Davos 2025: India Has Overtaken China In Renewable Energy Investments, Says Dassault's Florence Verzelen
India's commitment to renewable energy is noteworthy, with the country now leading China in investments, according to Florence Verzelen, executive vice president of industry, marketing and sustainability, at Dassault Systèmes.
Verzelen credited the Indian government's policies, such as incentives and initiatives to attract companies, for fostering innovation and ensuring research and development activities.
"The segment where we have seen a lot of impact is renewable energy. You know in Q3, India was the country in the world where there was most investment in renewable energy. Before it was China, now it is India," Verzelen told NDTV Profit's Niraj Shah, on the sidelines of the World Economic Forum 2025 in Davos.
Verzelen is particularly optimistic about India's role in energy transition, pointing to collaborations like the one with the Adani Group. She believes that India's ambitious target, backed by cutting-edge technology, will demonstrate how large-scale energy transitions can be successfully executed.
The auto market in India is also thriving, with global companies recognising the need to innovate within the country. As more EV players invest heavily in India, Verzelen is excited about the country's growing role in the global market, particularly with its impressive number of patents and skilled workforce.
She also highlighted Dassault Systèmes' own expansion in India, opening research centers to tap into the country's skilled and innovative talent pool. She sees significant growth opportunities, particularly in sectors like electric vehicles, where India is emerging as a global leader, especially in the two-wheeler market.
Verzelen commended India's advancements in skills development, noting that the country's focus on education has resulted in a highly skilled and enthusiastic workforce.
Over the past 20 years, India has made considerable strides in R&D, particularly in EV software, consumer goods and life sciences. She emphasised the country's progress in life sciences, especially with the "Make in India" initiative, which benefits from a strong educational foundation and a commitment to sustainability.
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