‘A fight for a cleaner future’

‘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.

1. 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.