New Delhi, Feb 4 (IANS) India needs to leverage technology to stimulate sustainable development, Minister of State for Finance Jayant Sinha said Wednesday, calling upon entrepreneurs to develop innovative products for conserving the environment.
In his inaugural address at the curtain raiser of the 15th Delhi Sustainable Development Summit (DSDS) here, Sinha propagated "innovation for sustabilbility" as the "true need of the hour and the only solution" for mitigating the challenges of climate change in the country.
Recognising India's growth as imperative, Sinha said: "We want to put India on a sustainable non-inflation growth trajectory of 7 to 8 percent growth rate... if we want to find employment for 10 to 12 million young people that join our workforce every year.
"Such a high growth power would double the size of our economy in next 10 years... and for this we undoubtedly need to build our productive capacity. But we also need to ensure that our growth is sustainable," he said at the three-day summit organised by The Energy and Resource Institute (TERI) here.
To ensure a sustainable growth trajectory, Sinha said: "We should not only make in India, but also innovate in India, for India. It is this innovation that can help us solve our environment problem and let us grow sustainably."
He said a "vibrant entrepreneurial ecosystem" was needed to nurture and promote entrepreneurs who would develop innovative products and devise solutions to the problem linked with the need for rapid growth and the corresponding effect on environment.
Sinha assured that such entrepreneurs would have "support" of the government.
Describing water scarcity, pollution, and environmental change as the three key roadblocks in India's need for a fast-track growth, the minister said innovations like TERI's biodegradable plastics was "precisely the type of innovation that we need in India" for ensuring a growth while conserving the environment.
The minister said technology and sustainable growth were not in an adversarial relationship and they could be effectively used to compliment one another.
"With clever and innovative technology we can develop products that promote sustainable growth and only with such growth can we keep developing. We need a true partnership bet business, innovators and in terms of environment conservation," he said.
Over the past 14 years, the DSDS has been serving as an annual platform to discuss issues of sustainability and relevant policy interventions to ensure a sustainable future.
Themed as "Sustainable Development Goals and Dealing with Climate Change", the 15th edition of the summit will see the presence of UN secretary general Ban ki-Moon (via video conference), former governor of California Arnold Schwarzenegger, TERI director general and chairman of the UN Intergovernmental Panel of Climate Change R.K. Pachuri as well as other state dignitaries along with several environment enthusiasts from across the world.
India had warned Pakistan about CPEC, and now PAK's answer came
Pakistan has reacted to India's statement in which India strongly objected to the exercise of inc
Recently, news came that Tamannaah Bhatia and Vijay Verma have broken up. Since then, fans were w
Sam Bahadur: Big blow to the makers of 'Sam Bahadur', Vicky Kaushal's film leaked online
Bollywood actor Vicky Kaushal is in the headlines these days for his film 'Sam Bahadur'. There is
In the last 24 hours, 69,544 cases of corona infection have been found in the country. A day befo
The trailer of South Cinema's much-awaited film Thug Life has been released. 70-year-old Kamal Ha
Putin is facing the ire of his countrymen after the attack on Ukraine. People in Russia are prote
PM Narendra Modi forms economic response task force, calls for 'Janata Curfew'
राष्ट्र को 30 मिनट के संबोधन में, मोदी
The Prime Minister's Relief Fund (PM Care Fund), created to provide relief during any kind of dis
Coronavirus lockdown made Indian rich 35% more wealthy, 1.7 million jobs lost every hour in April
Coronavirus has further increased income inequality between India's billionaires and the poor. Th
Aamir Khan's reaction came on official entry in Oscars 2025 of Laapataa Ladies, X Wife revealed
It is a time of happiness for Aamir Khan and Kiran Rao, as his film Missing Ladies (Laapataa Ladi
