Prime Minister Narendra Modi said that the federal government could be very focussed on bio-fuel and it’ll convey a lot of alternative for buyers. File photograph
| Photo Credit: ANI
Prime Minister Narendra Modi on Thursday, February 23, 2023, sought investments in green energy sector saying that the nation’s potential in renewable energy is no less than a “goldmine”.
Addressing a webinar on numerous bulletins made in the Union Budget 2023-24 on green progress, Mr. Modi stated, “India will play an important role in green energy, I invite all stakeholders to invest in India.” He said that the potential of renewable energy like photo voltaic, wind energy and biogas in India isn’t less than a goldmine, the Prime Minister stated.
Also learn: Budget 2023 | Major thrust deliberate for green energy
Mr. Modi said that the federal government could be very focussed on bio-fuel and it’ll convey a lot of alternative for buyers.
The PM referred to India attaining 10 per cent ethanol mixing goal 5 months forward of schedule. He additionally talked about assembly the goal of 40 per cent non-fossil gas capability 9 yr forward of schedule.
Mr. Modi said that Budgets since 2014 haven’t simply addressed current challenges however have furthered new-age reforms.
India concentrating on manufacturing of 5 million tons every year of green hydrogen and offered ₹19,000 cr incentive for personal sector beneath National Hydrogen Mission.
He additionally talked about ₹3,000 crore provision in the Budget for car scrapping and about 3 lakh authorities automobiles which are older than 15 years to be scrapped.
He said that India has to extend battery storage capability to 125 giga-watts hour.
India has set an bold goal of getting 500GW of renewable energy by 2030.
