PM showcases robust energy demand to woo investments
Says govt reduced no-go area for oil and gas exploration to 10 lakh sqkm, which will unlock investment opportunities; Budget provided Rs10 lakh cr for capital expenditure, which will give a boost to Green hydrogen, solar power and road sectors
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Bengaluru: Prime Minister Narendra Modi on Monday 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."
"I ask you to explore all opportunities connected with India's energy sector. India is the most opportune place for investment today," he said at the event, being attended by several ministers, corporate leaders and experts from different nations.
Multiple factors were behind it like stable and decisive government, sustained reforms, and socio-economic empowerment at the grassroots
—Narendra Modi
