Practice Question for Mains :
Critically analyze the significance of India’s renewable energy policies and infrastructure expansion for sustainable growth. What challenges might India face in balancing economic development with environmental goals?
Prime Minister Narendra Modi inaugurated the fourth Global Renewable Energy Investors Meet and Expo in Gujarat, highlighting India’s commitment to renewable energy and rapid economic growth.
He detailed government initiatives, including new industrial cities, high-speed rail, research funding, and renewable energy targets, reinforcing India’s leadership in green technology.
Analysis of the news:
Steps taken by the Indian government to advance renewable energy and infrastructure development:
o Expansion of Infrastructure: Announced the creation of 12 new industrial cities and eight high-speed road corridors to boost economic growth.
o Railway Upgrades: Launched over 15 semi-high-speed Vande Bharat trains to enhance connectivity.
o Research Funding: Established a ₹1 trillion fund to promote research and development in various sectors.
o E-Mobility Promotion: Initiated various measures to drive the adoption of electric mobility.
o Biomanufacturing: Introduced the Bio-E3 policy to advance high-performance biomanufacturing.
o Offshore Wind Energy: Launched a viability gap funding scheme worth over ₹7,000 crore to support offshore wind projects.
o Renewable Energy Targets: Set a goal to achieve 500 GW of renewable energy by 2030.
o Climate Commitments: Achieved Paris climate goals nine years ahead of schedule.
These initiatives aim to reinforce India’s position as a leader in renewable energy and sustainable development.
