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India continues to be the global bright spot in a world stricken with pandemic and war: PM Modi

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Bengaluru, Feb 06: India has continued to be the global bright spot in the world stricken with the pandemic and the era of war in 2022 while crediting the internal resilience of India that enabled the nation to overcome any obstacle irrespective of external factors, Prime Minister Narendra Modi said in Bengaluru.

PM Modi pointed out multiple factors for that, first, stable, decisive government. Second, sustained reforms, third, socio-economic empowerment at the grassroots level. The Prime Minister elaborated on the massive social infrastructure including, financial inclusion through bank accounts, free health facilities, safe sanitation, electricity, housing, and piped water that has reached crores of people and changed the lives of a number of people who are more than the population of many major countries, a statement from the Prime Minister's Office said.

Narendra Modi

The quality of lives of crores of India changed where citizens have come out of poverty and reached the levels of the middle class, the PM said after inaugurating the India Energy Week (IEW) 2023 in Bengaluru on Monday. He also launched the uniforms under the 'Unbottled' initiative of Indian Oil. These uniforms are made of recycled PET bottles. The PM also dedicated the twin-cooktop model of the Indian Oil's Indoor Solar Cooking System and flagged off its commercial roll-out, the statement added.

Addressing the gathering, he spoke about the need and demand for energy in India in the near future, the Prime Minister noted that the rapid pace of development in India will result in new cities being developed. Quoting International Energy Association, the Prime Minister remarked that India's energy demands will be highest in the present decade which presents an opportunity for the investors and stakeholders of the energy sector. He informed that India's share in the global oil demand is 5 per cent which is expected to rise to 11 per cent, whereas the gas demand of India is expected to rise up to 500 per cent. He underlined that new opportunities for investment and collaboration are being created by the expanding energy sector of India.

4 Major Verticals for Strategy
The Prime Minister explained four major verticals for the strategy for the energy sector. First, increasing domestic exploration and production, diversifying the supply, and third, expanding fuels like biofuel, ethanol, compressed biogas and solar. Fourth, de-carbonisation via electric vehicles and hydrogen. Elaborating on these verticals the Prime Minister said India is the fourth largest country for its refining capacity. Efforts are on to increase the capacity to 450 MMTPA from the current capacity of 250 MMTPA. "We are continuously making our refining capacity indigenous, modern and upgraded", he said. Similarly, India is working to enhance Petrochemical production capacity. He asked the leadership of the industry to utilise technology and the startup ecosystem of India to expand their energy landscape.

The Prime Minister informed that the government is working on a mission mode to increase the consumption of natural gas in our energy mix from 6 per cent to 15 per cent by 2030 where all the needed infrastructure will be provided by 'One Nation One Grid'. "The government is trying to increase the capacity of LNG Terminal regasification", the Prime Minister said. He further added that the terminal regasification capacity of 21 MMTPA has doubled in 2022 while efforts are being made to increase it even more. He also added that the number of CGDs in the country has gone up 9 times and the number of CNG stations has gone up to 5000 from 900 in 2014. The Prime Minister also touched upon the gas pipeline network which has increased to 22,000 kilometres from 14,000 in 2014 and pointed out that the network will expand to 35,000 kilometres in the next 4-5 years.

Highlighting India's emphasis on domestic exploration and production, the Prime Minister informed that the EP sector has shown interest in the areas hitherto considered inaccessible. "We have reduced the 'No-Go' areas. Due to this, 10 lakh square kilometre area has been freed from the restrictions of No-Go. I would urge all the investors to make use of these opportunities, and increase your presence in the exploration of fossil fuels", he said.

Regarding Bio-energy expansion, the Prime Minister talked about the first 2G Ethanol bio-refinery in August last year and said that preparation is for 12 commercial 2G Ethanol plants. Similarly, efforts are in the direction of the commercial feasibility of sustainable aviation fuel and renewable diesel. Mentioning the provisions of this year's budget the Prime Minister informed about 500 new 'waste to wealth' Gobardhan plants, 200 compressed biogas plants and 300 community-based plants which will create new avenues of investments.

"The National Green hydrogen mission will give a new direction to the India of the 21st century", the Prime Minister remarked. He underlined that the country is aiming to produce 5 MMTPA green hydrogen by the end of this decade which brings in the possibility of investments of more than Rs 8 lakh crore. He also added that India will increase the share of green hydrogen to 25 per cent by replacing grey hydrogen.

The Prime Minister also touched upon the crucial subject of battery cost in EVs and noted that its cost is 40-50 per cent of the cost of the car. He informed that the government has started a PLI scheme worth 18,000 crores which will be a significant step towards manufacturing advanced chemistry cells of 50 GigaWatt hours.

The Prime Minister gave a detailed exposition of emphasis on renewable energy, energy efficiency, sustainable transportation and green technologies in the new budget. 35,000 crores have been kept for priority capital investment to push energy transition and net-zero objectives. Provision for 10 lakh crore rupees capital expenditure will give a push to green hydrogen, solar to road infrastructure.

He further elaborated on the Green Energy initiative and informed that in the last 9 years, renewable energy capacity increased from 70 gigawatts to about 170 gigawatts in that solar power increased by 20 times. India, he said, is at number four in wind power capacity. "We are aiming to have 50% non-fossil fuel capacity by the end of this decade. "We are also working very fast on Biofuel, and ethanol blending. In the last 9 years, we have increased ethanol blending in petrol from 1.5 per cent to 10 per cent. Now we are moving towards the target of 20 per cent ethanol blending", the Prime Minister added. Referring to the E-20 rollout today, the Prime Minister said that the first phase of the rollout will cover 15 cities and within two years it will be expanded to the entire country.

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The Prime Minister noted that the mass movement going on in India regarding energy transition has become the subject of a case study. "This is happening in two ways: Firstly, fast adoption of renewable sources of energy and secondly, adoption of effective methods of energy conservation", the Prime Minister explained as he noted the rapid adoption of renewable sources of energy by the citizens of India.

He gave examples of houses, villages, and airports running on solar power, and agriculture activities being carried out with solar pumps. He informed that India has connected more than 19 crore families with clean cooking fuel in the last 9 years. Throwing light on the solar cooktop launched today, the Prime Minister said that it is going to give a new dimension to Green and Clean Cooking in India. "More than 3 crore households will have access to solar cooktops within the next 2-3 years", he continued. "With more than 25 crore families in India, this will bring a revolution in the kitchen." Giving examples of LED bulbs in homes and streetlights, Smart metres at home, adoption of CNG and LNG, and the increased popularity of electric vehicles, the Prime Minister highlighted the rapidly shifting trends towards effective methods of energy conservation

The Prime Minister linked India's effort for Green Growth, and Energy Transition with Indian values of where circular economy is part of every Indian's lifestyle and Reduce, Reuse and Recycle is part of the culture. He said initiatives of recycling plastic bottles into uniforms will strengthen Mission LiFE.

The PM, at the start of the speech, by extending condolences for death and devastation in Turkey and nearby countries. He conveyed India's readiness to provide any possible assistance.

"We are all looking at the destructive earthquake that hit Turkey. There are reports of the deaths of several people as well as damage. Damages are suspected even in countries near Turkey. The sympathies of the 140 crore people of India are with all earthquake-affected people," ANI quoted the PM as saying.

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