Prime Minister Narendra Modi on Sunday set a target of becoming 'energy independent' by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in petrol and making the country a hub for hydrogen production.

Delivering his Independence Day address from the ramparts of the Red Fort, he said India spends over Rs 12 lakh crore on energy imports every year.

"For India to progress, for Atmanirbhar Bharat, energy independence is the call of the hour," he said. "India has to take a pledge that it will be energy independent by the year we celebrate 100th year of Independence."

The roadmap for that is to increase usage of natural gas in the economy, setting up a network of CNG and piped natural gas networks across the country, blending 20 per cent ethanol in petrol and electric mobility, he said.

The country has achieved the target of 100 gigawatts of renewable energy capacity ahead of the target, Modi added.

'No dearth of political will to bring reforms'

Asserting that there is no dearth of political will to bring reforms in India, Modi called for a review of rules and procedures across the country so that every process that creates a hindrance for people is removed.

India is writing a new chapter in governance, he said while addressing the nation from the ramparts of the Red Fort on 75th Independence Day.

PM Modi said good and smart governance is required for implementing reforms in the country.

"Political will is required to bring in big changes and big reforms. The world now knows that there is no lack of political will in India for reforms," he said.

"Today the world is also a witness to how India is writing a new chapter of governance," he said.

Modi said a campaign should be launched in all departments and government offices in both central and state governments to review rules and procedures.

"Every rule, every process that has stood before the people of the country as a hindrance, as a burden, we have to remove it," Modi said.

The prime minister said moving forward on the path of development, India will have to increase both its manufacturing and exports.