Mera Saansad
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हिन्दी language

हम दुनिया को दिखा रहे हैं कि पर्यावरण अनुकूल नीतियां भी अर्थव्यवस्था के लिए बेहतर हो सकती हैं : प्रधानमंत्री मोदी

Published By : Admin | November 26, 2020 | 17:27 IST
मेगावॉट्स टू गिगावाट्स की योजनाएं रियलिटी बन रही हैं : प्रधानमंत्री नरेन्द्र मोदी
भारत की रिन्यूएबल एनर्जी क्षमता फिलहाल 1,36,000 मेगावाट है जो हमारी कुल क्षमता का 36 प्रतिशत है : पीएम मोदी
आज भारत की रिन्यूएबल एनर्जी क्षमता दुनिया में चौथी सबसे बड़ी क्षमता है : प्रधानमंत्री मोदी

His Excellency, the Prime Minister of Israel, His Excellency, the Prime Minister of the Netherlands, Honourable Ministers from around the world, my Cabinet colleagues, Chief Ministers, Lieutenant Governors and distinguished guests, I thanks HisExcellency,thePrimeMinisteroftheNetherlands for sharinghis message,

It is wonderful to see all of you as part of the third edition of REINVEST. In the earlier editions, we spoke about our plans for a journey from megawatts to gigawatts in renewable energy. We also spoke about “One Sun, One World One Grid” to leverage solar energy. In a short time, many of these plans are becoming a reality.

Friends,

In the last 6 years, India is travelling on an unparalleled journey. We are expanding our generation capacity and network to ensure every citizen of India has access to electricity to unlock his full potential. At the same time, we are rapidly expanding generation of energy through renewable sources. I would like to give you some facts.

Today, India’s renewable power capacity is the 4th largest in the world. It is growing at the fastest speed among all major countries.The renewable energy capacity in India is currently 136 Giga Watts, which is about 36 per cent of our total capacity.By 2022, the share of renewable capacity will increase to over 220 Giga Watts.

You would be happy to know that our annual renewable energy capacity addition has been exceeding that of coal based thermal power since 2017.In the last 6 years, we increased our installed renewable energy capacity by two and half times.In the last 6 years, the installed solar energy capacity has increased 13 times.

Friends,

India’s progress in the field of renewable energy is an outcome of our commitment and conviction in fighting climate change. Even when it was not affordable, we invested in renewable energy. Now our investment and scale is bringing costs down. We are showing to the world that sound environmental policies can also be sound economics. Today, India is among the very few countries to be on track to achieve the 2 degree compliance goal.

Friends,

Our transition to cleaner sources of energy has been driven by the approach of Access, Efficiency and Evolution. When I talk about providing access to electricity, you can estimate its scale in the numbers. In the last few years over 2.5 crore or 25 million householdswere provided electricity connections. When I talk about energy efficiency, we have not limited this mission only to one ministry or department. We have ensured that it becomes a target for the entire government. All our policies have a consideration of achieving energy efficiency. This includes LED bulbs, LED street-lights, smart-metres, push to Electric Vehicles and decreasing transmission losses. When I talk about energy evolution, with PM-KUSUM we are aiming to power our agriculture sector by providing solar based power to irrigate the fields.

Friends,

India is progressively becoming a preferred destination for investment in renewables. In the last 6 years, nearly Rs 5 lakh crores or over 64 billion dollars investment has been made in renewable energy sector in India. We want to make India a global manufacturing hub in the renewable energy sector.

I will give you several reasons why you should invest in the sector of renewable energy in India. India has a very liberal foreign investment policy for renewables. Foreign investors can invest on their own or collaborate with an Indian partner to set up renewable energy-based power generation projects. India is progressively focusing on innovative bids for supplying 24 by 7 power from renewables. Solar-wind hybrid projects have been successfully explored.

The demand for domestically manufactured solar cells and modules is likely to be around 36 Gigawatt over next three years. Our policies are in line with the technology revolutions. We are proposing to launch a comprehensive National Hydrogen Energy Mission. After the success of PLI in electronics manufacturing, we have decided to give similar incentives to high efficiency solar modules. Ensuring “Ease of doing business” is our top priority. We have established dedicated Project Development Cells and FDI cells in all Ministries to facilitate investors.

Today, every village and almost every household in India has access to electricity. Tomorrow, their energy demand will increase. Thus, demand for energy in India will keep growing. There are hugerenewable energy deployment plans for the next decade. These are likely to generate business prospects of the order of around 1.5 lakh crore rupees or 20 billion dollars per year. This is a big opportunity to invest in India. I invite investors, developers and businesses to join India’s renewable energy journey.

