Even as India remains committed to green growth, it would need major investments in the traditional oil and gas sector, Prime Minister Narendra Modi said on Monday, as he invited foreign investors.
Speaking at the first edition of the India Energy Week 2023 in Bengaluru, Modi also assured investors that the government is working to quickly ramp up domestic oil production and refining.
He said the government is working to raise the total crude oil refining capacity in the country to 450 MMTPA (million metric tonnes per annum), from the current 250 MMTPA.
