Prime Minister Narendra Modi on 6th February showcased India’s phenomenal projected growth in energy demand, stable and decisive leadership, and sustained reforms to invite global investors in the country’s oil and gas exploration and new energy, including green hydrogen.
Modi in his inaugural address at India Energy Week-2023 said India is the most opportune place to invest in the energy sector at present. The country is projected to witness the fastest growth in energy demand in the world in the next decade, the Prime Minister noted.
He said India is working on expanding its refining capacity from 250 MMTPA to 450 MMPTA. On 20 per cent ethanol blending with petrol, he said India is moving towards achieving the target. Modi also showcased the government initiatives on promoting green hydrogen in the country.