{"id":10373,"date":"2024-02-06T07:47:53","date_gmt":"2024-02-06T07:47:53","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=10373"},"modified":"2024-02-06T07:47:53","modified_gmt":"2024-02-06T07:47:53","slug":"india-to-see-investment-of-usd-67-billion-in-next-5-6-years-in-energy-sector-pm","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/india-to-see-investment-of-usd-67-billion-in-next-5-6-years-in-energy-sector-pm\/","title":{"rendered":"India To See Investment Of USD 67 Billion In Next 5-6 Years In Energy Sector: PM"},"content":{"rendered":"

Goa, Feb 6: Inviting\u00a0<\/span><\/span>international\u00a0<\/span>investors\u00a0<\/span><\/span>to\u00a0<\/span>share\u00a0<\/span><\/span>in\u00a0<\/span><\/span>India’s\u00a0<\/span>success\u00a0<\/span><\/span>story,\u00a0<\/span><\/span>Prime\u00a0<\/span>Minister\u00a0<\/span>Narendra\u00a0<\/span>Modi\u00a0<\/span><\/span><\/a>stated\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Tuesday\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>country\u00a0<\/span><\/span>will\u00a0<\/span>witness\u00a0<\/span><\/span>investments\u00a0<\/span><\/span>totaling\u00a0<\/span><\/span>USD\u00a0<\/span><\/span>67\u00a0<\/span><\/span>billion\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>energy\u00a0<\/span><\/span>industry\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span>five\u00a0<\/span>to\u00a0<\/span>six\u00a0<\/span>years.<\/span><\/span><\/span> <\/span><\/span><\/span>Here,\u00a0<\/span><\/span>Modi\u00a0<\/span><\/span>opened\u00a0<\/span><\/span>the\u00a0<\/span>second\u00a0<\/span>edition\u00a0<\/span><\/span>of\u00a0<\/span>India\u00a0<\/span><\/span>Energy\u00a0<\/span><\/span>Week,\u00a0<\/span><\/span>stating\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span>economy\u00a0<\/span><\/span>is\u00a0<\/span>expanding\u00a0<\/span><\/span>at\u00a0<\/span><\/span>a\u00a0<\/span>rate\u00a0<\/span><\/span>of\u00a0<\/span><\/span>more\u00a0<\/span>than\u00a0<\/span>7.5%\u00a0<\/span><\/span>and\u00a0<\/span><\/span>will\u00a0<\/span>soon\u00a0<\/span>overtake\u00a0<\/span><\/span>the\u00a0<\/span>United\u00a0<\/span>States\u00a0<\/span><\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>third\u00a0<\/span>largest\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>world.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>said\u00a0<\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>country\u00a0<\/span><\/span>is\u00a0<\/span>anticipated\u00a0<\/span>to\u00a0<\/span>raise\u00a0<\/span><\/span>its\u00a0<\/span><\/span>refining\u00a0<\/span>capacity\u00a0<\/span><\/span>from\u00a0<\/span><\/span>254\u00a0<\/span><\/span>MMTPA\u00a0<\/span><\/span>(million\u00a0<\/span><\/span>metric\u00a0<\/span>tonne\u00a0<\/span><\/span>per\u00a0<\/span><\/span>annum)\u00a0<\/span><\/span>to\u00a0<\/span><\/span>450\u00a0<\/span><\/span>MMTPA\u00a0<\/span><\/span>by\u00a0<\/span><\/span>2030,\u00a0<\/span><\/span>inviting\u00a0<\/span><\/span>international\u00a0<\/span>firms\u00a0<\/span><\/span>to\u00a0<\/span>join\u00a0<\/span><\/span>in\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>energy\u00a0<\/span>sector\u00a0<\/span><\/span>expansion.<\/span><\/span><\/span> <\/span><\/span><\/span>“The\u00a0<\/span><\/span>energy\u00a0<\/span>sector\u00a0<\/span><\/span>in\u00a0<\/span>India\u00a0<\/span><\/span>will\u00a0<\/span>receive\u00a0<\/span><\/span>an\u00a0<\/span>investment\u00a0<\/span><\/span>of\u00a0<\/span><\/span>USD\u00a0<\/span><\/span>67\u00a0<\/span><\/span>billion\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>next\u00a0<\/span><\/span>five\u00a0<\/span>to\u00a0<\/span>six\u00a0<\/span><\/span>years,”\u00a0<\/span><\/span>he\u00a0<\/span><\/span>declared.