Friends

This event connects the renewable energy stakeholders in India with the best of the global industry, policy makers and academia. I am confident that this conference will have fruitful deliberations which will help India steer into a new energy future.

Thank you.

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List of Outcomes: Prime Minister of Japan’s visit to India for the 16th India-Japan Annual Summit
July 02, 2026
Sl. No.OutcomeDescription
1. India-Japan Joint Declaration on Economic Security Promotes project-based collaboration for enhancing joint resilience in key sectors including semiconductors, critical minerals, information and communication technology including AI, clean energy and pharmaceuticals. India-Japan Fact Sheet 2.0 captures growing India-Japan G2G and B2B engagement in this crucial area.
2. India-Japan Joint Statement on Cooperation in the Field of Artificial Intelligence Elevates the India-Japan relationship to a strategic research and development partnership in the AI domain. Building on the India-Japan AI Initiative, the Joint Statement provides a roadmap for greater cooperation across the entire AI technology stack in pursuit of the shared vision of safe, secure, trusted, inclusive, and human-centric AI.
3 Joint Statement on Energy Resilience (between MoPNG and METI, Japan) Strengthens cooperation in strategic stockpiling and reserve mechanisms for crude oil and petroleum products. Promotes collaboration in joint investments across the maritime energy transport value chain.
4. Celebrating the 75th Anniversary of India-Japan Diplomatic Relations Outlines a series of commemorative events to celebrate 2027, the 75th anniversary of establishment of diplomatic relations, as the India-Japan Year of Shared Horizons
5. Memorandum of Cooperation for India-Japan Cooperative Biogas for Growth (CBG) Initiative Promotes cooperation towards the goal of establishing 1,000 biogas and organic fertilizer plants all across India, leveraging the extensive network of dairy cooperatives.
6. Memorandum of Cooperation in the Field of Batteries Promotes cooperation in battery-related projects and expands business opportunities with an aim of building a trusted, resilient and sustainable battery supply chain.
7. Memorandum of Cooperation in the Field of Pharmaceuticals and Medical Devices Sector Strengthens pharma supply chains, including in Active Pharmaceutical Ingredients (APIs) and Key Starting Materials (KSMs), through promotion of bilateral investment and business linkages, technical collaboration and industry-academia collaboration.
8. Memorandum of Cooperation in the Field of Geology and Mineral Exploration Strengthens cooperation in upstream critical minerals exploration through exchange of technical expertise.
9. Memorandum of Cooperation between IndiaAI Mission and Ministry of Economy, Trade and Industry (METI), Japan Promotes institutional cooperation between IndiaAI Mission and Japan’s GENIAC initiative – through B2B matchmaking, webinars on AI policies and challenges and support for joint projects through access to computing resources
10. Memorandum of Cooperation on Next Generation Mobility Partnership (NGMP) Establishes a framework for operationalizing the Next Generation Mobility Partnership (NGMP) which was announced at the 15th Annual Summit in August 2025. The NGMP would accelerate private sector-led cooperation and investment in mobility sectors including rail, automotive and road infrastructure, aviation, shipbuilding and ports, logistics, and urban development, positioning India as a hub for “Make in India for the World” exports to third countries.
11. Memorandum of Understanding between India’s Centre for Cellular and Molecular Platforms (C-CAMP) and RIKEN, Japan Establishes a framework for academic, translational research and start-up oriented innovation in deep-tech and life sciences, covering healthcare, agriculture and environment.
12. Memorandum of Understanding between National Center for Biological Sciences-Tata Institute of Fundamental Research and RIKEN, Japan Creates a framework for cooperation in basic biological and neuroscience research between the two leading research institutions
13. Memorandum of Understanding between IIT Bombay, BharatGen Technology Foundation and National Institute of Informatics, Japan Furthers collaboration on large language models (LLMs), with a focus on developing LLMs for enhanced scientific reasoning, through joint research exchanges
14. Memorandum of Understanding between SarvamAI and Preferred Network on LLM Development Creates a framework for cooperation across the full AI technology stack, including foundation models.
15. Memorandum of Understanding Between National Internet Exchange of India (NIXI) and Japan Network Information Center (JPNIC) Promotes cooperation in National Internet Registry operations, IPv6 adoption, internet security improvements, capacity building, student/professional exchanges and exchange of views on internet governance at regional and global forums.
16. Exchange of Letters Between International Financial Services Centres Authority (IFSCA) and Financial Services Agency, Japan (JFSA) Establishes a framework for cooperation in development, regulation and supervision of financial services as well as information exchange on financial-market trends and best practices, particularly in FinTech and RegTech.