The Minister mentioned that India’s rich history of environmentalism, deeply embedded in traditions and practices, is now being revitalized through modern strategies. The country is making significant strides in tackling climate change with initiatives like the Panchamrit (five fold strategy to fight climate change) and Mission Life a worldwide effort dedicated to supporting eco-friendly lifestyle and protecting the environment), showcasing a holistic approach to development that balances both nature and human prosperity.
“As a government we are encouraging companies, citizens, and state governments to focus on “green growth” and “green jobs” to achieve the target of net zero carbon emission by 2070.”, he added.
The Minister also highlighted India’s progress in the steel sector, evolving from a net importer to a net exporter and aiming to become the world’s largest producer of crude steel. One key initiative in this journey is the National green Hydrogen mission launched last year with an outlay of around ₹20,000 crore with an aim to make India a Global Hub for production, usage and export of Green Hydrogen and its derivatives. The Mission is also supporting pilot projects in the steel sector with a budget of around ₹500 crore until FY 2029-30.
“Allocation of 11% additional outlay for infrastructure development in this year’s Interim Union Budget also reflects the importance the government attaches to sectors crucial for growth.”, the Union Minister mentioned while highlighting the benefits industry accrue from the government’s push towards sustainability solutions, including infrastructure spending.
