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Prime Minister Narendra Modi on Monday urged global investors to explore investment opportunities in the country's energy sector, saying India is the most opportune place at present. Modi in his inaugural address at the India Energy Week 2023 said the Budget (for 2023-34) has provided Rs 10 lakh crore for capital expenditure, which will give a boost to green hydrogen, solar power and road sectors. "I ask you to explore all opportunities connected with India's energy sector. India is the most opportune place for investment today," he said at the India Energy Week, which is being attended by several ministers, corporate leaders and experts from different nations. The Prime Minister also recalled several initiatives taken by the government to promote green energy and make India net zero by 2070. The budget 2023-24 has provided Rs 35,000 crore to the petroleum and natural gas ministry for achieving the net-zero target. India Energy Week 2023 is the first major event of G20 under India
In making several weak points in the column, "Why India won't grow at 8% plus" (June 9), Shankar Acharya has overlooked two facts: India is now by far the biggest market opportunity for every major manufacturer in the world, especially manufacturers in India; and that it offers by far the best repayment potential for investments.In a world where the developed countries are flush with funds and are looking for safe investment opportunities with the expectation of some positive return, the above two facts make 8-10 per cent gross domestic product growth a near-certainty in India, given its demographics and provided there is reasonably good governance.In the next 20 years that window of opportunity will shift slowly to those African countries or other less developed nations that get their governance right.Alok Sarkar KolkataLetters can be mailed, faxed or e-mailed to:The Editor, Business StandardNehru House, 4 Bahadur Shah Zafar MargNew Delhi 110 002Fax: (011) 23720201E-mail: letters@bs