Modi sets 2047 target for becoming ‘energy independent’

Prime Minister Narendra Modi on Sunday set a target of becoming ‘energy independent’ by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in petrol and making the country a hub for hydrogen production. Delivering his Independence Day address from the ramparts of the Red Fort, he said India spends over Rs 12 lakh crore on energy imports every year.

“For India to progress, for Atmanirbhar Bharat, energy independence is the call of the hour,” he said. “India has to take NSE -4.22 % a pledge that it will be energy independent by the year we celebrate 100th year of Independence.”