India celebrates Independence Day amid tight security; PM promises to tackle inflation, terrorism

"We must apply modern science and technology to find long term solutions to our energy problem. Our crude oil and gas reserves are limited. We must find alternative energy sources," Singh said.

"All over the world, there is growing realization of the importance of atomic energy to meet the challenge of energy security and climate change. It is a clean, environmental friendly and renewable source of energy," the prime minister continued.

"India's atomic scientists and technologists are world class. They have developed nuclear energy capacities despite heavy odds. But there are handicaps which have adversely affected our atomic energy program. We have inadequate production of uranium. The quality of our uranium resources is not comparable to those of other producers. Many countries have imposed sanctions on trade with India in nuclear materials, nuclear equipment and nuclear technology. As a result, our nuclear energy program has suffered," he added.

"The nuclear agreement that we are negotiating with developed countries will end India's nuclear isolation. It will open up new opportunities for trade in dual-use high technologies and nuclear materials and equipment, opening up new pathways to accelerate industrialization of our country," he said.

The prime minister also vowed to root out terrorism from the country, urging state governments, all political parties, civil society groups and social and religious leaders to cooperate with the government in its efforts.

Singh said the terrorists and those who support them are enemies of the people of India and Pakistan and of peace in the region and the world. "If this issue of terrorism is not addressed, all the good intentions that we have for our two peoples to live in peace and harmony will be negated," he said.