Dr. Manmohan Singh the Prime Minister of India said that we are considering to set up a Venture Capital Fund to promote green technologies. Manmohan Singh said that the National Plan of Action on Climate Change to be released in June this year would address the challenges of global warming. Dr. Manmohan said,”Our Council on Climate Change is working on a National Plan of Action for Climate Change. Even as we engage internationally in creating a global strategy to address climate change we would in parallel work on local, sub national and national action to meet the challenges of climate change”.