Modi lists blue, green economy as saptadhara; pushes for deep-sea explorations
The Union Cabinet on July 31 approved the Samudra Manthan (National Offshore Exploration) Scheme with a budget of ₹84,084 crore
Prime Minister Narendra Modi proclaimed a Green and Blue economy among India's seven vital streams of strength during his Independence Day address from the Red Fort in Delhi. This vision encompasses green hydrogen, renewable energy generation and storage, deep-sea exploration, coastal tourism, and ocean technology. The Prime Minister highlighted the government's progress in this realm, noting the transformation of previously "no-go" areas in India's coastal waters into accessible zones for key resources.
Modi emphasized the country's commitment to achieving global leadership in green hydrogen, renewable energy, and energy storage. Additionally, he mentioned the recent approval of the Samudra Manthan (National Offshore Exploration) Scheme, which allocates ₹84,084 crore for deepwater oil and gas drilling. The initiative aims to bolster energy security and domestic fuel production.
Modi also addressed India's growing solar capacity, noting that the country has transitioned from 2 GW to 160 GW of solar energy capacity in just 12 years.
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