Prime Minister Narendra Modi has invited investors to participate in the rapid growth being charted out by India’s energy sector, saying that major investment opportunities are being developed in the space.
In his address at the inauguration of India Energy Week in Bengaluru, Modi said that numerous areas of India’s energy landscape—from conventional hydrocarbons to renewables and biofuels to promising futuristic fuels like green hydrogen—are witnessing unprecedented growth and are replete with opportunities.
Modi said that India’s strategy for the energy sector is centred around four major verticals—increase in domestic exploration and production of oil and gas, diversification of energy supplies, expansion of alternative sources of energy like biofuels, ethanol, compressed biogas, and solar energy,
