PM Narendra Modi invites global energy players to India

Acknowledging that the country needs a comprehensive energy policy, Modi stressed on the need to develop energy infrastructure and access to energy in Eastern India.

Published: 10th October 2017 08:24 AM  |   Last Updated: 10th October 2017 08:24 AM   |  A+A-

India Prime Minister Narendra Modi

By Express News Service

NEW DELHI: Prime Minister Narendra Modi on Monday raised concerns at the status of the energy sector in the country, which he termed ‘highly uneven’. The Prime Minister also urged domestic and global energy majors to work on biomass energy and coal gasification.

Acknowledging that the country needs a comprehensive energy policy, Modi stressed on the need to develop energy infrastructure and access to energy in Eastern India. He flagged the potential of biomass energy and also invited participation and joint ventures in coal gasification.

Modi interacted with oil & gas CEOs and experts from across the world on Monday. Top CEOs and officials from Rosneft, BP, Reliance, Saudi Aramco, Exxon Mobil, Royal Dutch Shell, Vedanta, Wood MacKenzie, IHS Markit, Schlumberger, Halliburton, Xcoal, ONGC, IndianOil, GAIL, Petronet LNG, Oil India, HPCL, Delonex Energy, NIPFP, International Gas Union, World Bank, and International Energy Agency were present at the meeting.

Many participants strongly recommended the inclusion of gas and electricity in the GST framework. “…scope for reform in many areas still exists,” the Prime Minister said.
Highlighting the possibilities for innovation and research in the oil & gas sector, Modi indicated that as India moves towards a cleaner and more fuel-efficient economy,  the benefits should expand horizontally to all sections of the society, and in particular to the poorest.

Union Ministers Dharmendra Pradhan, and senior officials from NITI Aayog, PMO, petroleum ministry and finance ministry were also present. The suggestions made covered policy, administrative as well as regulatory issues.Rajiv Kumar, vice-chairman of NITI Aayog, in a presentation gave an overview of the work done in this sector. He also emphasised the expected growth in energy demand in India, and the significant progress made in electrification and LPG expansion.

The global CEOs and the Prime Minister also discussed contract frameworks and arrangements, requirement of seismic data sets, encouragement for biofuels, improving gas supply, setting up of a gas hub, and regulatory issues.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp