Prime Minister Narendra Modi welcomed players from the energy sector to invest in the country on Thursday, emphasising that the Union Budget will play a vital role in establishing India as a leader in the global green energy market.
"Now, the world's renewable energy supply chains are becoming diversified. Bearing this in mind, India has provided every green investor with the finest opportunity to invest in this area in this year's budget. "It would also be very beneficial for start-ups in this area," the Prime Minister stated in his first post-Budget interaction via video conferencing.
Sectors like battery storage and water-based transportation would have enormous investment opportunities. Noting that India must grow its battery storage capacity to 125 Gigawatt hours in the next six to seven years, the PM stated that this gigantic ambition will provide many new possibilities for investors.
Waterway expansion would also provide numerous investment prospects, he added, noting that just 5% of the country's cargo is now transported by the coastal route, while only 2% is moved via inland waterways.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
