<p>Prime Minister <a href="https://www.deccanherald.com/tag/narendra-modi" target="_blank">Narendra Modi</a> on Thursday sought investments in green energy sector saying that the country's potential in <a href="https://www.deccanherald.com/tag/renewable-energy" target="_blank">renewable energy</a> is no less than a "goldmine".</p>.<p>Addressing a webinar on various announcements made in the Union <a href="https://www.deccanherald.com/tag/budget-2023" target="_blank">Budget 2023-24</a> on green growth, Modi said, "India will play an important role in green energy, I invite all stakeholders to invest in India."</p>.<p>He stated that the potential of renewable energy like solar, wind energy and biogas in India is not less than a goldmine.</p>.<p>He stated that the government is very focussed on bio-fuel and it will bring a lot of opportunity for investors.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/g20-countries-grapple-with-renewable-energy-infra-supply-chain-1188588.html" target="_blank">G20 countries grapple with renewable energy infra supply chain</a></strong></p>.<p>He referred to India achieving 10 per cent ethanol blending target five months ahead of schedule. He also talked about meeting the target of 40 per cent non-fossil fuel capacity nine year ahead of schedule.</p>.<p>He stated that Budgets since 2014 have not just addressed present challenges but have furthered new-age reforms.</p>.<p>India targeting production of 5 million tons per annum of green hydrogen and provided Rs 19,000 cr incentive for private sector under National Hydrogen Mission.</p>.<p>He also talked about Rs 3,000 crore provision in the Budget for vehicle scrapping and about 3 lakh government vehicles that are older than 15 years to be scrapped.</p>.<p>He stated that India has to increase battery storage capacity to 125 giga-watts hour.</p>.<p>India has set an ambitious target of having 500GW of renewable energy by 2030.</p>
<p>Prime Minister <a href="https://www.deccanherald.com/tag/narendra-modi" target="_blank">Narendra Modi</a> on Thursday sought investments in green energy sector saying that the country's potential in <a href="https://www.deccanherald.com/tag/renewable-energy" target="_blank">renewable energy</a> is no less than a "goldmine".</p>.<p>Addressing a webinar on various announcements made in the Union <a href="https://www.deccanherald.com/tag/budget-2023" target="_blank">Budget 2023-24</a> on green growth, Modi said, "India will play an important role in green energy, I invite all stakeholders to invest in India."</p>.<p>He stated that the potential of renewable energy like solar, wind energy and biogas in India is not less than a goldmine.</p>.<p>He stated that the government is very focussed on bio-fuel and it will bring a lot of opportunity for investors.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/g20-countries-grapple-with-renewable-energy-infra-supply-chain-1188588.html" target="_blank">G20 countries grapple with renewable energy infra supply chain</a></strong></p>.<p>He referred to India achieving 10 per cent ethanol blending target five months ahead of schedule. He also talked about meeting the target of 40 per cent non-fossil fuel capacity nine year ahead of schedule.</p>.<p>He stated that Budgets since 2014 have not just addressed present challenges but have furthered new-age reforms.</p>.<p>India targeting production of 5 million tons per annum of green hydrogen and provided Rs 19,000 cr incentive for private sector under National Hydrogen Mission.</p>.<p>He also talked about Rs 3,000 crore provision in the Budget for vehicle scrapping and about 3 lakh government vehicles that are older than 15 years to be scrapped.</p>.<p>He stated that India has to increase battery storage capacity to 125 giga-watts hour.</p>.<p>India has set an ambitious target of having 500GW of renewable energy by 2030.</p>