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India Lays Foundation for 1,000 Years of Growth, PM Modi Highlights Early Achievements of Third Term

Prime Minister Narendra Modi, at the 4th RE-INVEST in Gujarat, highlighted that India is laying the foundation for the next 1000 years of development.

by Economy India
September 16, 2024
Reading Time: 3 mins read
Prime Minister Narendra Modi inaugurated Semicon India 2024 today in Greater Noida, unveiling an ambitious vision to propel India into a leading position in the global semiconductor industry by 2030.

Prime Minister Narendra Modi inaugurated Semicon India 2024 today in Greater Noida, unveiling an ambitious vision to propel India into a leading position in the global semiconductor industry by 2030.

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PM Modi Speaks at RE-INVEST in Gujarat, Outlines Government’s Progress and Future Goals


NEW DELHI (Economy India): Prime Minister Narendra Modi, currently in Gujarat for the Global Renewable Energy Investors Meet and Expo (RE-INVEST), emphasized that India is laying the groundwork for the next 1,000 years of development. In his address, Modi highlighted the progress made in the first 100 days of his third term, focusing on various sectors crucial for the nation’s growth.


Government’s Focus in First 100 Days

PM Modi addressed the RE-INVEST conference, noting that the early days of his third term have been dedicated to tackling every sector critical for national advancement. “In the first 100 days, you can see our priorities, pace, and scale. We have focused on every factor and sector essential for the country’s rapid development,” Modi said.


Infrastructure and Industrial Growth


Modi revealed significant decisions made in the initial 100 days, including the creation of 12 new industrial cities and the launch of over 15 Made-in-India semi-high-speed Vande Bharat trains. “We have also established a ₹1 trillion research fund to promote innovation,” he added.

Renewable Energy Targets


India has surpassed its G-20 Paris Agreement targets ahead of schedule. Modi highlighted the country’s commitment to achieving a 500 GW renewable energy target by 2030. He also mentioned plans for offshore wind energy projects and the generation of 31,000 MW of hydro power.


The Prime Minister noted that India is constructing 7 crore homes, surpassing the population of many countries. “We have completed 4 crore homes and started work on the remaining 3 crore,” Modi stated. The government is also promoting electric mobility and high-performance bio-manufacturing.

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Upcoming Projects and Goals

Modi expressed commitment to creating model solar cities in Ayodhya and 16 other locations. He emphasized that green energy and net-zero emissions are not just goals but necessities for the country.

Meeting with Solar Home Scheme Beneficiaries
On Monday, Modi met beneficiaries of the Solar Home Scheme in Gandhinagar. The scheme, launched with an allocation of ₹75,021 crore on February 29, aims to install solar panels on residential rooftops.
Review of Somnath Trust Activities
Earlier, Modi chaired a meeting of the Somnath Trust in Gandhinagar, reviewing the trust’s development activities. Modi has been the Trust’s chairman since January 2021, following the death of Keshubhai Patel.

(Economy India)

Source: Economy India
Tags: 000 Years of GrowthGreen EnergyIndia Lays Foundation for 1Industrial GrowthInfrastructure DevelopmentPM Modi Highlights Early Achievements of Third TermPMModiRenewable EnergySolar Home Scheme
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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