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>prime\u00a0<\/span>minister\u00a0<\/span><\/span>went\u00a0<\/span><\/span>on\u00a0<\/span><\/span>to\u00a0<\/span>say\u00a0<\/span><\/span>that\u00a0<\/span>India\u00a0<\/span><\/span>is\u00a0<\/span>making\u00a0<\/span><\/span>previously\u00a0<\/span>unheard-of\u00a0<\/span><\/span>financial\u00a0<\/span>investments\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>energy\u00a0<\/span><\/span>sector.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>added\u00a0<\/span><\/span>that\u00a0<\/span>by\u00a0<\/span><\/span>2045,\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>primary\u00a0<\/span><\/span>energy\u00a0<\/span>consumption\u00a0<\/span><\/span>would\u00a0<\/span>have\u00a0<\/span><\/span>doubled.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>Modi,\u00a0<\/span><\/span>India\u00a0<\/span><\/span>is\u00a0<\/span>the\u00a0<\/span><\/span>fourth-biggest\u00a0<\/span><\/span>importer\u00a0<\/span><\/span>of\u00a0<\/span><\/span>LNG\u00a0<\/span><\/span>and\u00a0<\/span><\/span>the\u00a0<\/span>third-largest\u00a0<\/span><\/span>user\u00a0<\/span><\/span>of\u00a0<\/span><\/span>LPG<\/a>\u00a0<\/span><\/span>and\u00a0<\/span><\/span>crude\u00a0<\/span>oil.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>prime\u00a0<\/span>minister,\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>energy\u00a0<\/span>management\u00a0<\/span><\/span>plan\u00a0<\/span><\/span>has\u00a0<\/span>resulted\u00a0<\/span><\/span>in\u00a0<\/span><\/span>lower\u00a0<\/span>costs\u00a0<\/span><\/span>for\u00a0<\/span><\/span>petrol\u00a0<\/span>and\u00a0<\/span>diesel\u00a0<\/span><\/span>over\u00a0<\/span><\/span>the\u00a0<\/span>past\u00a0<\/span><\/span>two\u00a0<\/span>years,\u00a0<\/span><\/span>despite\u00a0<\/span><\/span>global\u00a0<\/span>challenges.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>every\u00a0<\/span>analyst\u00a0<\/span><\/span>believes\u00a0<\/span><\/span>that\u00a0<\/span>India\u00a0<\/span><\/span>is\u00a0<\/span>the\u00a0<\/span><\/span>biggest\u00a0<\/span><\/span>economy\u00a0<\/span><\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>highest\u00a0<\/span>rate\u00a0<\/span><\/span>of\u00a0<\/span>growth\u00a0<\/span><\/span>and\u00a0<\/span><\/span>will\u00a0<\/span>soon\u00a0<\/span>overtake\u00a0<\/span><\/span>the\u00a0<\/span>United\u00a0<\/span>States\u00a0<\/span><\/span>as\u00a0<\/span><\/span>the\u00a0<\/span>third\u00a0<\/span>largest\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>world.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>GDP\u00a0<\/span><\/a>growth\u00a0<\/span><\/span>is\u00a0<\/span>currently\u00a0<\/span><\/span>more\u00a0<\/span>than\u00a0<\/span><\/span>7.5%,\u00a0<\/span><\/span>which\u00a0<\/span>is\u00a0<\/span><\/span>higher\u00a0<\/span>than\u00a0<\/span><\/span>what\u00a0<\/span><\/span>international\u00a0<\/span>organisations\u00a0<\/span><\/span>had\u00a0<\/span>predicted.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>him,\u00a0<\/span><\/span>government\u00a0<\/span>reforms\u00a0<\/span><\/span>are\u00a0<\/span><\/span>contributing\u00a0<\/span>to\u00a0<\/span><\/span>an\u00a0<\/span>increase\u00a0<\/span><\/span>in\u00a0<\/span><\/span>domestic\u00a0<\/span><\/span>natural\u00a0<\/span>gas\u00a0<\/span><\/span>output,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>India\u00a0<\/span><\/span>aims\u00a0<\/span><\/span>to\u00a0<\/span>increase\u00a0<\/span>the\u00a0<\/span><\/span>proportion\u00a0<\/span>of\u00a0<\/span><\/span>gas\u00a0<\/span><\/span>in\u00a0<\/span><\/span>its\u00a0<\/span>energy\u00a0<\/span><\/span>mix\u00a0<\/span>to\u00a0<\/span><\/span>15%\u00a0<\/span><\/span>by\u00a0<\/span><\/span>2030.