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Home Investment

Investment: PM calls on G-7 to participate in India’s energy technologies

Fiinews by Fiinews
June 29, 2022
in Investment
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PM Modi in a Bilateral meeting with the President of the Republic of South Africa, Cyril Ramaphosa on the sidelines of G-7 Summit, in Germany on 27 June 2022.

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Modi says LiFE campaign is to encourage an eco-friendly lifestyle

Prime Minister Narendra Modi has called on rich countries of G-7 to invest in research, innovation, and manufacturing in India’s emerging market for clean energy technologies.

“The scale that India can provide for every new technology can make that technology affordable for the whole world,” the Prime Minister told a session on ‘Investing in a better Future: Climate, Energy, Health’ at G7 Summit in Germany.

“The core theories of the circular economy have been an integral part of Indian culture and lifestyle,” he added.

“I called for a movement called LIFE – Lifestyle for Environment – in Glasgow last year. This year on World Environment Day, we launched the Global Initiative for LiFE campaign.

“The goal of this campaign is to encourage an eco-friendly lifestyle. We can call the followers of this movement Triple-P — ‘pro planet people’, and we should all take the responsibility of increasing the number of Triple-P people in our own countries.

“This will be our greatest contribution to the coming generations,” Modi underlined.

He also highlighted India’s dedication to climate commitments, pointing out that it is evident from the country’s performance.

“We have achieved the target of 40% energy-capacity from non-fossil sources 9 years before time.

“The target of 10% ethanol-blending in petrol has been achieved 5 months before time,” he updated G-7 leaders.

India has the world’s first fully solar power operated airport while the country’s huge railway system will become net zero in this decade, he informed.

“When a large country like India shows such ambition, other developing countries also get inspiration.

“We hope that the rich countries of G-7 will support India’s efforts,” he stressed. fiinews.com

Tags: The Prime Minister's Office
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