Goa 06 Feb 2024:In a momentous ceremony held in Goa, Prime Minister Shri Narendra Modi officially opened India Energy Week 2024, the nation’s largest and most comprehensive energy exhibition and conference. Addressing a gathering of global energy leaders, the Prime Minister underscored India’s impressive economic growth, positioning it as the world’s fastest-growing economy and a key player in the global energy sector.Prime Minister Modi shed light on India’s status as the third-largest consumer of energy, oil, and LPG globally. He outlined ambitious plans to meet the doubling energy demand by 2045, emphasizing the need for strategic initiatives to sustain the country’s growth momentum.Highlighting the recent budget’s significant allocation of 11 lakh crore rupees for infrastructure, PM Modi emphasized that a substantial portion will contribute to the energy sector. This injection of funds is poised to create vital assets in various sectors, leading to an expansion of India’s energy capacity.The Prime Minister drew attention to India’s commitment to circular economy principles, emphasizing the importance of reuse in the energy sector. Notably, he lauded the Global BioFuel Alliance, an initiative aimed at encouraging biofuel usage worldwide. India’s progress in adopting biofuels, particularly the significant rise in ethanol blending, was highlighted as a step towards reducing carbon emissions.PM Modi highlighted India’s impressive global ranking as the fourth-largest in renewable energy installed capacity. The country’s strides in solar energy were emphasized, showcasing a growth of over 20 times in the past decade. A major mission was announced to install Solar Rooftop Panels in one crore homes, contributing to self-reliance and surplus electricity delivery to the grid.The Prime Minister underscored India’s commitment to a sustainable future by introducing the National Green Hydrogen Mission. This initiative positions India as a potential hub for hydrogen production and export. Reiterating India’s dedication to environmental conservation, PM Modi affirmed the nation’s goal to achieve Net Zero Emissions by 2070.In closing, Prime Minister Modi highlighted the collaborative nature of India Energy Week 2024, expressing optimism about building a prosperous and environmentally sustainable future. He encouraged global collaboration, knowledge sharing, and exploration of avenues for sustainable energy development.The inauguration of India Energy Week 2024 marks a pivotal moment in India’s journey towards energy self-reliance. With a focus on innovation, sustainability, and global cooperation, the event sets the stage for a greener and more resilient future in the energy sector.
India Energy Week 2024 Inaugurated by PM Modi in Goa – A Vision for Sustainable Energy Transition
