ENA Sectors 2024-09-17 17:38:12 <p><span style="font-size:14px"><strong>New Delhi, Sep 17 (KNN)</strong> Prime Minister Narendra Modi on Monday highlighted Indias rapid strides in the renewable energy sector, offering substantial investment potential not only in energy generation but also in manufacturing.</span></p> <p><span style="font-size:14px">Speaking at the Global Renewable Energy Investors Meet and Expo, organised by the Ministry of New and Renewable Energy and the Confederation of Indian Industry (CII), Modi emphasised the country's focus on Made in India solutions, assuring investors of expansive growth and promising returns.</span></p> <p><span style="font-size:14px"> India is striving for complete 'Made in India' solutions, creating countless possibilities. It truly guarantees expansion and better returns, Modi said, referring to the government's active push for domestic manufacturing in the renewable energy space.</span></p> <p><span style="font-size:14px">Indias rising demand for renewable energy has spurred the government to implement new policies to support sectoral growth.</span></p> <p><span style="font-size:14px">The prime minister noted that the countrys expansion in this segment presents a valuable opportunity for investors, particularly as the government strengthens the Make in India initiative in renewable energy.</span></p> <p><span style="font-size:14px">There is no better place than India for investment and innovation in the renewable energy sector, Modi stated, emphasising the nations commitment to green energy, despite having the option to opt out of global commitments as a developing economy.</span></p> <p><span style="font-size:14px">He further underscored that India's long-term energy strategy is built not just for immediate success but for sustainability over the next millennium.</span></p> <p><span style="font-size:14px">The country is acutely aware of its energy needs and is preparing to meet its goals of becoming a developed nation by 2047.</span></p> <p><span style="font-size:14px">Indias future, he added, will rely heavily on renewable energy sources like solar, wind, nuclear, and hydro, as the nation lacks substantial reserves of oil and gas.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39308 https://knnindia.co.in/news/newsdetails/sectors/indias-renewable-energy-sector-offers-significant-investment-opportunities-pm-modi 2024-09-17 17:38:12 knnindia.co.in