Friends, India has emerged as world’s fastest growing large economy under the visionary leadership of Hon’ble Prime Minister Shri Narendra Modi. Today, we are seen as the engine of global growth and India has emerged as a key destination for foreign investors in recent years.
Our government has a clear vision for the future of India’s energy sector and the country’s energy security. Together we are working to ensure that all people have access to clean, affordable and reliable energy, and to make India a welcoming haven for investment across the energy sector.
Today India is moving to the centre stage of global oil and energy market with a rapidly rising large economy, an expanding middle-class and inspirational youth and increasing urbanization. As per estimates, India’s energy consumption is projected to grow at 4.2% per annum up to 2035, faster than all major economies in the world. Oil and gas will continue to play a predominant role in meeting our energy requirements.
In this important year when we are celebrating Pandit Deendayal Upadhyay ji’s birth centenary we resolve that no energy policy is complete unless we reach out to the underprivileged members of the society.
India’s oil & gas sector has made rapid strides in the past three years with several path-breaking reforms implemented in upstream, midstream and downstream sectors. While on one hand, the Government has taken reforms measures to revitalize India’s domestic oil & gas production through the policies of Open Acreage, marketing and pricing freedom, on the other hand our mission to provide access to clean cooking fuel and customer centric approach have been executed through schemes like Pradhan Mantri Ujjawala Yojana (an initiative to provide clean cooking LPG to 50 million poor households) and the deployment of the PAHAL Direct Benefit Transfer of LPG subsidy which has been recorded in Guinness book of World records being largest Direct Benefit Transfer scheme.
In order to move towards a gas-based economy in the coming years, our thrust is to develop more LNG re-gasification capacities and expansion of the country’s cross-country gas pipeline network by another 15,000 km. Pradhan Mantri Urja Ganga Project is one such ambitious project that is underway. We have also embarked on environment friendly alternate fuel program. We have launched ethanol blending program and Oil PSUs are setting up 2nd Generation ethanol plants.
It is a matter of great pride for me to see the entire Oil & Gas Industry coming together to work towards fulfilling our Prime Minister’s dream of a Poverty free, safer, cleaner & healthier India: A ‘New India’. As our Prime Minister has rightly said, “In 1942, the clarion call was ‘Karenge Ya Marenge’ – today it is ‘Karenge Aur Kar Ke Rahenge’”. We must all continue to Strive.
The upcoming five-year period gives us a unique opportunity of ‘Sankalp Se Siddhi’, towards a New India Movement (2017-2022).
On this Independence Day, let us all inspire a serving attitude in our mind, work for the country, and fulfil our responsibilities.
With this thought, my heartily greetings and well wishes to you all on the occasion.
I would like to know your opinion & views about how can we improve on our existing schemes & develop better policies.
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Jai Hind !
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