Circular economy is need of the hour: PM Modi

Published By : Admin | March 4, 2022 | 11:05 IST
“Sustainable growth is possible only through sustainable energy sources”
“Whatever targets India has set for itself, I do not see them as a challenges but as opportunity”
“Budget announcement of 19.5 thousand crore rupees for high-efficiency solar module manufacturing which will help in making India a global hub for manufacturing and R&D of solar modules and related products”
“Provisions have also been made in this year's budget regarding battery swapping policy and inter-operability standards. These will reduce the problems faced in the use of electric vehicles in India”
“Challenge of energy storage has received significant attention in the budget”
“World is witnessing depletion of all types of natural resources. In such a scenario, circular economy is the demand of the hour and we have to make it a mandatory part of our lives”

Namaskar!

'Energy for Sustainable Growth' is inspired by our ancient traditions and is also the means to fulfill the needs and aspirations of the future. India has a clear vision that sustainable growth is possible only through sustainable energy sources. In Glasgow, we promised to reach net-zero (emissions) by 2070.

In COP26 also, I talked about the LIFE Mission to promote a sustainable lifestyle by putting forward the vision of Lifestyle for Environment. We are also leading global collaborations such as the International Solar Alliance. Our target for non-fossil energy capacity is 500 GW. By 2030, we have to achieve 50 percent of our installed energy capacity from non-fossil energy. I do not see India’s goals as a challenge but as an opportunity. India has been continuing with this vision for the past several years and has taken forward this at the policy level in this year’s budget.

Friends,

In this year’s budget, 19,500 crore rupees have been announced for high-efficiency solar module manufacturing in the direction of solar energy. This will help in making India a global hub in the manufacturing and R&D of solar modules and related products.

Friends,

We have also announced the National Hydrogen Mission. India has an inherent advantage in the form of abundant renewable energy power. India can become the hub of Green Hydrogen in the world. The hydrogen ecosystem is interconnected with the fertilizer, refinery and transportation sectors. This is an area in which the private sector should promote innovations so that India's full potential can be utilized.

Friends,

Energy storage is a big challenge with renewable energy. In order to find solutions, priority has been given to this year’s budget to maintain growth in the storage capacity. Provisions have also been made in this year's budget regarding battery swapping policy and interoperability standards. This will reduce the problems faced by electric vehicles in India. Plug-in charging takes more time and is costly also. Since a battery costs 40-50% of the total value of an electric vehicle, swapping will reduce the upfront cost of an electric vehicle. Similarly, there are many possibilities in this fieldwhether it is mobile battery or solar power storage. I think we can all work together in this regard.

Friends,

Along with energy production, energy conservation is equally important for sustainability. I think a lot needs to be done about how to develop more energy-efficient ACs, heaters, geysers, ovens, etc.Manufacturing of energy-efficient products should be our priority wherever the consumption of electricity is high.

I'll give you an example. The cost of LED bulbs in the country used to be Rs 300-400 when our government came to power in 2014. Our government increased the production of LED bulbs and naturally its prices came down to Rs 70-80. We distributed about 37 crore LED bulbs in the country under the Ujala scheme. As a result, about forty-eight thousand million kilowatt hours of electricity have been saved. Our poor and middle-class are saving 20,000 crore rupees annually in electricity bills.Also, about 40 million tonnes of carbon emissions have been reduced annually. We also replaced the traditional street lights with 125 crore smart LED bulbs. Our local bodies, municipalities, municipal corporations, and panchayats saved 6,000 crore rupees annually in electricity bills by replacing street lights with LED bulbs. This has also saved electricity and about five million tonnes of carbon emissions have also been reduced. You can imagine how one scheme has protected the environment at such a scale.

Friends,

We can consider coal gasification as an alternative to coal. In this year's budget, four pilot projects have been introduced for coal gasification which will strengthen technical and financial viability. It requires innovation. I would like the people involved in this field to come up with innovation in coal gasification according to the needs of India.

Similarly, the government is also promoting ethanol blending in a mission mode. Extra Differential Excise Duty has been provisioned on unblended fuel in this year’s budget. We need to modernize our sugar mills and distilleries and they need to upgrade technology. We have to work on such distilling processes from which we also get additional by-products like potash and compressed biogas.

