Mon Sep 16 08:00:18 UTC 2024: ## India Positions Itself as the “Best Bet” for Global Green Investments
**New Delhi, India** – Prime Minister Narendra Modi has invited global companies to invest in India’s “green transition,” proclaiming the country as the “best bet” for the 21st century. Speaking at the inaugural function of the 4th Global RE-Invest summit, Modi emphasized India’s unique strengths, including its diversity, scale, capacity, and potential.
Modi highlighted the vast opportunities in renewable energy generation and manufacturing in India. He stated that the country offers “guaranteed better returns” for investors seeking to expand their renewable energy operations, making it the ideal location for investments and innovation.
“India is a guarantee for better returns if you’re looking to expand. There is no better place for investments and innovation (in renewable energy),” Modi declared.
He further pointed out that India has already achieved its climate commitments made in Paris, demonstrating its commitment to a sustainable future. “India is the only country among G20 nations to have fulfilled all the climate commitments made in Paris nine years before the deadline,” he said. “We are making this green transition a people’s movement.”
Modi also outlined India’s ambitious plans to build 17 solar cities, where all services and utilities will run on solar power, and highlighted the success of the PM Surya Ghar– Muft Bijli Yojana, which has seen over 1.3 crore families register for solar rooftop installations.
In addition to its renewable energy initiatives, India is also focusing on becoming a global leader in Green Hydrogen production. The summit announcement of India achieving 200 GW of non-fossil energy capacity solidified the country’s commitment to its green transition.
“Today, India is preparing a base for the coming 1000 years. Our aim is not just to reach the top, but to sustain its position at the top,” Modi asserted.
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