RE-INVEST Expo Showcases Innovations in Renewable Energy Sector

The Prime Minister, Shri Narendra Modi inaugurated the 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) at Mahatma Mandir, Gandhinagar in Gujarat today. The 3-day summit honours the important contributors to India's remarkable achievement of over 200 GW of installed non-fossil fuel capacity. Shri Modi also took a walkthrough of the exhibition showcasing cutting-edge innovations from public and private sector companies, start-ups, and major industry players.

The Prime Minister said that India's diversity, scale, capacity, potential and performance are all unique and pave the way for Indian solutions for global applications. “Not just India, the whole world believes that India is the best bet of the 21st century”, exclaimed the Prime Minister. Recounting the global events hosted by India in the last one month, Shri Modi said that Global Fintech Fest was organized earlier in this month, people from across the globe participated in the First International Solar Festival, Global Semiconductor Summit, India also hosted the 2nd Asia-Pacific Civil Aviation Ministerial Conference and today India is hosting a conference of Green Energy.

The Prime Minister said India is the first G20 nation to achieve the climate commitments set in Paris, that too 9 years before the deadline. Shri Modi outlined the nation’s goals to achieve the target of 500 GW of renewable energy by 2030 and said that the government has turned the green transition into a people’s movement. He suggested studying India’s unique scheme for Rooftop Solar - PM Surya Ghar Free Electricity Scheme where the government funds a Rooftop Solar Setup for every family and helps in installation. Through this scheme, the Prime Minister said, every household in India becomes a power producer. He informed that more than 1 crore 30 lakh families have registered under the scheme and installation work has been completed in 3.25 lakh houses so far. Shri Modi further added that PM Suyra Ghar scheme is becoming a medium of employment generation and environment protection generating around 20 lakh jobs. PM Modi informed that the government aims to prepare 3 lakh youth as skilled manpower under this scheme. Out of these, one lakh youth will be Solar PV Technicians. “Every 3 kilowatts of solar electricity generated will prevent emission of 50-60 tonnes of carbon dioxide”, he said, noting the contributions of every family in fighting climate change.

Addressing the gathering Union Minister for New and Renewable Energy, Shri Prahlad Joshi made the inaugural address and emphasised how under Shri Narendra Modi’s leadership India is claiming a leading position in the global renewable energy sector. He also made an appeal to all stakeholders to invest in India’s vibrant and rapidly growing RE sector. He reiterated our commitment to harness the immense potential of renewables that India offers.

Shri Joshi expressed deepest gratitude to participating States in the RE INVEST Meet. He said, our States not only highlight the collective vision of India for a greener future but also play a key role in attracting and nurturing investments in the renewable sector. Shri Prahlad Joshi also felicitated states and industries for their remarkable contribution in surpassing 200 GW of installed non-fossil power capacity in the country. Urge other States to learn from the success stories in the renewable sector and adopt it suiting their own requirements.

Governor of Gujarat, Acharya Devvrat, Chief Minister of Gujarat, Shri Bhupendra Patel, Chief ministers of Andhra Pradesh, Rajastahn, Madhya Pradesh, Chhattisgarh and Goa were present on the occasion among others.

Background

The 4th Global Renewable Energy Investor’s Meet and Expo (RE-INVEST) is poised to highlight India's impressive progress in renewable energy manufacturing and deployment. It will feature a two-and-a-half-day conference attracting delegates from around the world. Attendees will engage in a comprehensive program including the Chief Ministerial Plenary, CEO Roundtable, and specialized discussions on innovative financing, green hydrogen, and future energy solutions. Germany, Australia, Denmark and Norway are taking part in the event as partner countries. Gujarat is the host state and Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Telangana and Uttar Pradesh are participating as Partner States.

There will be an exhibition which will showcase cutting-edge innovations from public and private sector companies, start-ups, and major industry players. This exhibition will underscore India's commitment to a sustainable future.