India leading global growth, energy sector at the core: PM Modi

India Energy Week – PM Modi addresses

Key Highlights:

• India’s global role: PM Modi emphasized India’s crucial role in domestic and global economic growth, with the energy sector at the core.
• Vision for 21st century: India aspires to be a global leader in energy and sustainability.
• Five pillars of energy ambitions:
  1. Abundant resources
  2. Brilliant minds
  3. Economic strength
  4. Political stability & strategic geography
  5. Commitment to global sustainability

Targets & Achievements:

• By 2030:
  • Add 500 GW of energy capacity
  • Achieve net-zero carbon emissions for Indian Railways
  • Expand green hydrogen production
• Past 10 years achievements:
  • India is the 5th-largest economy
  • Solar generation capacity doubled; India is 3rd-largest solar power-generating nation
  • Non-fossil fuel energy capacity tripled
• Biofuels:
  • 90% ethanol blending rate achieved
  • 500 million metric tons of sustainable feedstock for biofuels
  • Global Biofuels Alliance now has 28 nations + 12 international organizations

Hydrocarbon & Energy Policy Initiatives:

• Open Acreage License Policy (OALP)
• Opening of Exclusive Economic Zone for exploration
• Single-window clearance system to attract investment

Inclusive Energy Programs:

• PM Suryodaya Mukt Bijli Yojana – empowers families & farmers as energy providers, creates solar sector jobs, and builds new service ecosystem

Sustainability Focus:

• India is committed to providing energy solutions that drive growth while preserving nature
• Event expected to foster innovation and global collaboration in energy sector
  
  Updated - 11 Feb 2025 ; 12: 30 PM | DD News