NewKerala.com

PM Modi: Green Energy Investments Key to Global Market Access for Indian Firms

Prime Minister Narendra Modi stated that Indian companies investing in clean energy will gain better access to reshaping global supply chains. He emphasized that sustainability must become a core business strategy, a vision supported by the Union Budget's robust framework. The budget allocates a record Rs 32,914 crore to the Ministry of New and Renewable Energy, including major funding for solar rooftops and the Green Energy Corridor. Modi called for collective action from industry and stakeholders to realize these green goals and drive India's growth.

Key Points: PM Modi Links Clean Energy to Global Supply Chain Success

  • Green energy investments open global markets
  • Budget reinforces growth commitment
  • Record Rs 32,914 crore for renewables
  • Collective effort needed from industry
2 min read

Indian firms making clean energy investments will reach better markets globally: PM Modi

PM Modi says Indian firms investing in green energy will access better global markets as supply chains reshape. Budget boosts renewables.

"Sustainability needs to be the core business strategy now - Prime Minister Narendra Modi"

New Delhi, March 3

Prime Minister Narendra Modi on Tuesday said that as global supply chains are being reshaped, Indian companies who are making clean and green energy investments will be able to reach better markets worldwide.

Addressing a post-budget webinar, PM Modi highlighted that this year's Union Budget reinforces our commitment to sustaining and strengthening economic growth.

"Sustainability, carbon capture, utilisation and storage missions are important steps. Sustainability needs to be the core business strategy now, and this year's Budget has given a robust framework towards that," said the Prime Minister.

Towards realising this framework, "industry, investors and other stakeholders must move together. A collective ownership should be seen on the ground. You need to create momentum, join government efforts and give constant feedback to make this happen," PM Modi told policymakers, industry leaders and other stakeholders.

"Global supply chains are being reshaped. The Indian economy is growing fast towards 'Viksit Bharat'. Our direction and 'Sankalp' is clear: build more, produce more, connect more, and export more," the Prime Minister highlighted.

The budgetary allocation to the Ministry of New and Renewable Energy has been enhanced to a record high of Rs 32,914 crore, with Rs 22,000 crore allocated to the solar rooftop scheme PM Surya Ghar Yojana. The Green Energy Corridor project received Rs 600 crore to enhance infrastructure and integrate renewable energy.

Moreover, the allocation for the National Green Hydrogen Mission has been maintained at Rs 600 crore for FY2026-27, unchanged from the Budget Estimates for 2025-26.

PM Modi further stated that manufacturing, logistics, MSMEs and small towns are the pillars of India's growth.

Under the broad theme of sustaining and strengthening economic growth, four separate sessions are being organised as part of the post-Budget webinar.

These will cover manufacturing, industrial upgradation and strategic sectors; MSMEs, finances and market access; city economic regions; and infrastructure, logistics and freight.

The discussions are expected to explore how reforms announced in the Budget can help expand industrial capacity, improve competitiveness and boost job creation.

- IANS

Share this article:

Reader Comments

P
Priya S
Good direction, but the allocation for the Green Hydrogen Mission seems stagnant at Rs 600 crore. For a mission-critical technology, shouldn't we be ramping up investment more aggressively? Hope the upcoming sessions address scaling this up.
R
Rohit P
Finally, sustainability is being treated as a core business strategy and not just CSR! This will push our companies to innovate. The focus on MSMEs and small towns is crucial for inclusive growth. Jai Hind!
S
Sarah B
As someone working in the renewable sector, the emphasis on collective ownership between government and industry is key. The budget allocations are promising, but execution and timely disbursement of funds will be the real test.
V
Vikram M
Building more, producing more, connecting more, exporting more - this is the mantra for a Viksit Bharat. The global supply chain shift is a golden opportunity for India. Our green energy push can make us a manufacturing hub for the world.
K
Kavya N
The rooftop solar scheme is brilliant! It puts power (literally) back in the hands of common people and reduces electricity bills. Hope the application process is made very simple for everyone to benefit.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50