India-Japan Environmental Business Promotion Seminar - Exploring Collaboration Opportunities toward Decarbonized and Sustainable Society in India

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The seminar was held to provide information on technologies and initiatives that contribute to solving India's environmental problems and building a sustainable society. In particular, the seminar focused on sharing information on the Joint Crediting Mechanism (JCM) program, the project development process, good practices and promising Japanese technologies.
The panel discussion focused on the potential for cooperation between Japan and India in realizing a decarbonized and sustainable society, and the role of technical cooperation in India's transition to a net-zero society. Furthermore, business negotiations between Japanese and Indian companies were held during the business networking session to explore new business opportunities.

India-Japan Environmental Business Promotion Seminar

1.Outline
　Date and Time: March 4, 2025, 11:00-16:30 (IST）(14:30-20:00 JST)
　Organizer: Ministry of the Environment (MOE), Japan
　Partner Organizations: Federation of Indian Chambers of Commerce and Industry (FICCI)
　　　Japanese Chamber of Commerce and Industry of India (JCCII)
　　　Institute for Global Environmental Strategies (IGES)
　　　Overseas Environmental Cooperation Center, Japan (OECC)
　Format and Venue: In-person, The Leela Palace New Delhi, New Delhi, India

2.Participants
There were approximately 120 participants from government agencies and private companies.

