India's Push for Green Energy and Economic Growth
Key Ideas
  • Prime Minister Modi emphasized the importance of energy security and transition for India's economy and ecology during the CII Post Budget Conference.
  • The Union Budget 2024-25 includes significant allocations for green sectors like green hydrogen, electric vehicles, and a scheme providing Rs 75,000 per household.
  • Initiatives like the Critical Minerals Mission and offshore mining block auctions aim to boost the country's energy sector and pave the way for clean energy transitions.
  • India is working on small nuclear reactors to enhance energy generation and supply chain businesses, encouraging industry players to contribute to the nation's growth.
Prime Minister Narendra Modi, speaking at the CII Post Budget Conference in New Delhi, highlighted the focus on green jobs and green energy sectors in the recently tabled Union Budget 2024-25. He emphasized the importance of energy security and transition for India's economy and ecology, mentioning allocations for sectors like green hydrogen, electric vehicles, and the PM Surya Ghar Yojana which aims to provide Rs 75,000 per household. The Budget also includes increased allocations for nuclear power generation, the launch of the Critical Minerals Mission, and plans to auction offshore mining blocks. India's efforts towards clean energy were emphasized, with a focus on small nuclear reactors to benefit energy production and supply chain businesses. Prime Minister Modi urged the industry to contribute towards making India a global player in various sectors, emphasizing the significance of energy security and transition for the nation's growth.
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