5 new industrial clusters from India joins Transitioning Industrial Clusters initiative (TICI) | Current Affairs | Vision IAS
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These include Gopalpur Industrial Park, Kakinada Cluster, Kerala Green Hydrogen Valley, Mundra Cluster & Mumbai Green Hydrogen Cluster.

  • Industrial clusters are geographically concentrated areas or hubs where interconnected industries, companies and institutions collaborate to drive economic growth.
  •  A report released by WEF showcases the role of industrial clusters in providing economies of scale, shared risk & demand optimisation. Moreover, they offer unique benefits driven by local context, location and makeup of its members.

Challenges inhibiting Clean Energy Infrastructure Development

  • Green premium issue: E.g: Green ammonia production costs are nearly three times the average cost of production via fossil fuels in 2023.
  • Fragmentation of standards, certifications and policies for clean fuels: E.g: There are 34 certification schemes for hydrogen and its derivatives (e.g. ammonia) globally.
  • Others: Lack of strong demand, Gaps in governance, data protocols and controls 

Recommendations to Scale up Clean Energy Infrastructure

What is the Transitioning Industrial Clusters Initiative?

  • It is an World Economic Forum's initiative which was first launched at UNFCCC’s COP26 (Glasgow, UK, 2021)
  • It presently comprises 33 clusters in 16 countries and five continents.
  • It is the largest coalition of co-located companies and public institutions pledging to reduce their greenhouse gas (GHG) emissions while boosting economic growth and job creation. 
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