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Economic Times
6 hours ago
- Business
- Economic Times
India has opportunity to become net exporter of sustainable aviation fuel: Boeing executive
India has the opportunity to become a net exporter of sustainable aviation fuel as efforts continue to decarbonise aviation globally, a top Boeing executive said on Thursday and highlighted the ample availability of feedstock, including agricultural waste, for producing the fuel. Aviation accounts for around 2-3 per cent of the global carbon emissions, and Sustainable Aviation Fuel (SAF) can help in reducing these emissions. At industry body CII's Annual Business Summit 2025 in the national capital, Boeing India and South Asia President Salil Gupte also said that 2,500 civil aircraft will be coming into India over the next 20 years. India is one of the world's fastest growing civil aviation markets and Indian airlines have placed orders for more than 1,000 aeroplanes over the past few years. While mentioning that the country will have a newer and younger aircraft fleet in the coming years that will also help in decarbonisation, Gupte also said it can be looked at how India can play a role in industrialisation of biofuels for aviation. The barrier for SAF is not going to be aeroplane technology or engineering technology but the supply factor and how the fuel can be made more economical, he noted. Currently, SAF costs 2.5 to 3.5 times more than Aviation Turbine Fuel (ATF). If the world is to reach the net zero goal for aviation by 2050, it needs to have 185 million tonnes of SAF per year. India's feedstock, whether it is used cooking oil, agricultural waste or the like, will be able to make 8-10 million tonnes of SAF per year. "This means that India can actually provide over 5 per cent of the world's SAF requirements... India can be an exporter of SAF. This creates an opportunity. This means India can help decarbonise the civil aviation industry," Gupte said and added that turning agricultural waste into SAF will be a tremendous opportunity. Boeing, a leading aircraft maker, has a significant presence in India.
Hans India
2 days ago
- Business
- Hans India
Naidu unveils vision to make AP $2.4-tn economy by 2047
New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday unveiled a bold development agenda to transform Andhra Pradesh into a $2.4-trillion economy by 2047. Addressing the Special Plenary Session of industry body CII's Annual Business Summit 2025 here, he invited industry leaders to participate in the Swarna Andhra Vision 2047 and called for deeper collaboration in innovation, infrastructure, and inclusive growth. As part of the vision, the government aims to sustain over 15 per cent annual GDP growth and achieve a per capita income of $42,000-positioning Andhra Pradesh as one of the most prosperous and inclusive states in India. Naidu said entrepreneurs generate wealth, and with it, we can implement impactful welfare programmes. During the years when the CII Partnership Summit was held in Hyderabad, it brought immense visibility and investment, he added. 'Now, I seek your support to bring investment to Andhra Pradesh so we can continue creating wealth. We are at a truly inspiring moment in time', the Chief Minister said. Reflecting on his decades-long association with CII, Naidu noted, 'For over three decades, you've understood and engaged with my vision. In the mid-1990s, when CII was still finding its footing, I was warned that associating with industrialists or international forums like Davos might harm my political prospects. Yet, I persisted- attending Davos regularly since 1995 - because I believed in economic development through collaboration'. The Chief Minister said his government would set up a global leadership centre in Amaravati to prepare leaders for tomorrow, on the lines of Davos in Switzerland. "We want to set up a global leadership centre in Amaravati to prepare global leaders for tomorrow. We are all going to Davos to learn, network, meet people, exchange ideas. Now, this is the place I want to make it," he said. Naidu said companies like TCS, IBM and L&T would be setting up quantum computing centres in Amaravati, the new Greenfield capital. He said Andhra Pradesh is well-positioned for industries producing green energy. Naidu said his state has good solar and wind energy potential, along with pumped storage, green ammonia and nitrogen. It also has ports. "Some states have solar, some have wind, but all put together, Andhra Pradesh is the number one state for green energy and downstream industries," he said. Inviting industries to set up facilities in the state, Naidu said, "I will give you all the facilities. I am planning big." He said out of India's target to achieve 500 gigawatts of installed electricity capacity for non-fossil-based energy sources, 160 GW will come from Andhra Pradesh. Naidu highlighted India's evolution since the economic liberalization era under Prime Minister PV Narasimha Rao, noting that nearly 30 per cent of top global Indian achievers are of Telugu origin. He underlined the importance of technological advancements - ranging from AI to quantum computing—and stressed the potential of real-time data and innovation to position India as a global leader. 'We are fortunate to have Prime Minister Narendra Modi at the helm during this critical phase. Today, we are the fourth-largest economy. As India ascends to become the world's third-largest economy, the real competition begins - with the USA and China. The Indian industry must prepare for this next phase,' he urged.
