New Delhi: India will invest $67 billion (around Rs 5.5 lakh crore) in the next five to six years to boost the share of natural gas in the country’s primary energy mix to 15% from the current 6%, Prime Minister Narendra Modi said on Tuesday.
Speaking at the second edition of India Energy Week in Goa, Modi said a significant portion of the budgeted capital expenditure for the financial year 2024-25 would go to the energy sector.
In the interim budget, the government has pegged capital expenditure (capex) for 2024-25 at Rs 11.11 lakh crore (nearly $134 billion), which is 11.1% higher than the current financial year.
