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“Green Economy” to be new addition to India’s future growth: Dr Jitendra

INS Correspondent by INS Correspondent
October 3, 2023
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“Green Economy” to be new addition to India’s future growth: Dr Jitendra
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New Delhi, Oct 03: Union Minister of State, Dr Jitendra Singh on Tuesday said that “Green Economy” is going to be the new addition to India’s future growth

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In an exclusive interview during “Green Ribbon Champions” Conclave, Dr Jitendra Singh said, the Industry stake in StartUps and Research & Development ought to be from the very beginning.

“Green Financing with a larger industrial engagement and Industry involvement is required right from the beginning because it is my considered view that otherwise you cannot move forward beyond a certain point,” he said.

Dr Jitendra Singh said Bioeconomy is going to be a hugely lucrative source of livelihood in the times to come.

“In 2014, India’s bioeconomy stood at just about $10 Billion, today it is $80 Billion. In just 8/9 years it has gone (up) 8 times and we look forward to having $125 Billion by 2025,” he said.

Dr Jitendra Singh said the Anusandhan National Research Foundation (NRF), announced by Prime Minister Shri Narendra Modi, will have huge non-government resources. As a result, the demarcation between the Public and Private sector will be bridged and there will be greater synergy for future growth, he said.

“National Research Foundation will also act as a think tank, it has the mandate of even deciding the themes on which the projects have to be undertaken and funded depending on the requirements or the futuristic visions/projections, also (deciding on) the international collaborations,” he said, adding, “the NRF will have a more scientific approach so that the Innovation doesn’t get lost in the din of times.

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Anusandhan NRF Act was passed by the Parliament in the recent Monsoon session, with a budget of Rs.50,000 crore over five years. NRF will promote the culture of research and innovation throughout India’s universities, colleges, research institutions, and R&D laboratories and give further impetus to Clean energy research in India and Mission Innovation. As much as 70% of its funding will come from non-governmental sources.

Dr Jitendra Singh said, one of the greatest revolutions that has been brought in by PM Modi is the National Education Policy, NEP-2020. It will allow students to switch over their stream of higher studies from Engineering to Humanities and vice versa based on their aptitude.

“It is going to have a bearing on every sphere of our life, even our mental wellbeing. As I said, the citizens or the youth will not be living all their lives as ‘prisoners of their aspirations’ which was actually nursed by their parents,” he said.

With a provision of multiple entry/exit option, one of the objectives of NEP-202 is de-linking degree from education. Academic flexibility will have a positive impact on the students related to the availing of different career opportunities at different times, depending upon their intrinsic learning and inherent aptitude.

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