New Delhi, March 3: Prime Minister Narendra Modi stated on Tuesday that as global supply chains undergo transformation, Indian companies investing in clean and green energy will successfully access better markets worldwide.
Addressing a webinar following the budget announcement, the Prime Minister emphasized that this year’s central budget reaffirms our commitment to sustaining and strengthening economic growth.
He remarked, “Sustainable development, carbon capture, utilization, and storage missions are crucial steps. Sustainable development must now become a core business strategy, and this year’s budget has laid a strong foundation for it.”
To ensure the success of this framework, collaboration among industries, investors, and other stakeholders is essential. There should be a visible collective responsibility at the grassroots level. The Prime Minister urged policymakers and the business community to engage with government efforts and continuously provide feedback.
He further stated, “Global supply chains are changing. The Indian economy is rapidly progressing towards a developed India. Our resolve is clear – produce more, manufacture more, enhance connectivity, and increase exports.”
The budget allocation for the Ministry of New and Renewable Energy has reached a record ₹32,914 crores, with ₹22,000 crores earmarked for the solar rooftop scheme, ‘PM Surya Ghar Yojana.’
Additionally, ₹600 crores have been allocated for the Green Energy Corridor project to strengthen infrastructure and better integrate renewable energy.
Furthermore, the National Green Hydrogen Mission has a budget allocation of ₹600 crores for the fiscal year 2026-27, which is consistent with last year’s estimates.
The Prime Minister noted that manufacturing, logistics, micro, small, and medium enterprises (MSMEs), and small towns are key pillars of India’s development journey.
Under the overarching theme of maintaining and strengthening economic growth, four distinct sessions are being organized post-budget.
These sessions will cover topics such as manufacturing, industrial upgrading, and strategic sectors; MSMEs, finance, and market access; economic sectors of cities; and infrastructure, logistics, and freight transport.
The discussions aim to understand how the reforms announced in the budget can enhance industrial capacity, improve competitiveness, and promote job creation.
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My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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