Prime Minister Narendra Modi invited stakeholders across the world to invest in renewable energy and related sectors, and the potential of solar, wind and biogas in India is no less than any goldmine or oil field for the private sector which seeks to ensure green energy growth of India.
He said “The Budget (2023-24) will play a key role in establishing India as a lead player in the global green energy market. That is why, today, I invite every stakeholder of the energy to invest in India”, while noting that India’s commanding position in renewable energy space will ensure a commensurate change in the world.
He was addressing the first of a series of 12 post-budget webinars organised by the government to seek ideas and suggestions for the effective implementation of the initiatives announced in the Union budget.
Stating the increase in production of renewable energy; reducing the use of fossil fuel in the economy; and rapidly moving towards a gas-based economy in the country are “three pillars for green growth and energy transmission”, he flagged various provisions of the budget that will help stakeholders including starts-up and MSMEs tap the potential in various fields ranging from waste to energy, green hydrogen, energy storage and gas-based economic activities to the multi-crore vehicle scrapping sector.
“This budget is not only an opportunity, but it also contains the guarantee of our future security”, PM said as he urged stakeholders to act quickly to implement all its provisions. Green growth is one of the seven top priorities of Budget 2023-24 for ushering in industrial and economic transition, environmentally friendly agriculture and sustainable energy in the country.