators. He stressed
that MSMEs require confidence in fuel availability, pricing stability, operational reliability and supportive
policies, and noted that platforms such as this workshop are critical for trust-building, knowledge-sharing
and co-creation of solutions.

The Minister said that bioenergy truly embodies the spirit of Sabka Saath, Sabka Vikas. He expressed
confidence that the outcomes of the workshop and the insights from the report would accelerate the
adoption of green steam and heat solutions across the MSME sector and urged all stakeholders to convert
intent into action

Union Minister Pralhad Joshi Urges Global Investors to Partner in India’s Rapid Clean Energy Expansion
at World Economic Forum 2026, Davos

At the World Economic Forum Annual Meeting 2026 in Davos, Union Minister for New and Renewable
Energy Pralhad Joshi underscored that the real challenge of the global energy transition lies in building
infrastructure that is resilient, scalable and investment-ready.

Speaking at the session “Resilient Infrastructure for Growth”, the Union Minister highlighted India’s
experience of combining scale with system resilience, noting that under the leadership of Prime Minister
Shri Narendra Modi, the country has achieved 267 GW of non-fossil fuel capacity as of December 2025
and is firmly on track to meet its 2030 targets. This is backed by robust policies, strong domestic
manufacturing, grid modernisation, energy storage solutions and emerging frameworks for geothermal
and nuclear energy. He emphasised the need for patient capital, blended finance and deeper collaboration
among governments, the private sector and multilateral development banks to enable a sustainable and
inclusive global energy transition

Sustainability at the Core of Economic Growth

Union Minister for New and Renewable Energy Pralhad Joshi also delivered the keynote address at the
roundtable “Delivering Sustainability at Scale: Pathways for Global Transformation” in Davos, sharing
India’s perspective on how sustainability has moved to the core of economic growth and development.
Shri Joshi underlined that sustainability is no longer a peripheral concern but a central driver of
competitiveness, resilience and long-term growth. He emphasised that the defining challenge of this
decade is not whether the world should transition, but how sustainability can be delivered at scale, at
speed and in an economically strengthening manner.

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