: India to become fastest growing green economy: Piyush Goyal #finance #StockMarketNEWS India to become fastest growing green economy: Piyush Goyal New Delhi, Mar 8 (KNN) India is moving towards

India to become fastest growing green economy: Piyush Goyal #finance #StockMarketNEWS
India to become fastest growing green economy: Piyush Goyal New Delhi, Mar 8 (KNN) India is moving towards becoming the fastest growing green economy of the world, Piyush Goyal, Minister of Commerce & Industry said today.

Addressing the seminar, Only One Earth - a discussion on Environment at the India Pavilion, EXPO2020 Dubai virtually, Goyal said, "While we are proud to be the fastest-growing economy in the world, we hope to become the fastest-growing green economy across the planet. "

The session, organized in collaboration with Bhamla Foundation, aimed at raising awareness and the need to safeguard the environment, in line with the annual global theme laid out by the United Nations Environment Programme, Only One Earth for the World Environment Day 2022.

Goyal further said, "I am grateful to the leadership of the United Arab Emirates for giving the India Pavilion a place of pride at the World EXPO2020 Dubai”.

The Pavilion is a perfect example of bringing sustainability into action. It has been constructed on principles of water and energy conservation and we are focusing on recycling in a big way and hosting a wide range of discussions around biodiversity, wildlife conservation, climate action and renewable energy, Goyal added.

As a signatory to the Paris Agreement, the Modi government has walked the talk on green energy. Our installed non-fossil energy capacity is the 4th largest in the world and has grown by 300 per cent, he added.

Goyal said, one of our notable initiatives was a conversion from the incandescent light bulb to LED light where we are probably the worlds largest in terms of the rollout of LED. That has saved the country 6-7 billion dollars of our consumers and saved 80 million tonnes of carbon emission and contributed to making the world a safer place to live in.

Goyal further stated, "As a leading agri-producer, we are taking significant efforts to promote the biofuels. Now, food grains waste and sugarcane are converted into ethanol in a big way, with the ethanol blending programme making rapid strides. It used to be 1 percent then this year between 9-10 percent and in the next 2 years we hope to take the blending to 20 percent, to reduce our dependence on import of crude oil.

The session was attended by eminent personalities from the UAE and India including Amruta Devendra Fadnavis, Social Activist on Environment & Sustainability, Royal Prince of Udaipur, Lakshyraj Singh Mewar, Shantanu Mukherjee, Musician and Composer on Environment & Sustainability, Suniel Shetty, Indian film personality, and Surendra Patawri, Indian film producer, Chairman, Gemini Corporation NV, Belgium.