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Hardeep Singh Puri, Minister of Petroleum and Natural Gas, said Monday that India would emerge as the world’s leader in green hydrogen. While attending the World Economic Forum in Davos, Switzerland, Mr. Puri made these remarks as part of the Indian delegation headed by Piyush Goyal, Commerce and Industry Minister.
“India is making progress faster than any other country in the direction of a green transition. Mr. Puri stated that the current energy crisis is helping to accelerate the transition. The current government has made rapid progress on vaccine production and added, “Whatever vaccine manufacturing capability India had previously almost been dismantled during 2004-2014,” he adde.
The comments by the Minister reflect India’s commitments on the sustainable energy front, as Western economies want to decrease their dependence on Russian energy supplies. Prime Minister Narendra Modi has highlighted India’s green hydrogen capabilities.
This year marks 25 years since India first appeared at the World Economic Forum in Davos. Six sessions are offered by the India Lounge at Davos to commemorate this special occasion. They include digital economy, energy transformation and building unicorns. One session will offer the chance to monetise infrastructure assets at $80 billion.
The Indian team also includes Mr. Puri, Mr. Goyal, and Health Minister Mansukh Mandaviya.
Mr. Goyal met Alexander R. Wynaendts, chairman-elect, Deutsche Bank at Davos. “Discussed ways the financial institution could further support the government’s sustainable-growth agenda. He also discussed how digitization can help businesses to achieve environment, governance, and social-linked goals,” Mr. Goyal stated.