<\/span><\/span><\/span> <\/span><\/span><\/span>He\u00a0<\/span><\/span>mentioned\u00a0<\/span><\/span>that\u00a0<\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>last\u00a0<\/span><\/span>ten\u00a0<\/span>years,\u00a0<\/span><\/span>the\u00a0<\/span>percentage\u00a0<\/span><\/span>of\u00a0<\/span><\/span>ethanol\u00a0<\/span><\/span>blended\u00a0<\/span><\/span>into\u00a0<\/span><\/span>fuel\u00a0<\/span><\/span>has\u00a0<\/span>risen\u00a0<\/span><\/span>from\u00a0<\/span><\/span>1.5\u00a0<\/span><\/span>to\u00a0<\/span><\/span>12\u00a0<\/span>percent.<\/span><\/span><\/span> <\/span><\/span><\/span>By\u00a0<\/span><\/span>2025,\u00a0<\/span><\/span>he\u00a0<\/span><\/span>said,\u00a0<\/span><\/span>petrol\u00a0<\/span><\/span>will\u00a0<\/span>have\u00a0<\/span><\/span>20\u00a0<\/span>percent\u00a0<\/span><\/span>ethanol\u00a0<\/span><\/span>blended\u00a0<\/span><\/span>in.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>prime\u00a0<\/span><\/a>minister<\/a>\u00a0<\/span><\/span>stated\u00a0<\/span>that\u00a0<\/span><\/span>although\u00a0<\/span><\/span>India\u00a0<\/span><\/span>only\u00a0<\/span>contributes\u00a0<\/span><\/span>4%\u00a0<\/span><\/span>of\u00a0<\/span>world\u00a0<\/span><\/span>emissions,\u00a0<\/span><\/span>the\u00a0<\/span>country\u00a0<\/span><\/span>aims\u00a0<\/span><\/span>to\u00a0<\/span>achieve\u00a0<\/span><\/span>net\u00a0<\/span>zero\u00a0<\/span>emissions\u00a0<\/span><\/span>by\u00a0<\/span><\/span>2070.\u00a0<\/span><\/span>Additionally,\u00a0<\/span><\/span>excess\u00a0<\/span>electricity\u00a0<\/span><\/span>produced\u00a0<\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>recently\u00a0<\/span><\/span>announced\u00a0<\/span><\/span>programme\u00a0<\/span><\/span>to\u00a0<\/span>install\u00a0<\/span><\/span>solar\u00a0<\/span><\/span>rooftops\u00a0<\/span><\/span>on\u00a0<\/span><\/span>one\u00a0<\/span>crore\u00a0<\/span><\/span>homes\u00a0<\/span><\/span>will\u00a0<\/span>be\u00a0<\/span><\/span>connected\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>grid.<\/span><\/span><\/span> <\/span><\/span><\/span><\/p>\n

\"India
India To See Investment Of USD 67 Billion In Next 5-6 Years In Energy Sector: PM<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Goa, Feb 6: Inviting\u00a0international\u00a0investors\u00a0to\u00a0share\u00a0in\u00a0India’s\u00a0success\u00a0story,\u00a0Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0stated\u00a0on\u00a0Tuesday\u00a0that\u00a0the\u00a0country\u00a0will\u00a0witness\u00a0investments\u00a0totaling\u00a0USD\u00a067\u00a0billion\u00a0in\u00a0the\u00a0energy\u00a0industry\u00a0during\u00a0the\u00a0next\u00a0five\u00a0to\u00a0six\u00a0years. Here,\u00a0Modi\u00a0opened\u00a0the\u00a0second\u00a0edition\u00a0of\u00a0India\u00a0Energy\u00a0Week,\u00a0stating\u00a0that\u00a0the\u00a0nation’s\u00a0economy\u00a0is\u00a0expanding\u00a0at\u00a0a\u00a0rate\u00a0of\u00a0more\u00a0than\u00a07.5%\u00a0and\u00a0will\u00a0soon\u00a0overtake\u00a0the\u00a0United\u00a0States\u00a0as\u00a0the\u00a0third\u00a0largest\u00a0in\u00a0the\u00a0world. He\u00a0said\u00a0that\u00a0the\u00a0country\u00a0is\u00a0anticipated\u00a0to\u00a0raise\u00a0its\u00a0refining\u00a0capacity\u00a0from\u00a0254\u00a0MMTPA\u00a0(million\u00a0metric\u00a0tonne\u00a0per\u00a0annum)\u00a0to\u00a0450\u00a0MMTPA\u00a0by\u00a02030,\u00a0inviting\u00a0international\u00a0firms\u00a0to\u00a0join\u00a0in\u00a0India’s\u00a0energy\u00a0sector\u00a0expansion. “The\u00a0energy\u00a0sector\u00a0in\u00a0India\u00a0will\u00a0receive\u00a0an