NEW DELHI: Seeking to make sure green energy growth of India, Prime Minister Narendra Modi on Thursday invited stakeholders from around the world to invest in renewable resource and related sectors, and said the capacity of solar, wind and biogas in India is no less than any goldmine or oil field for the economic sector.

The Budget (2023-24) will play a key role in developing India as a lead player in the global green energy market.

That is why, today, I invite every stakeholder of the energy world to purchase India , stated Modi while noting that Indias commanding position in renewable energy area will guarantee a commensurate modification in the world.He was attending to the very first of a series of 12 post-budget webinars arranged by the federal government to seek concepts and suggestions for the efficient implementation of the initiatives announced in the Union budget.Asserting that the increase in production of renewable resource; decreasing the use of nonrenewable fuel source in the economy; and rapidly moving towards a gas-based economy in the nation are 3 pillars for green development and energy transmission , he flagged numerous provisions of the spending plan that will assist stakeholders consisting of starts-up and MSMEs tap the capacity in various fields varying from waste to energy, green hydrogen, energy storage and gas-based economic activities to the multi-crore vehicle scrapping sector.

This budget is not just a chance, however it also contains the warranty of our future security , PM said as he advised stakeholders to act rapidly to execute all its provisions.Referring to the launch of E20 fuel, PM noted the federal governments focus on biofuels and stated that it has brought new opportunities for investors.

He observed the abundance of agri-waste in the country and advised the investors to not miss out on the chance of setting up ethanol plants in every corner of the country.On the National Green Hydrogen Mission, PM said India is moving with a target of production of 5 MMT green hydrogen.

He stated allotment of Rs 19,000 crore has been made to incentivise private sector in this field.