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‘A fight for a cleaner future’
Context:
- International Solar Alliance’s founding conference to be held in New Delhi.
Introduction:
- International Solar Alliance conference will be jointly held by India an France.
- Venezuela’s President Maduro is making his first visit to India for two days for the International Solar Alliance
How significant is this visit expected to be?
- This is the first meeting between President Maduro and PM Modi.
- Venezuela is increasing its oil production and is a major exporter to India.
- India also has good relations with Venezuela
- Both India and Venezuela collaborate in many multilateral platforms.
Venezuela is increasing its oil production and is a major exporter to India. Is there a contradiction between that and the Solar Alliance’s plans?
- Oil is a geo-strategic resource and countries of the world must see it as a reason to cooperate, not a reason to dominate others.
- Venezuela sits on the world’s largest energy reserves and coal.
- Today, 60% of our energy comes from hydropower.
What is on the India-Venezuela bilateral agenda?
- India and Venezuela have kept up their oil relations.
- Both sides have increased production of oil, which is jointly developed by Indian oil companies.
- Both leaders will discuss cooperation in pharma production.
- The Venezuelan government provides all medicines, many of which procure from India.
- Venezuela has protected the Indian pharmaceutical companies from American and European MNCs who want to stop them.
- There is also hope for agricultural cooperation. Venezuela wants Indian agricultural agencies to impart their knowledge and technology to them.
- S .economic sabotage:
- Venezuela is the world’s largest natural reserves of oil.
- U.S. and their agencies and European powers are not seeking democracy in Venezuela, they are after the oil.
