4th RE-Invest summit: 100-day work shows our priorities, says PM Modi

PM highlights approval to building 12 industrial smart cities, Rs 1 trn fund to promote innovation, EV initiatives

Lauding his government for the speed and scale of its planning, Prime Minister (PM) Narendra Modi praised the ‘100-day’ plans of various sectors focused on infrastructure and social development. The PM spoke at the inaugural session of the 4th RE-Invest, a flagship event of the Ministry of New and Renewable Energy.

“The government’s work in the first 100 days highlights its priorities and reflects its speed and scale. In these 100 days, multiple decisions have been made to expand the nation’s physical and social infrastructure. India is on track to build 70 million houses, more than the population of many countries, while 40 million homes have already been provided during the last two terms,” the PM said.

 

He added that the government has promptly taken decisions to build 12 new industrial cities, approved eight high-speed road corridor projects, launched over 15 semi-high-speed Vande Bharat trains, initiated a research fund worth Rs 1 trillion to promote innovation, announced several initiatives to drive electric mobility, promoted high-performance biomanufacturing, and approved the BioE3 (Biotechnology for Economy, Environment and Employment) Policy, among other key measures.

The PM reaffirmed the government’s commitment to sustainability on the green energy front, despite rising energy demands and the country’s oil and gas deficit.

“The launch of a viability gap funding scheme for offshore wind energy projects, worth over Rs 7,000 crore, is a milestone. India is working towards producing 31,000 megawatt of hydropower, with an outlay of Rs 12,000 crore recently approved,” he said.

“India’s diversity, scale, capacity, potential, and performance are unique and set the stage for Indian solutions with global applications. The world views India as the best bet of the 21st century. Today’s India is preparing a base not just for today but for the next thousand years. Our goal isn’t merely to reach the top; we are preparing to stay there. India knows what it takes to become a developed nation by 2047, and we also understand our energy constraints — we don’t have our own oil and gas reserves. We are not energy-independent. That’s why we’ve chosen to build our future on solar, wind, nuclear, and hydropower,” the PM said, addressing a packed hall at Mahatma Mandir.

Earlier, the PM met with beneficiaries of the recently launched Pradhan Mantri Surya Ghar Yojana, which aims to implement rooftop solar solutions in households. He noted that around 375,000 homes have already installed rooftop solar projects.

“With this one scheme, every house in India will become a power producer. So far, over 13 million families have registered for the scheme. Installation has been completed in 325,000 homes,” the PM added.

The PM also highlighted the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) scheme, which seeks to solarise the agriculture sector, and mentioned Modhera village, India’s first model solar village. He further announced that Ayodhya is preparing to become the country’s first model solar city.