New Delhi: India’s foray into green hydrogen, green ammonia, and greater storage sectors will holistically help combat climate change, reduce the country’s import bill on crude oil, lower trade deficits, and reduce the need for forex, Union Minister of Commerce and Industry Piyush Goyal said on Friday.
Addressing the Society for Human Resource Management (SHRM) India annual conference and expo in the national capital, the minister said sustainability is an area where India has chosen to be part of the solution and is now navigating change faster than before.
“Our effort to adopt a circular economy, move towards electric mobility, produce renewable energy and provide energy to the rest of the world will spur quality of life for India and the world,” Minister Goyal told the gathering.
The Minister said the country’s transformational growth, including the lowest decadal inflation, rapid increase in forex reserves, and rapid economic growth, has made it a “Trusted Partner of the World.”
“The government’s efforts to provide basic needs like the infrastructure of roads, power, and digital connectivity are increasingly reaching the last man at the bottom of the pyramid, preparing a nation of youth to engage with the future. That is the India of today,” the Commerce Minister noted.
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The country’s progress from a fragile-five economy to the fifth-largest economy in the world has made it a preferred investment destination.
“We have built a strong macroeconomic foundation, we have changed the mindset of the nation to think big, and we are confident of achieving our dreams going forward if we align ourselves with the vision and mission of Prime Minister Narendra Modi,” the minister emphasised.
On 6G, the Commerce Minister said the country is leading the world in the technology and that “we hope to deliver and roll out 6G before the rest of the world”.
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–IANS