A few weeks ago, I inaugurated Gobar-Dhan plants in Varanasi and Indore. Can the private sector set up 500 or 1,000 such Gobar-Dhan plants in the next two years? I think the industry needs to make innovative investments to utilize these possibilities.

Friends,

Our energy demand is going to escalate. Therefore, the transition towards renewable energy is even more important for India. It is estimated that there are 24-25 crore houses in India. How do we advance clean cooking? I think our start-ups can carry this forward very easily. There is also a huge market for solar stoves, which is necessary for the clean-cooking movement. A successful experiment was done in Gujarat where we installed canal-top solar panels. It reduced the cost of land, water was saved and electricity was also generated. In short, there were multiple benefits. Similar experiments are now being held in rivers and lakes elsewhere in the country. We should promote this further.

Another thing can be done at home. Can we develop a gardening concept where families can have a solar tree in their gardens and balconies which can generate 10-20 percent of electricity? That house will also create its own identity as a solar tree house and will be known as the house of environmentally- conscious citizens. This way, we can develop a special credible society. And it can also be made very easily and beautifully. Therefore, I would urge builders and architects to think about the solar tree concept in the construction of houses.

Micro-hydel gadgets are also found in abundance in our country. We find a lot of waterwheelscalled ‘Gharat’ in Uttarakhand and Himachal Pradesh. More research is needed on micro-hydel gadgets to increase power generation. The world is facing a shortage of natural resources. In such a situation, a circular economy is the need of the hour and it has to be made an essential part of life. Innovation is very important for us in every field and new products are necessary. I assure the private sector of the country that the government is standing with you in your efforts.

With united efforts, we will not only achieve our goals in this direction, but will also guide the entire humanity.

Friends,

There is usually a lot of discussions before the budget is prepared. Our TV channels and other media are very engaged in it and there is a good discussion which also benefitsin the preparation of the budget. Many good ideas come up while preparing the budget. But now we are focused (on the implementation of the budget). The budget has been presented and there won’t be any changes. It is now the property of the parliament and it will decide. We have two months to implement the budget from April 1. How do we use these two months to focus on the roadmap for budget implementation and how to implement the proposals in the best way possible?

There is a vast difference between the way the government thinks and the way the business world operates in the field. Efforts should be made to bridge that gap in this seminar. There should not be any contradiction in the thinking process between the stakeholders and the decision-makers in the government. There should be no gap in it. If we can ensure this, then many issues can be implemented quickly. But sometimes, it takes six to eight months to correct some anomaly in the file notings and by that time the budget period is over.

We want to avoid these mistakes. The government’s purpose behind these seminars is not to tutor you or make you aware of the contours of the budget. You know it better than us. We hold webinars to listen to you. We don’t want suggestions for the budget which has already been prepared. How can we implement it quickly and in the best way for better outcomes? There should be no unnecessary delays. Therefore, I want you to make this webinar successful by suggesting concrete practical examples.

I wish you the very best. Thank you very much.

 

Explore More
No ifs and buts in anybody's mind about India’s capabilities: PM Modi on 77th Independence Day at Red Fort

Popular Speeches

No ifs and buts in anybody's mind about India’s capabilities: PM Modi on 77th Independence Day at Red Fort
A Leader for a New Era: Modi and the Resurgence of the Indian Dream

Media Coverage

A Leader for a New Era: Modi and the Resurgence of the Indian Dream
NM on the go

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Srinagar Viksit Bharat Ambassadors Unite for 'Viksit Bharat, Viksit Kashmir'
April 20, 2024

Srinagar hosted a momentous gathering under the banner of the Viksit Bharat Ambassador or VBA 2024. Held at the prestigious Radisson Collection, the event served as a unique platform, bringing together diverse voices and perspectives to foster the nation's collective advancement towards development.

Graced by the esteemed presence of Union Minister Shri Hardeep Singh Puri as the Chief Guest, the event saw the attendance of over 400 distinguished members of society, representing influencers, industry stalwarts, environmentalists, and young minds, including first-time voters. Presidents of Chambers of Commerce, Federation of Kashmir Industrial Corporation, House Boat Owners Association, and members of the writers' association were also present.

