pm-modi-dharmendra-pradhanPrime Minister Narendra Modi on Monday inaugurates the 12th International Oil and Gas Conference, PETROTECH-2016, in New Delhi. Addressing the occasion, Modi said India needs to increase its domestic oil and gas production and reduce import.

The Prime Minister said, energy is the key driver of the country’s economic growth. He said the country needs affordable and reliable sources of energy to meet the increasing demand. He further added, energy sustainability is a sacred duty which India does out of commitment and not out of compulsion. He said, the country needs energy which is accessible to the poor and efficient in its use.

The Prime Minister said, hydrocarbons will continue to play an important role in India’s growth. He said, energy in general and hydrocarbons in particular are an important part of his vision for India’s future.

Modi said, India’s economy is expected to grow fivefold by 2040. He urged global hydrocarbon companies to come and Make in India. Modi said, while global economy goes through uncertainty, India has shown tremendous resilience and Foreign Direct Investment (FDI) is at the highest level.

Petroleum and Natural Gas Minister Dharmendra Pradhan said, the PETROTECH Conference will provide a platform for national and international experts from oil and gas industry to exchange views and share knowledge, expertise and experience.

The International Oil and Gas conference and exhibition will culminate on December 7.

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Prime Minister Narendra Modi on Monday inaugurates the 12th International Oil and Gas Conference, PETROTECH-2016, in New Delhi. Addressing the occasion, Modi said India needs to increase its domestic oil and gas production and reduce import. The Prime Minister said, energy is the key driver of the country's economic growth....

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