Prime Minister Narendra Modi addressed the Rajya Sabha, highlighting the government’s efforts to shield citizens from international oil disruptions. He underscored the importance of ‘Made in India’ ships to reduce reliance on foreign entities in the evolving global landscape. Emphasizing self-sufficiency across sectors, including fuel transportation and maritime domains, PM Modi advocated for Atmanirbharta to mitigate global vulnerabilities.
In response to the West Asia crisis, PM Modi emphasized the need for self-reliance to navigate through global uncertainties. He expressed concerns over India’s heavy reliance on foreign ships for trade and outlined plans to invest Rs 70,000 crore in building indigenous ships. The government’s initiative aims to bolster India’s presence in shipbuilding, maintenance, and related maritime activities, fostering economic independence.
PM Modi reiterated the government’s commitment to enhancing self-reliance in various sectors, including defense, with a focus on indigenous production. He assured that India’s economic fundamentals are robust, with contingency measures in place to address short, mid, and long-term impacts. The government is actively addressing the fuel crisis stemming from the West Asia conflict through inter-ministerial panels, akin to the approach during the Covid-19 pandemic.
The ongoing conflict in West Asia has triggered a global energy crisis, disrupting essential supplies passing through critical routes like the Strait of Hormuz. Despite challenges, India is working to ensure the safe passage of ships carrying vital commodities amidst the conflict scenario.
