Friday, Apr 26 2024 | Time 09:17 Hrs(IST)
image
Business EconomyPosted at: Jan 21 2020 8:06PM


India presents USD 1 trillion opportunity for private sector for UN's SDGs, says report

New Delhi, Jan 21 (UNI) An almost USD10 trillion (USD9.668 trillion) opportunity for private-sector investors across all emerging markets to help achieve the UN’s Sustainable Development Goals (SDGs), with India representing USD1.124 trillion of that total, or more than 10 per cent, says a report.
Opportunity2030: The Standard Chartered SDG Investment Map identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets.
The greatest opportunity in India is found in achieving and maintaining universal access to electricity (a key SDG 7 indicator), representing a USD701.5 billion private-sector investment opportunity. This takes into account the proportion of the Indian population currently without access to electricity (7 per cent), projected population growth, and the growing demand for power as the economy develops.
The opportunity in the water and sanitation sector is smaller, but still sizeable. 24 per cent of the Indian population still do not have access to clean water and sanitation (a key SDG 6 indicator) and closing this gap by 2030 will require significant investment, with an opportunity for the private sector to provide around USD19.2 billion of the funding.
For SDG 9, which encourages improvement in industry, innovation and infrastructure, Opportunity2030 highlights private-sector investment opportunities in transport and improving digital access.
Securing full digital adoption in India – a combination of mobile phone subscription rates and internet connectivity – would require private-sector investment of around USD226.5 billion. To significantly improve India’s transport infrastructure by 2030 indicates a USD176.9 billion investment opportunity for the private sector.
Bharat Padmanabhan, Regional Head - Global Banking, ASEAN & South Asia, Corporate & Institutional Banking (CIB), Standard Chartered, said: ''As one of the world’s largest and most dynamic emerging economies, India is playing a central role in shaping the UN Sustainable Development Goals.''
He said its young and growing population means the investment required to achieve them by 2030 is significant. The private sector has a tremendous opportunity to help fund the infrastructure projects required to improve access to vital services, he maintained.
UNI RSA ADG 2006
Please log in to get detailed story.
Tags: #India presents USD 1 trillion opportunity for private sector for UN's SDGs# says report
More News

Arun Alagappan appointed as Executive Chairman of Coromandel International

25 Apr 2024 | 7:41 PM

Hyderabad, April 25 (UNI) Arun Alagappan has been appointed as Executive Chairman of Coromandel International Limited (CIL).

see more..

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

25 Apr 2024 | 7:28 PM

New Delhi, April 25 (UNI) Mahindra Group company Tech Mahindra, a technology consulting and digital solutions provider, on Thursday reported about 41 per cent decline in net profit at Rs 661 crore year-on-year basis for the fourth quarter ended March 31, 2024.

see more..

Kottayam-Kochi Rubber Market Rates

25 Apr 2024 | 7:26 PM

Kottayam, April 25 (UNI) Following were the Rubber Market rates announced by the Rubber Board here today per quintal.

see more..
Indusind Bank net up 15 pc in Q4

Indusind Bank net up 15 pc in Q4

25 Apr 2024 | 7:10 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported a 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023–24, compared to Rs 2,043 crore in the same quarter in 2022–23.

see more..

25 Apr 2024 | 6:53 PM

New Delhi, April 25 (UNI) Leading private bank Indusind on Thursday reported 15 percent jump in net profit at Rs 2,349 crore in Q4 of FY 2023-24 compared to Rs 2,043 crore in the same quarter in 2022-23.

see more..
image