3.Program

Opening
11:00-11:05	Opening Remarks IINO Satoru, Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment (MOE), Japan <Overview> Introduced the objectives and program of the seminar, stating that through this seminar, both sides will gain knowledge and learn the importance of promoting business related to decarbonization, which in turn will pave the way for the start of the JCM between Japan and India.
Keynote Speech
11:05-11:25	India's Energy and Decarbonization Policies and Potential for Collaboration Mr. Rajani Ranjan Rashmi, Distinguished Fellow, TERI, Former Special Secretary of Ministry of Environment, Forest and Climate Change (MOEFCC), Former Chief Negotiator for Climate Negotiations <Overview>　 Provided an introduction to India's emissions as a proportion of the global total, its position in terms of economic growth, its decarbonization policies and progress, and its future goals and policy outlook. Also mentioned the use of international carbon markets as a means to promote decarbonization technologies, and noted the potential for cooperation with Japan in the 14 eligible project types under Article 6 of the Paris Agreement announced by the Indian government.
Introduction of Joint Crediting Mechanism (JCM) Scheme and JCM Project Development
11:25-11:55	<Overview> The latest trends in the JCM, the Japan Fund for the Joint Crediting Mechanism (JFJCM), JCM feasibility studies, and JCM project formation were introduced. Recent Development of JCM KINAME Kohei, Deputy Director, Office of International Carbon Market, Global Environmental Bureau, Ministry of the Environment (MOE), Japan　 Japan Fund for the Joint Crediting Mechanism Mr. MURAYAMA Takahiro, Climate Change Specialist, Climate Change, Resilience, and Environment Cluster, Climate Change and Sustainable Development Department, Asian Development Bank (ADB)　 Introduction of JCM Feasibility Study Mr. NOSE Daiki, General Manager of Sustainable Development Section, Sustainability Promotion Department, PACIFIC CONSULTANTS CO., LTD. JCM Project Development Points for the Local Partners　 Ms. FUKIZAWA Nene, Researcher, Overseas Environmental Cooperation Centre (OECC)
Introduction of JCM's Best Practices in JCM Partner Countries
11:55-12:30	<Overview> The following three companies presented JCM projects on waste-to-energy and geothermal power generation in JCM partner countries, as well as a JCM feasibility study on compressed biogas technology in India. JCM Case Study – Waste to Energy Mr. TAKAHASHI Gen, Deputy General Manager, Sales & Marketing Department, Global Business Division, Environmental Solutions Sector JFE Engineering Corporation　 JCM Case Study - Geothermal in the Philippines Mr. Francisco Carlo L. Santos, AVP and Head of Project Development, Business Development Group, Energy Development Corporation JCM Feasibility Study Mr. IWAMOTO Osamu, Senior Vice President, Environmental Energy and Power Solution Group, Mitsubishi Corporation India Pvt. Ltd.
12:30-13:30	Lunch
Session on Potential Projects Stimulating Green Economy Investment in India
13:30-15:00	<Overview> The following seven companies presented their technologies in various areas, including Battery Storage, CCUS, and Green Hydrogen, in relation to India's green economy and potential projects that could stimulate investment in India. Hydrogen generating device Mr. Sambit Mohanty, Group Head, Business Development Department, Kanadevia India Private Limited, Kanadevia Corporation Ammonia utilization Mr. SAKANO Takashi, General Manager, New Energy Projects, New Delhi Liaison Office, IHI Corporation Carbon Dioxide Recover (CDR) Technology Mr. KIMURA Rei, Managing Director, Mitsubishi Heavy Industries India Pvt. Ltd., Mitsubishi Heavy Industries Ltd. PV + Battery Energy Storage System (BESS) Mr. Vikash Sharma, Director and Mr. Subrata Battacharya, Senior Adviser, Indiahub E-Governance Private Limited (aligned with Farmland Co., Ltd (Farmdo Group)) Energy management system Mr. Kunal Soni, Business Manager, HORIBA India Private Ltd., HORIBA, Ltd. Steam management system Mr. Ravi Mishra, TLV India Private Limited, TLV CO., LTD. Coke Dry Quenching (CDQ) Mr. NAKAJIMA Hiroki, General Manager (Technical), NIPPON STEEL INDIA PRIVATE LIMITED, Nippon Steel Corporation
	Panel Discussion <Overview> The representatives from the Indian and Japanese governments, private companies and aid organization participated in a panel discussion on Japan-India environmental cooperation. The Indian government highlighted the long-term cooperation between the two countries in the energy sector and introduced the energy conservation guidelines for large industries and small and medium-sized enterprises that it had developed in cooperation with the Energy Conservation Center, Japan. The Japanese government expressed its hope for the continuation of Japan-India environmental technology cooperation and for the JCM to promote the compatibility of decarbonization and economic growth, and stated that cooperation between the government and the private sector is essential for the realization of a net-zero society. The private companies expressed that building a net-zero society requires large-scale technological deployment and emphasized that their expectations for the use of Japanese technology and financial resources taking into account India's unique conditions and environment, as well as carbon credit systems, such as the JCM. In addition, Japanese development aid organizations emphasized the importance of raising awareness among all stakeholders, including the government and private companies, in order to mainstream investments in clean and energy-efficient technologies. <Panelists> Mr. Milind Deore, Secretary, Bureau of Energy Efficiency (Ministry of Power, India) IINO Satoru, Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment (MOE), Japan Mr. Naveen Ahlawat, Chief Procurement Officer & Head, Green Hydrogen and Gasification, Jindal Steel and Power Limited Ms. Sugandha Jayaswal, Resident Executive, Tata Steel Dr. Rambabu Paravastu, Co-Chair, FICCI Environment & Climate Change Committee & Chief Sustainability Officer, Greenko Group Mr. TAKAHASHI Akito, Senior Representative, Japan International Cooperation Agency, JICA India Office
High Level Speech
15:10-15:30	High Level Speech Mr. Manish Sharma, Chair FICCI Resource Efficiency and Circular Economy Industry Coalition (RECEIC), Chair FICCI Electronics Manufacturing Committee, Chairman Panasonic Life Solutions, India and South Asia　 <Overview> Emphasized the importance of resource efficiency and a circular economy in creating a sustainable socio-economic system in India, and noted that the Resource Efficiency and Circular Economy Coalition, established during India's G20 presidency, is leading the promotion of these on behalf of industry. Also mentioned the importance of public-private partnerships and the formulation of time-bound action plans to promote energy security, as well as the possibility of Japan-India cooperation in areas such as value chains and supply chain management, using the example of battery storage, and welcomed the participation of Japanese small and medium-sized enterprises. MATSUZAWA Yutaka, Vice Minister for Global Environmental Affairs, MOE Japan　 <Overview> Expressed his gratitude to the participated organizations, and emphasized the importance of international cooperation, as decarbonization is difficult to achieve through the efforts of a single country alone. Also mentioned that accelerating investment through credit mechanisms is effective, and expressed the intention to promote investment from Japan to India through the JCM framework between Japan and India.
	Group Photo
Business Matching
15:30-16:30	Business networking

The program, speakers, presentation manuscripts, and materials have been posted on the following website.
http://carbon-markets.env.go.jp/en_info-2/en_info_event/y-2025/20250304/

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