The VBA 2024 meetup began with an interesting panel discussion on Viksit Kashmir, which focused on the symbiotic relationship between industry growth and sustainable development. This was followed by an interactive session by Minister Puri, who engaged with the attendees through an engaging presentation. Another event highlight was the live doodle capture by a local artist of the discussions.

Union Minister Hardeep Singh Puri discussed how India has changed in the last decade. He said India is on track to become one of the world's top three economies, surpassing Germany and Japan soon.

 

"The country is set to surpass Germany and Japan and will become the world's third-largest economy by 2027-28," he said.

 

According to official estimates, India's economy is projected to reach a remarkable $40 trillion by 2040. Presently, the economy stands at approximately $3.5 trillion.

He also stressed that India's progress is incomplete without a developed Kashmir.

 

"Bharat cannot be Viksit without a Viksit Kashmir," he said.

Hardeep Puri reflected on India's economic journey, noting that in the 1700s, India contributed a significant 25% to the global GDP. However, as experts documented, this figure gradually dwindled to a mere 2% by 1947.

 

He highlighted how India, once renowned as the 'sone ki chidiya' (golden bird), lost its economic strength during British colonial rule and continued to struggle even after gaining independence, remaining categorized under the 'Fragile Five' until 2014.

 

Puri emphasized that the true shift in India's economic trajectory commenced under the Modi government. Over the past decade, the nation has ascended from among the top 11 economies to ranking among the top 5 globally.

The Union Minister also encouraged everyone to participate in the Viksit Bharat 2047 mission, emphasizing that achieving this dream requires the active engagement and coordination of all "ambassadors" of change.

He highlighted India's rapid progress in metro network development, stating that the operational metro network spans approximately 950 kilometres. He expressed confidence that within the next 2-3 years, India's metro network will expand to become the second-largest globally, surpassing that of the United States.

 

Regarding Jammu and Kashmir, he mentioned that through the Smart project, over 68 projects totalling Rs 6,800 crores were conceptualized, with Rs 3,200 crores worth of projects already completed.

 

He further stated that Jammu and Kashmir possesses more potential than Switzerland but has faced setbacks due to man-made crises. He emphasized the Modi government's dedication to the comprehensive development of the region.

The minister highlighted a significant government policy shift from women-centred to women-led development. Drawing from his extensive experience as a diplomat spanning 39 years, he shared that when a country transitions to women-led development, there is typically a substantial GDP increase of 20-30%. 

He mentioned that the government is actively pursuing this objective, citing examples such as the Awas Yojana, where houses are registered in the names of women household members, and the implementation of 33% reservation for women in elected bodies as part of this broader mission. 

He also provided insight into the transformative impact of the Modi government's welfare policies on people's lives. He highlighted the Ujjwala Yojana, noting that 32 crore individuals have received LPG cylinders, a significant increase from the 14 crore connections in 2014. Additionally, he mentioned the expansion of the gas pipeline network, which has grown from 14,000 km to over 20,000 km over the past ten years.

The Vision of Viksit Bharat: 140 crore dreams, 1 purpose 

The Viksit Bharat Ambassador movement aims to encourage citizens to take responsibility for contributing to India's development. VBA meet-ups and events are being organized in various parts of the country to achieve this goal. These events provide a platform for participants to engage in constructive discussions, exchange ideas, and explore practical strategies for contributing to the movement.

Join the movement on the NaMo App: https://www.narendramodi.in/ViksitBharatAmbassador

The NaMo App: Bridging the Gap

Prime Minister Narendra Modi's app, the NaMo App, is a digital bridge that empowers citizens to participate in the Viksit Bharat Ambassador movement. The NaMo App serves as a one-stop platform for individuals to:

Join the cause: Sign up and become a Viksit Bharat Ambassador and make 10 other people

Amplify Development Stories: Access updates, news, and resources related to the movement.

Create/Join Events: Create and discover local events, meet-ups, and volunteer opportunities.

Connect/Network: Find and interact with like-minded individuals who share the vision of a developed India.

The 'VBA Event' section in the 'Onground Tasks' tab of the 'Volunteer Module' of the NaMo App allows users to stay updated with the ongoing VBA events.