Prime Minister Narendra Modi’s Global Renewable Energy Investors’ Meet and Expo

• Prime Minister Narendra Modi inaugurated the fourth Global Renewable Energy Investors’ Meet and Expo (RE-INVEST) in Gujarat, highlighting India’s commitment to renewable energy sources, including solar power, to combat climate change.
• He emphasized India’s 140 crore Indians’ pledge to make the country the world’s third-largest economy, stating that renewable energy will drive rapid economic growth.
• Modi emphasized India’s preparation for the next thousand years, highlighting the government’s expansion of physical and social infrastructure.
• Major announcements included the creation of 12 new industrial cities, eight high-speed road corridor projects, and the launch of over 15 semi-high speed Vande Bharat trains.
• He also announced the creation of a viability gap funding scheme for offshore wind energy projects worth over ₹7,000 crore.
• Modi emphasized India’s goal to become a developed nation by 2047, citing its depletion and pollution from conventional energy sources.
• He emphasized the government’s target of achieving 500 GW of renewable energy by 2030 and the need for a people’s movement in the green transition.