India to invest $67 bn in 5-6 years for developing gas sector: PM Modi

India will invest $67 billion in the gas sector over the next 5-6 years as part of an “unprecedented amount” of funds being put in to develop energy infrastructure, said Prime Minister Narendra Modi on Tuesday.

Speaking at the second edition of the India Energy Week (IEW) in Betul in South Goa, Modi said India is attracting global investors in the energy sector. “We want to increase the share of natural gas in the primary energy mix to 15 per cent from the current 6 per cent. Therefore, we are investing $67 billion in the next 5-6 years,” he said.

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