Intervention by PM at the G-20 Working Lunch: Trade and Energy

Published By : Admin | November 16, 2015 | 18:07 IST
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Slowdown in global trade is a major concern. Efforts to accelerate global economic growth will help trade: PM Modi
Increasing the role of small and medium enterprises in the global value chain will help expand global employment: PM Modi
Energy, ecology and economy are deeply integrated. India intends to meet its vast energy needs in as sustainable manner as possible: PM
We have targeted additional 175 GW of renewable energy by 2022: PM Modi
By 2030, we have targeted 40% of our energy through non-fossil fuel: PM Modi

Excellencies, 

Slowdown in global trade is a major concern. Prospects for increase in trade momentum remain bleak in the prevailing global economic environment. Efforts to accelerate global economic growth will help trade.

A transparent, equitable, non-discriminatory and rule-based global trading system, is essential for the global economy.

It is absolutely vital that the Doha Development Round achieves its goals. All elements of the Bali package should be implemented fully. We look forward to a successful outcome at the Nairobi Meeting in December.

Regional Trade Agreements should not lead to fragmentation of the global trading system and should support a more liberalised multilateral trade regime.

Increasing the role of small and medium enterprises in the global value chain will help expand global employment.

Balanced and sustainedglobal economic growth also needs increase in labour mobility and skill portability.

With respect to energy, there are three basic challenges: energy to power growth in developing countries; meeting the needs of the hundreds of millions without access to energy; and, increasing the use of clean and renewable energy.

Energy, ecology and economy are deeply integrated.

That is why India intends to meet its vast and growing energy needs in as sustainable manner as possible.

We have targeted additional 175 GW of renewable energy by 2022; cut back on subsidies on fossil fuel and imposed carbon cess on coal. We are working on clean coal technology. We have an ambitious expansion plan for nuclear energy. By 2030, we have targeted 40% of our energy through non-fossil fuel.

International support and cooperation will enable us to achieve our goals.

As G 20, we need to promote a number of measures:

• Increase research and development in clean and renewable energy; and, reduce cost and make it affordable and accessible for all.

• Increase financial support and technology transfer to increase access and transition to clean energy.

• Focus research efforts on clean coal technology and coal gasification.

• Develop proliferation-resistant nuclear energy technology.

• Increase energy efficiency and moderate energy use.

• Promote an integrated global gas market.

• Give greater voice to major emerging economies in the global governance structure for energy.

These will meet our energy needs, combat climate change, and create huge economic opportunities.

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PM thanks World Leaders for their greetings on 76th Independence Day
August 15, 2022
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The Prime Minister, Shri Narendra Modi has thanked World Leaders for their greetings and wishes on the occasion of 76th Independence Day.

In response to a tweet by the Prime Minister of Australia, the Prime Minister said;

"Thank you for your Independence Day wishes, PM Anthony Albanese. The friendship between India and Australia has stood the test of time and has benefitted both our peoples greatly."

In response to a tweet by the President of Maldives, the Prime Minister said;

"Grateful for your wishes on our Independence Day, President @ibusolih. And for your warm words on the robust India-Maldives friendship, which I second wholeheartedly."

In response to a tweet by the President of France, the Prime Minister said;

"Touched by your Independence Day greetings, President @EmmanuelMacron. India truly cherishes its close relations with France. Ours is a bilateral partnership for global good."

In response to a tweet by the Prime Minister of Bhutan, the Prime Minister said;

"I thank @PMBhutan Lotay Tshering for his Independence Day wishes. All Indians cherish our special relationship with Bhutan - a close neighbour and a valued friend."

In response to a tweet by the Prime Minister of Commonwealth of Dominica, the Prime Minister said;

"Thank you, PM Roosevelt Skerrit, for your greetings on our Independence Day. May the bilateral relations between India and the Commonwealth of Dominica continue to grow in the coming years."

In response to a tweet by the Prime Minister of Mauritius, the Prime Minister said;

"Honoured to receive your Independence Day wishes, PM Pravind Kumar Jugnauth. India and Mauritius have very deep cultural linkages. Our nations are also cooperating in a wide range of subjects for the mutual benefit of our citizens."

In response to a tweet by the President of Madagascar, the Prime Minister said;

"Thank you President Andry Rajoelina for wishing us on our Independence Day. As a trusted developmental partner, India will always work with Madagascar for the welfare of our people."

In response to a tweet by the Prime Minister of Nepal, the Prime Minister said;

"Thank you for the wishes, PM @SherBDeuba. May the India-Nepal friendship continue to flourish in the years to come."