Hindustan Times
2 days ago
- Business
- Hindustan Times
Naidu plans global leadership centre in Amaravati on the lines of Davos forum
Andhra Pradesh chief minister N Chandrababu Naidu on Friday said his government was contemplating setting up of a global leadership centre at Amaravati on the lines of World Economic Forum of Davos in Switzerland to produce future entrepreneurs and leaders in industry. Speaking at the special plenary session of the Annual Business Summit 2025 of the Confederation of Indian Industry (CII) in New Delhi, Naidu said his government was aiming at promoting more leaders to lead and provide services to the global community. 'We have requested the CII to set up a global leadership centre in Amaravati to produce leaders of tomorrow. We all have been going to Davos to network, exchange ideas, and meet people, and now, I want to make this place the new global centre. All leaders should come to Amaravati and India to cultivate leadership.' The chief minister unveiled a development agenda of his government to transform Andhra Pradesh into a $2.4 trillion economy by 2047. Inviting industry leaders to participate in the Swarna Andhra Vision 2047, he called for deeper collaboration in innovation, infrastructure, and inclusive growth. He said entrepreneurs generate wealth, and with it, the government can implement impactful welfare programmes. 'During the years when the CII Partnership Summit was held in Hyderabad, it brought immense visibility and investment. Now, I seek your support to bring investment to Andhra Pradesh so we can continue creating wealth,' he said. Naidu said the economic reforms initiated by former Prime Minister P V Narasimha Rao changed India forever. 'Today, many of the world's achievers are Indians—about 30% of them Telugus. India is poised to serve the global community for centuries to come,' he said. The chief minister pointed out that technology has matured, and the world is moving forward rapidly with developments in Artificial Intelligence, quantum computing, wearables, CCTV, and drones. If real-time data can be harnessed effectively, India, with its pool of outstanding entrepreneurs, can lead this revolution, he said. While answering a question on competitive federalism, the chief minister said the industrialists should be aware that, 'CBN (Chandrababu Naidu) is a tested brand and he offers the proof of concept.' Thus, they should be choosing his leadership in Andhra Pradesh to build their business, he said.
Time of India
2 days ago
- Business
- Time of India
Mandaviya outlines five-pronged strategy to help India become a Viksit Bharat in 2047
Labour and employment minister Mansukh Mandaviya outlined a five-pronged strategy that includes a citizen-centric growth model, an enabling environment for inclusive and sustainable development, leveraging India's demographic dividend , skilling India's youth and nurturing a culture of innovation, responsibility, and national pride, to help transform India into a developed nation by 2047. Speaking at the Confederation of Indian Industry's (CII) Annual Business Summit 2025 on Friday, Mandaviya called for a collaborative approach between government, industry and academia to impart skills training to India's youth to cater to the global demand for a skilled workforce. 'Cluster-based industrial training institutes (ITIs) are being developed, where industry-relevant skills will be taught to trainees under the hub and spoke model' Mandaviya said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In La Soukra (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo According to Mandiaviya, the 6-7% economic growth witnessed in India leads to wealth creation, increased purchasing power, job creation, and enhanced productivity. India is one of the world's best investment destinations because of its large democracy, transparent judiciary, rising purchasing power, large market and skilled workforce, said. Live Events 'Government's vision is grounded in India's demographic strength and cultural legacy. It is committed to leverage the nation's demographic advantage, as 65% of India's population is below the age of 35,' he said. 'This young population holds immense potential to drive growth across all sectors of the economy, towards which a focused effort is required to channelise this energy effectively,' he added. Mandaviya reiterated the Prime Minister's Internship Scheme (PMIS) will create job opportunities for 10 million youth in 'downstream companies' in the next five years. Citing the Reserve Bank of India data, Mandaviya said 170 million employment opportunities were created across India in a decade compared to 45 million in the decade earlier.
Business Standard
2 days ago
- Business
- Business Standard
India can spearhead a new era of resilient, equitable, and sustainable commerce: Rajesh Agrawal, Ministry of Commerce & Industry
India is uniquely poised as a trusted global partner, a large and growing market, and a capable producer to lead the effort in building resilient, reliable, and diversified supply chains for the world. This is the time for India, and we must seize the opportunity" stated Mr Rajesh Agrawal, Special Secretary, Ministry of Commerce & Industry, Government of India at the Annual General Meeting and Annual Business Summit 2025. Mr Agrawal further stated that trade and geopolitics have historically been intertwined, but the emerging global disorder marked by over-concentrated supply chains, rising unpredictability, and the weaponization of markets is compelling businesses to rethink resilience and diversification. In this context, he underscored Indias unique value proposition as both a trusted partner and a growing market economy. Mr Agrawal highlighted that Indias democratic institutions, strategic autonomy, and rising credibility have positioned it as a reliable anchor amidst global turbulence. As the world looks to de-risk supply chains, India offers a compelling alternative, not just as a manufacturing hub, but as a long-term partner for innovation, investment, and inclusive growth. Indias ability to lead the next phase of global trade lies in its capacity to adapt, innovate, and deliver at scale. With the right policy support and industry commitment, the country can spearhead a new era of resilient, equitable, and sustainable commerce. He urged Indian industry to step up and build future-ready capacities that align with global needs, underscoring the private sectors critical role in realising the vision of Viksit Bharat @2047.
