Self-reliance in energy by 2047

Prime Minister Narendra Modi on Sunday formally announced the launch of a National Hydrogen Mission to accelerate plans to generate the carbon-free fuel from renewables as he set a target of 2047 for India to achieve self-reliance in energy. Delivering his Independence Day address from the ramparts of the Red Fort, he said India can achieve self-reliance in energy through a mix of a gas-based economy, doping sugarcane extracted ethanol in petrol and electric mobility. India, he said, spends over Rs 12 lakh crore on energy imports every year. While India is 85 per cent dependent on imports for meeting its oil needs, overseas supplies make up for roughly half of the local requirement for natural gas.

"For India to progress, for Atmanirbhar Bharat, energy independence is necessary. India has to take a pledge that it will be energy independent by the year we celebrate 100th year of Independence," said the PM.