Calls upon investors to look at India's investments in oil and gas sector

07 Feb 2023

Prime Minister Narendra Modi on Monday said that despite the pandemic and wars, India has been a bright spot in 2022 as internal resilience has helped it despite challenges in the global environment. Addressing a huge gathering of representatives of the oil and gas industry while inaugurating the India Energy Week (IEW), Modi said that a stable and decisive government as well as sustained reforms and socio economic empowerment helped the country to cope with global challenges.“India’s strategy towards the energy sector is based on four major verticals  to increase domestic exploration and production; diversification of supplies; to expand alternative energy sources like Biofuels, Ethanol, Compressed Bio Gas & Solar; and to achieve decarbonisation through electric vehicles & hydrogen,” he said. He urged investors to look at India as “it is the most relevant place for investment in the field of energy.”‘We’re with Turkey v’ Expressing concern over the massive earthquake that hit Turkey on Monday, Prime Minister Narendra Modi stated that India’s “140 crore people are with the victims of the earthquake in Turkey”. Meanwhile, senior officials of the Prime Minister’s Office (PMO) on Monday held a meeting to discuss immediate relief measures to help Turkey cope with the massive earthquake.