Highlights: Climate Change, Art, Diplomacy, Finance In Focus At NDTV World Summit 2024
Prime Minister Narendra Modi opened the "NDTV World Summit 2024 - The India Century" on Monday.
How BillionE Is Reducing Its Petroleum ConsumptionBillionE is focused on reducing the consumption of petroleum products in transportation, said Co-Founder Mustafa Wajid at the NDTV World Summit. Talking about environment and energy security issues, Mr Wajid said, "Fossil fuels used for generating electricity and transportation are two big elephants in the room. India consumes close to 150 million metric tonnes of petrol and diesel for transportation. At Billion Electric we are trying to address this. We have started deploying electric trucks."
"Decarbonising the transport sector at one level is our corporate objective. The name Billion means we would like to d a billion kilometers of decarbonised transportation," he added.
India's transportation requirements have multiplied by three times in the last 3 years and now stands at 3 tonnes kilometers. It is growing faster than the GDP, he said. Giving out the reason behind this, Mr Wajid said, "It is because of increased urbanisation, consumerism, and e-commerce sector. At BillionE we would like to see how to make this transportation more sustainable."