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“No Less Than A Goldmine”: Prime Minister Narendra Modi On India’s Potential In Green Energy

PM Modi said that India will play an important role in green energy and invited the stakeholders to invest in the country

New Delhi: Prime Minister Narendra Modi on Thursday (February 23), sought investments in green energy sector saying that the country’s potential in renewable energy is no less than a “goldmine”. Addressing a webinar on various announcements made in the Union Budget 2023-24 on green growth, PM Modi said,

India will play an important role in green energy, I invite all stakeholders to invest in India.

He stated that the potential of renewable energy like solar, wind energy and biogas in India is not less than a goldmine, he said. PM Modi said that the government is very focused on biofuel and it will bring a lot of opportunity for investors.

Also Read: India To Focus On Energy-Related Issues In Its G20 Presidency

He referred to India achieving 10 per cent ethanol blending target five months ahead of schedule. He also talked about meeting the target of 40 per cent non-fossil fuel capacity nine year ahead of schedule.

He stated that Budgets since 2014 have not just addressed present challenges but have furthered new-age reforms.

India targeting production of 5 million tons per annum of green hydrogen and provided ₹ 19,000 cr incentive for private sector under National Hydrogen Mission.

He also talked about ₹ 3,000 crore provision in the Budget for vehicle scrapping and about 3 lakh government vehicles that are older than 15 years to be scrapped.

He stated that India has to increase battery storage capacity to 125 giga-watts hour. India has set an ambitious target of having 500GW of renewable energy by 2030.

Also Read: Will Transform Stubble Into Wealth Creating Opportunities: Chief Minister Manohar Lal Khattar

(This story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV – Dettol have been working towards a clean and healthy India since 2014 via the Banega Swachh India initiative, which is helmed by Campaign Ambassador Amitabh Bachchan. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ populationindigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In wake of the current COVID-19 pandemic, the need for WASH (WaterSanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental wellbeing, self care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity, which is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollutionwaste managementplastic banmanual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diahorrea and the country can become a Swasth or healthy India.

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