Dehradun: Prime Minister Narendra Modi said the country was going through a phase of massive change as India was on its way to becoming a global player in many realms, including renewable energy.

Speaking at the Uttarakhand Investors Summit in Dehradun on Sunday, PM Modi cited the mantra of 'One World, One Sun and One Grid', asserting that India was on its way to becoming a world leader in renewable energy with plans of generating 40% energy from non-fossil fuel by 2030 and 175 GW of green energy by 2022. 

He said the country was going through a phase of massive change. He also stressed on Uttarakhand's potential on becoming an 'organic state.' 

At the inaugural event, he also pointed out that the current government has reformed the tax system in the country making it more swift, transparent and lucrative for investment opportunities especially due to Insolvency & Bankruptcy Code and the strong banking system. He further added that fiscal deficit has been reduced in the country, urging for more investment in the agriculture sector. 

Speaking to media a day before the event, state chief minister Trivendra Singh Rawat said that his government is providing incentives to investors and have a single window clearance, which clears proposals within 15 days. The event is expected to generate an investment of around Rs 20,000 crore in sectors such as food processing, horticulture and floriculture, tourism and hospitality among others