Prime Minister Narendra Modi emphasized the strength of India’s energy investments amidst the ongoing West Asia conflict, attributing the country’s resilience to strategic developments in energy security over the past decade. Speaking at the Indian Institute of Management Bangalore, Modi highlighted initiatives such as increasing domestic fuel production and expanding renewable energy sources, which have helped India withstand disruptions from the conflict involving Iran and Gulf countries.
During his visit to Karnataka, Modi inaugurated infrastructure projects worth over ₹15,600 crore, including a new section of the Bengaluru Metro, extending the network’s operational length beyond 100 kilometers. He also laid the foundation for several energy projects aimed at enhancing fuel storage and distribution, such as an LPG facility in Mangaluru, which will increase the nation’s storage capacity by 80,000 metric tonnes, and the Devangonthi marketing terminal for improved supply of petrol, diesel, and aviation fuel.
Modi noted the country’s progress in renewable energy, stating that India’s capacity has surpassed 300 gigawatts. He pointed out initiatives like the PM Surya Ghar Muft Bijli Yojana for rooftop solar installations and the PM-KUSUM scheme for solar-powered irrigation pumps, underscoring the nation’s commitment to sustainable energy sources.
Additionally, Modi addressed India’s advancing space technology and scientific research during his visit to Mysuru. He highlighted the practical applications of satellite technology, such as weather warnings for fishermen and crop insurance assessments, and the opportunities created by opening the space sector to private companies and startups.
Modi also recognized India’s growing middle class as a key driver of economic development, fueling demand in various sectors, including automobiles, electronics, and healthcare. He emphasized that these advancements in energy and technology sectors are crucial for sustaining India’s economic growth and resilience.