No better place than India to innovate and invest in renewable energy: PM
Narendra Modi on Monday said India's leap in the renewable energy segment offers tremendous opportunities for investors not only in energy generation but also in the manufacturing sector.
«India is striving for complete made in India solutions and creating many possibilities. It is truly a guarantee of expansion and better returns,» Modi said at Global Renewable Energy Investors Meet and Expo organised by the ministry of new and renewable energy and CII.
India's renewable energy demand is rising and the government is making new policies to support it, he said. Efforts are being made for 'Make in India' in the sector and the growth in the segment presents a good opportunity for the same, he said.
«There is no better place than India in the renewable energy sector for investment and innovation,» the prime minister said. He underlined that as a developing economy, India had a valid excuse to stay out of these commitments but did not choose that path.
«Today's India is preparing a base not only for today but for the next thousand years,» he said.
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