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Pradhan invites Global Oil & Gas majors to partner India in energy transition

By TIOL News Service

NEW DELHI, OCT 29, 2020: THE Union Minister of Petroleum and Natural Gas & Steel, Mr Dharmendra Pradhan, has invited the global industry and experts to become partners in India's shared prosperity by enhancing India's production of all forms of energy. Speaking at the concluding Session of CERA Week India Energy Forum last evening he said that inauguration of India Energy Forum by the Hon'ble Prime Minister is reflective of the importance the Government of India attaches to improve the energy security, architecture and transform our energy landscape at a time when the Covid-19 pandemic is impacting adversely the global energy sector. 

Mr Pradhan said that we are deeply honoured that Prime Minister inaugurated the event for the first time in which he outlined his energy vision – A new energy map of India, with seven key drivers. The Minister underlined the key message of the Prime Minister about the rapid strides made by India in making universal electrification at village level, Clean Cooking Fuel reach far and wide in the country to each and every household, and nation-wide supply of LED bulbs, leading to massive energy efficiencies, thereby delivering on our promise of significantly reducing energy poverty in the country.

Mr Pradhan said that the Prime Minister on the first day of the event interacted with CEOs/Experts and Leaders of World's leading Oil and Gas companies and exchanged ideas on the energy sector in India. He said that Prime Minister highlighted that at the core of the Government policy is providing equitable access of clean, affordable and sustainable energy to all Indians.  Mr Modi underlined that the Government is taking a series of policy reforms to make India an attractive destination.  The Prime Minister also mentioned that a self-reliant India will also be a force multiplier for the global economy.

Mr Pradhan said Indian oil and gas industry has made significant strides in recent years. It has risen to the occasion in a commendable manner during these challenging times by ensuring energy supplies, including making clean cooking fuel reach the remotest part of the country. “I am confident the leaders of Indian oil & gas industry not only contributed their experiences but also will take home fresh ideas from this Forum,” he added.

The Minister said under the decisive and visionary leadership of Hon'ble Prime Minister, we are making concerted efforts and taking all necessary steps to make the energy sector fuel India's economic growth during and in the post-Covid period.   He said that the world is going through unprecedented health crisis and the Covid pandemic is obstructing the economic growth in the world. “We are at such a point, when we have to assess the impact of Covid led disruptions to global energy sector supply chains and calibrate our approach towards strengthening of India's energy sector”, Mr Pradhan added. 

 


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