<h1>India sustainable energy transition needs competitive financing and multilateral bank support for renewables and storage.</h1> Seminar focused on financing India's low carbon energy transition, highlighting required investments in solar, wind, green hydrogen, battery storage, and smart grids; the need for innovative and competitive financing mechanisms; and the catalytic role of multilateral development banks in mobilising resources, enabling low cost technology transfer, and promoting climate smart investments. The New Development Bank reiterated its strategic commitments to allocate a significant share of financing to climate projects and to increase local currency lending to support resilient, inclusive clean energy infrastructure.