\u00a0investment\u00a0of\u00a0USD\u00a067\u00a0billion\u00a0over\u00a0the\u00a0next\u00a0five\u00a0to\u00a0six\u00a0years,”\u00a0he\u00a0declared. The\u00a0prime\u00a0minister\u00a0went\u00a0on\u00a0to\u00a0say\u00a0that\u00a0India\u00a0is\u00a0making\u00a0previously\u00a0unheard-of\u00a0financial\u00a0investments\u00a0in\u00a0the\u00a0energy\u00a0sector. He\u00a0added\u00a0that\u00a0by\u00a02045,\u00a0the\u00a0nation’s\u00a0primary\u00a0energy\u00a0consumption\u00a0would\u00a0have\u00a0doubled. According\u00a0to\u00a0Modi,\u00a0India\u00a0is\u00a0the\u00a0fourth-biggest\u00a0importer\u00a0of\u00a0LNG\u00a0and\u00a0the\u00a0third-largest\u00a0user\u00a0of\u00a0LPG\u00a0and\u00a0crude\u00a0oil. According\u00a0to\u00a0the\u00a0prime\u00a0minister,\u00a0India’s\u00a0energy\u00a0management\u00a0plan\u00a0has\u00a0resulted\u00a0in\u00a0lower\u00a0costs\u00a0for\u00a0petrol\u00a0and\u00a0diesel\u00a0over\u00a0the\u00a0past\u00a0two\u00a0years,\u00a0despite\u00a0global\u00a0challenges. He\u00a0stated\u00a0that\u00a0every\u00a0analyst\u00a0believes\u00a0that\u00a0India\u00a0is\u00a0the\u00a0biggest\u00a0economy\u00a0with\u00a0the\u00a0highest\u00a0rate\u00a0of\u00a0growth\u00a0and\u00a0will\u00a0soon\u00a0overtake\u00a0the\u00a0United\u00a0States\u00a0as\u00a0the\u00a0third\u00a0largest\u00a0in\u00a0the\u00a0world. He\u00a0stated\u00a0that\u00a0India’s\u00a0GDP\u00a0growth\u00a0is\u00a0currently\u00a0more\u00a0than\u00a07.5%,\u00a0which\u00a0is\u00a0higher\u00a0than\u00a0what\u00a0international\u00a0organisations\u00a0had\u00a0predicted. According\u00a0to\u00a0him,\u00a0government\u00a0reforms\u00a0are\u00a0contributing\u00a0to\u00a0an\u00a0increase\u00a0in\u00a0domestic\u00a0natural\u00a0gas\u00a0output,\u00a0and\u00a0India\u00a0aims\u00a0to\u00a0increase\u00a0the\u00a0proportion\u00a0of\u00a0gas\u00a0in\u00a0its\u00a0energy\u00a0mix\u00a0to\u00a015%\u00a0by\u00a02030. He\u00a0mentioned\u00a0that\u00a0in\u00a0the\u00a0last\u00a0ten\u00a0years,\u00a0the\u00a0percentage\u00a0of\u00a0ethanol\u00a0blended\u00a0into\u00a0fuel\u00a0has\u00a0risen\u00a0from\u00a01.5\u00a0to\u00a012\u00a0percent. By\u00a02025,\u00a0he\u00a0said,\u00a0petrol\u00a0will\u00a0have\u00a020\u00a0percent\u00a0ethanol\u00a0blended\u00a0in. The\u00a0prime\u00a0minister\u00a0stated\u00a0that\u00a0although\u00a0India\u00a0only\u00a0contributes\u00a04%\u00a0of\u00a0world\u00a0emissions,\u00a0the\u00a0country\u00a0aims\u00a0to\u00a0achieve\u00a0net\u00a0zero\u00a0emissions\u00a0by\u00a02070.\u00a0Additionally,\u00a0excess\u00a0electricity\u00a0produced\u00a0by\u00a0the\u00a0recently\u00a0announced\u00a0programme\u00a0to\u00a0install\u00a0solar\u00a0rooftops\u00a0on\u00a0one\u00a0crore\u00a0homes\u00a0will\u00a0be\u00a0connected\u00a0to\u00a0the\u00a0grid.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[67,89,54],"tags":[],"class_list":["post-10373","post","type-post","status-publish","format-standard","hentry","category-header","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nIndia To See Invt Of USD 67Bn In Nxt 5-6 yrs In EnergySector: PM<\/title>\n<meta name=\"description\" content=\"Inviting\u00a0international\u00a0investors\u00a0to\u00a0share\u00a0in\u00a0India's\u00a0success\u00a0story,\u00a0Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0stated\u00a0on\u00a0Tuesday\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jammubulletin.com\/site\/india-to-see-investment-of-usd-67-billion-in-next-5-6-years-in-energy-sector-pm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India To See Invt Of USD 67Bn In Nxt 5-6 yrs In EnergySector: PM\" \/>\n<meta property=\"og:description\" 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