Honeywell bets on India's green energy transition while urging balanced approach

India should pursue a balanced energy strategy that supports economic growth, including both fossil fuels and renewables. The pace of transition should not imperil energy supply.

Honeywell sees strong growth potential in India across aviation, automation/industrialization, and sustainable energy. It plans to expand its footprint with a focus on sustainability.

Key focus areas for Honeywell include supplying components for green hydrogen production and carbon capture technologies that could enable low-carbon hydrogen.

Costs of clean energy tech remain high. Government support is important to drive development, improve tech, and increase deployment to bring down costs over time.

India's future energy mix will likely comprise multiple sources - solar, biofuels, electrification, green hydrogen - with optimizing across value chains.