At a time of geopolitical fragmentation and growing concentration risks in critical supply chains, stronger cooperation on clean technology manufacturing can help both the EU and India reduce strategic vulnerabilities while building domestic industrial capacity.
For the EU, India offers scale, cost-competitive manufacturing and a trusted partner for diversifying clean-technology supply chains as Europe accelerates its energy transition.
Partnership with the EU can support India’s ambition to become a global clean-energy manufacturing hub. It will also help India diversify its export markets, while strengthening domestic value chains across clean tech supply chains.
The economic opportunity is substantial. India’s clean-technology market could reach USD90–135 billion by 2030 across solar, wind, batteries, hydrogen, electric vehicles and grid equipment.
These benefits can be catalysed by a robust EU-India partnership that allows each side to play to their existing technological and sectoral strengths, creating a stable framework for trade and investment that supports jobs and growth. In this context, the EU–India Free Trade Agreement should be seen as a platform for deepening future cooperation – not as an end point.
