India to reduce energy imports by 10% in next 6-7 years
The Dollar Business Bureau The report also projects that India’s oil import dependence will increase above 90% by 2040 Pledging to make India’s oil and gas sector transparent and attractive for foreign investors, Petroleum Minister Dharmendra Pradhan on Friday said the government was in the process of reducing its import for domestic energy requirement by 10% in the next 6-7 years. “...we want to cut down India’s import dependence for domestic energy needs by 10% in the next 6-7 years. We are keen to make India’s oil and gas sector fair, transparent and attractive for domestic and foreign investors through appropriate policy, regulatory and fiscal interventions” the minister said at the launch of the India Energy Outlook by the International ...
India to come up with new National Energy Policy
The Dollar Business Bureau India is set to become the main driver of the global energy demand from 2020s and is in the middle of transformation mainly driven by the energy sector. In this regard, ‘What matters to India, will matter to the world and that’s the reason we are focusing on India in 2015,’ says Fatih Birol, Chief Economist, International Energy Agency (IEA). The IEA Chief Economist was addressing a workshop on ‘India Energy Outlook’, which was jointly organised by the IEA and National Institution for Transforming India (NITI) Aayog, with the support of The Energy and Resources Institute (TERI). In his address, the IEA economist said, ‘India needs $100 billion to meet its growing energy demand and ...
