Speaking at the event here, Hollande said France wants to build the Post-Paris Agreement world with India, as he called the ISA as "India's gift" to the world in combating climate change. He also pledged 300 million Euros to develop solar energy in next five years.
Unveiling the plaque, Modi said although the ISA will be headquartered in India, it will function as a global and independent institution meant to benefit entire mankind.
"Like United Nations and WHO, it also belongs to the whole world," Modi said, adding that people from different countries will discharge various responsibilities for this initiative to give some sort of a "heritage" to the world.
Modi who travelled with Hollande from Delhi to Gurgaon, a satellite city of the national capital, in a Metro train said that the move is also aimed at sending a message that such environment friendly steps could also be ways to fight global warming.
Stressing that developing countries had their developmental needs, Modi said this cannot be done without the use of energy and hence the dilemma before the world is how to protect the environment while meeting the developmental needs of such nations.
"Energy has become an integral part of a nation's development journey. For the past one year, the world has been deliberating on how to combat global warming. This alliance ensures the world gets more energy and there is also a focus on innovation," he said.
ISA, an initiative of Modi, is an alliance of 121 solar resource rich countries lying fully or partially between the Tropic of Cancer and Tropic of Capricorn.
(Reopens DEL 117)
Reaffirming India's "responsibility" in this "life-saving mission", Modi said solar was the way to control global emissions and cut down the use of fossil fuel.
"The solution to combat one energy problem (of fossil fuels) lies in another (solar)," he said.
Narrating the sequence of events at CoP21, he referred to the new initiatives launched during the summit, the ISA and Mission Innovation, and said three nations - USA, France and India - took the initiative of innovation to protect the environment while the other initiative, which will impact generations, is the solar alliance.
He said France will also mobilise its companies, its research and technological institutions and diplomatic network to help achieve the objective of International Solar Alliance and work with India on the vital issue of cost of financing.
"I would like to announce here that the French Development Agency will allocate 300 million euros to developing solar energy over the next five years in order to finance the initial projects.
Yesterday, three MoUs were signed under the 'Smart city' theme for city-specific urban development between French Development Agency (AFD) with the state governments for the cities of Chandigarh, Nagpur and Puducherry.
"France will take part in the '100 Smart Cities' Programme launched by the Indian government. We can link this initiative to the Solar Alliance projects by helping to increase public lighting and on a broader level, supplying solar electricity to these cities.
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