Parul
Lauding the unprecedented possibilities in the energy sector outlined by PM Modi in his address at India Energy Week, global energy CEOs on Monday said that India is emerging as the most attractive place for exploration of oil and gas with the country poised as a global bright spot.
The leaders from the energy sector in India and across the world, as part of the mega event, met PM Modi and said that he appreciated the suggestions made by international oil agencies.
PM Modi on Monday inaugurated India Energy Week 2023 in Bengaluru and launched several initiatives including uniforms under the ‘Unbottled’ initiative of Indian Oil.
These uniforms are made of recycled PET bottles. He also dedicated the twin-cooktop model of the Indian Oil’s Indoor Solar Cooking System and flagged off its commercial roll-out.
Later in the day, the PM launched E20 fuel at 84 retail outlets of Oil Marketing Companies in 11 states and union territories along the lines of the ethanol blending roadmap.
He also flagged off the Green Mobility Rally where vehicles running on green energy sources will participate and help create public awareness for green fuels.
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Anil Agarwal, Chairman of Vedanta Resources, said he had never seen such a presence concerning energy security, renewables, and alternative fuels.
“Today, amazing meeting with the PM who addressed the world leaders – Shell, Total, OPEC chairman – I have never seen presence like this about energy security, renewable, alternative fuel. I have no doubt India is a most attractive place for exploration of oil and gas,” he said.
Ranjith Rath, CMD, of Oil India, said there is huge interest in India’s initiatives towards decarbonisation in its green growth march. “Leaders from the oil sector in India and across the world met the PM. H
e appreciated the suggestions from international oil agencies. Everybody focused on India’s effort for decarbonisation. PM highlighted green budget for this year,” he said.
The three-day event will see the presence of more than 30 ministers from across the world. Over 30,000 delegates, 1,000 exhibitors and 500 speakers will discuss the challenges and opportunities of India’s energy future.
