Energy, petro vital in making India $5 tn economy: Amit Shah

Home minister urges PDPU to undertake research in recycling of single-use plastic

GN Bureau | August 30, 2019


#Education   #Narendra Modi   #Petroleum   #Energy   #Economy   #PDPU   #Amit Shah   #Environment  
Home minister Amit Shah at the convocation of the PDPU in Gandhinagar on Thursday, with Gujarat chief minister Vijay Rupani and RIL chairman Mukesh Ambani
Home minister Amit Shah at the convocation of the PDPU in Gandhinagar on Thursday, with Gujarat chief minister Vijay Rupani and RIL chairman Mukesh Ambani

The petroleum and energy sectors will play a vital role in making India a 5 trillion dollar economy, as envisaged by prime minister Narendra Modi.

Addressing the 7th convocation of the Pandit Deendayal Petroleum University (PDPU) today in Gandhinagar on Thursday, home minister Amit Shah said the government had taken several initiatives to develop these sectors, such as the new Hydrocarbon Exploration and Licensing Policy (HELP), but still more needs to be done.

He remarked that while India comprised of 18 percent of the world’s population, its energy consumption is only 5.4 percent of the global energy consumption, which shows that the per capita energy consumption in the country is quite low.

Giving an overview of the economy, he said India with strong macroeconomic fundamentals is the fastest growing economy and has reduced fiscal deficit from 5 percent of GDP to 3.3 percent of GDP. India’s place on the World Bank’s Ease of Doing Business Ranking has improved to 77 in 2019, from 142 in 2014. Similarly, India’s ranking on the World Economic Forum Global Competitiveness Index has also improved from 71 to 58.

Shah noted prime minister Modi’s goal of placing India among the world’s three largest economies by 2022. He noted that while there were only 3,000 startups from 1947 to 2014, today there are more than 20,000 startups, providing the youth opportunities to be globally competitive. He urged the graduates to take this era of transformations forward.

He said that decisions like the introduction of GST have proven that Modi takes decisions not to please people but to improve their lives and develop the nation. He also spoke of the surgical strikes and the Balakot airstrikes earlier this year and said that the strong, bold leadership of Modi has ensured that no adversary would think of harming India. He said the challenges of Articles 370 and 35A were solved by the iron will of Modi.

Shah recalled that PDPU was one of Modi’s dream projects when he was the chief minister of Gujarat, and said that through sheer hard work and will, within 12 years it has established its name as one of the best higher education institutes of the country.

Referring the prime minister’s remarks during the address to the nation on the independence day earlier this month, he urged PDPU to undertake research and development in recycling of single-use plastic and asked the institute to innovate in the field of eco-friendly plastic.

The home minister, visiting his parliamentary constituency, also participated in the concluding ceremony of ‘Mission Million Trees’ programme of the Ahmedabad Municipal Corporation. As part of the Mission, launched on the World Environment Day, June 5, 2019, 10,87,000 trees have been planted in the city.

He also held a meeting to review the progress of various central sector schemes in his parliamentary constituency of Gandhinagar.

Comments

 

Other News

Cast your vote, not vote for caste

Once the schedule for the next assembly elections has been announced, there is a flurry of activity around building caste coalitions. This is more intense in the most populous state,  Uttar Pradesh, which is the most important state in India in any election, in view of its large population estimated a

Maharashtra cities dominate Smart Cities Mission #Streets4People Challenge

In a competition organised by the Ministry of Housing and Urban Affairs (MoHUA), Pune, Pimpri-Chinchwad, Nagpur and Aurangabad from Maharashtra are among the 11 cities selected for scaling up their pilot projects and creating permanent public infrastructure. #Streets4People Challenge was org

CNC, Admiral R Hari Kumar condoles deaths of three navy personnel

The three Navy personnel who succumbed to injuries caused by an explosion on board Indian Navy`s destroyer ship INS Ranvir have been identified as Krishan Kumar MCPO (master petty chief officer)I, Surinder Kumar MCPO II & AK Singh MCPO II. In a condolence message, Admiral R Hari Kumar s

Two Indias: One for the billionaires, one struggling for minimum wages

Oxfam India has this week released ‘India Supplement 2022’ with deserving caption ‘inequality kills’. The supplement discusses India’s governance structures that promote the accumulation of wealth by a few, while failing to provide safety netsto the rest of the population. The

Aditya Thackeray launches 2 Oxygen cylinder recharge points

After the oxygen crisis faced during the second wave of Covid-19, the BrihanMumbai municipal corporation (BMC) has now set up its own medical oxygen cylinder recharge projects.   On Tuesday, guardian minister Aditya Thackeray launched two of the BMC’s new medical oxygen cylinders r

How inequality keeps rising amid pandemic – and is killing people

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion (at a rate of $15,000 per second or $1.3 billion a day) during the first two years of a pandemic while the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. A new

Visionary Talk: Farmer`s Agitation, Rakesh Tikait with Kailashnath Adhikari


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter