New Delhi, March 3: On Tuesday, Prime Minister Narendra Modi asserted that as global supply chains undergo transformation, Indian enterprises investing in clean and green energy will gain access to improved markets internationally.
During a post-budget webinar, PM Modi underscored that the current Union Budget strengthens the nation's commitment to fostering and maintaining economic growth.
He stated, “Sustainability, along with carbon capture, utilization, and storage initiatives, are crucial steps forward. Sustainability must now be integrated into core business strategies, and this year's Budget provides a solid framework for that.”
To implement this framework effectively, PM Modi urged industry leaders, investors, and stakeholders to collaborate closely. He emphasized the need for collective ownership and active participation in government initiatives, encouraging constant feedback to drive progress.
He noted, “As global supply chains evolve, the Indian economy is rapidly advancing towards ‘Viksit Bharat’. Our goals are clear: to build more, produce more, connect more, and export more.”
The budget allocation for the Ministry of New and Renewable Energy has reached a historic high of Rs 32,914 crore, which includes Rs 22,000 crore earmarked for the solar rooftop initiative, PM Surya Ghar Yojana. Additionally, the Green Energy Corridor project has been allocated Rs 600 crore to enhance infrastructure and facilitate the integration of renewable energy.
Furthermore, the funding for the National Green Hydrogen Mission remains steady at Rs 600 crore for FY2026-27, consistent with the previous year's budget estimates.
PM Modi also highlighted that manufacturing, logistics, MSMEs, and small towns are fundamental to India's growth trajectory.
As part of the overarching theme of sustaining and enhancing economic growth, four distinct sessions are being organized during the post-Budget webinar.
These sessions will focus on manufacturing, industrial upgrades, and strategic sectors; MSMEs, financial access, and market opportunities; urban economic regions; and infrastructure, logistics, and freight.
The discussions aim to delve into how the reforms introduced in the Budget can enhance industrial capacity, boost competitiveness, and create job opportunities.
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