The strong India-Australia partnership will play an important role in shaping the post-COVID world, Prime Minister Narendra Modi said on Friday and expressed confidence that the two countries would take the lead in providing circular economy solutions.

Addressing the valedictory function of India-Australia Circular Economy Hackathon, Modi said consumption-oriented economic models have put a great strain on the planet.

“We must never forget that we are not the owners of all that Mother Earth has to offer, but merely its trustees for all the future generations to come,” he said.

Stressing that it is not enough to make production processes more efficient and less polluting, Modi said no matter how fast or slow one drives, if the direction is wrong, then one is bound to reach the wrong destination.

“And so, we must set the right direction,” he added.

The prime minister called for looking at consumption patterns, and how their ecological impact can be reduced.

Noting that this is where the concept of a Circular Economy comes in, Modi said the concept can be a key step in solving many of our challenges.

Recycling and reusing things, eliminating waste, and improving resource efficiency must become part of our lifestyles, the prime minister asserted.

“This hackathon has seen innovative solutions from Indian and Australian students, startups and entrepreneurs. These innovations show your commitment to the philosophy of circular economy,” he said.

“I have no doubt that your innovations will inspire our two countries to take the lead in circular economy solutions,” Modi said.

Also, ways must be explored to scale-up and incubate these ideas, Modi said.

Circular economy implies reusing waste back into the production cycle to make new products and uses instead of wasting such materials with embedded resources.

He asserted that the power of youth comes from openness to new ideas and innovations, and the ability to take risks.

The energy and enthusiasm of today’s youthful participants is a symbol of the forward-looking partnership between India and Australia, he said.

“I have full confidence in the energy, creativity and out-of-box thinking of our youth. They can offer sustainable, holistic solutions to not just our two countries but to the whole world,” the prime minister said.

The strong India-Australia partnership will play an important role in shaping the post-COVID world, he said.

“And our youth, our young innovators, our startups, will be at the forefront of this partnership,” Modi asserted.

He noted that in June last year, Australian Prime Minister Scott Morrison and he discussed the possibility of organizing a hackathon on the Circular Economy, and was happy that their idea has been realized so soon.

In his remarks, Morrison also lauded the joint initiative.