SDG Investor Map for India launched by UNDP and Invest India

The Invest India and the United Nations Development Programme has launched the sustainable development goal investor map for India. It has laid out 18 Investment Opportunity Areas. This investment opportunity areas are in six critical sustainable development goals that were launched by the United Nations. The map will enable the factors that will help India in achieving its sustainable development goals. It will help India understand how it can reduce the SDG financing gap in the country.

Sustainable development goal investor map

The map has been developed in six sustainable development goal enabling sector such as Healthcare, education, financial services, agriculture and allied activities, renewable energy and alternative and sustainable environment.

Ten out of eighteen identified Investment Opportunity Areas have strong venture capital activity and private equity.

The sustainable development goals financing gap has widened by 400 billion USD due to the covid-19 pandemic in the developing countries. Even before covid-19 there was a shortfall of 2.5 trillion USD per annum of Financing gap.

SDG goals of India

India needs 2.64 trillion USD of investment to meet its United Nations sustainable development goals. According to the Standard Chartered, SDG investment map, India needs 1558 billion USD for clean energy, 377.4 billion USD for Digital access, 505 billion USD for Transport infrastructure and 192 billion USD for clean water and sanitation. According to the Standard Chartered, 7% of the country does not have access to Electricity.

Sustainable development goals

The sustainable development goals were launched by the United Nations in order to address the urgent political, environment and economic challenges faced by the world. As India is home to 17 % of World Population it has a significant role in making a declaration of these goals. These scores were adopted at the 2015 United Nations General Assembly. There are 17 sustainable development goals that aims to end property, tackle climate change and fight in inequalities.

In order to achieve the sustainable development goals India introduced BS-BI petrol and diesel, pledged to eliminate single use plastic in the country by 2022, founded International solar Alliance that aims to deploy 2,000 gigawatts of solar energy by 2030, to reduce carbon emissions by 33 to 35% by 2030 as compared to the 2005 levels, to achieve 40% electric power installed from non-fossil fuel, to create a carbon sink of 2.5 to 3 billion tonnes of carbon dioxide through tree cover by 2030.

Month: Current Affairs - November, 2020