Reflections

The way Sh Yogi Adityanath Ji was working, I have no doubt that Uttar Pradesh is fast becoming a growth engine of the Indian economy. The world will soon see the revolutionary impact of the Global Investors Summit.

India Energy Week is the new forum initiated by MOPNG in the year of India's G20 Presidency, inviting business leaders and innovators from across India to share insights into its pioneering approach.

India Energy Week is the new forum initiated by MoPNG in the year of India's G20 Presidency, inviting business leaders and innovators from across India to share insights into its pioneering approach.

We remain focused on energy efficiencies, laying impetus on fuels of the future including biofuels and hydrogen and increasing the use of renewable energies etc. At the same time, we are taking transformative steps to increase domestic exploration on production of traditional hydrocarbon.

In line with the clarion call given by Hon'ble PM, to phase out single use plastic items, we are launching largest initiative in world to reuse and recycle 100 million PET bottles per year.

The Union Budget 2023 has reflected "Green Growth" as one of the highlights with allocation of Rs. 35,000 crore for priority capital investments towards energy transition & net zero objectives, and energy security, and made significant policy changes for accelerating outcomes.

IEW 2023 comes at a watershed in the global energy landscape and it will devise solutions to solve the global energy quadrilemma of energy access, affordability, & availability with security at its pivot & devise solutions for the future global energy transition.

India has already pledged to become net-zero in emissions by 2070 and cut down the emission by 1 billion tons by the end of 2030. These commitments come despite India's historical contribution to global emissions (since 1890) is about 4%, despite being the 5th largest economy and home to 17% of the world's population and despite India's per capita emissions ranking lowest amongst the G20 countries and about half of the global average.

India has carved out an energy agenda which is inclusive, market-based, and climate - sensitive. We continue to underscore the importance of oil and gas yet our commitment to climate change mitigation goals remains unabated. We remain focused on energy efficiencies, laying impetus on fuels of the future including biofuels and hydrogen and increasing the use of renewable energies etc. At the same time, we are taking transformative steps to increase domestic exploration and production of traditional hydrocarb

Budget 2023 is a development & growth-oriented budget. All sections of the society will benefit, but not through a reckless, freebie route.

The Sagar Samrat rig has been a valuable asset in India's hydrocarbon production and security for many years. Built in 1973, Sagar Samrat Rig was instrumental in 14 key offshore oil and gas discoveries and drilled around 125 wells. I am sure in its new Avtar as Mobile Offshore Production Unit, Sagar Samrat will continue to contribute to India's hydrocarbon security for many more years to come.

As our defence forces guard our borders, citizens of India can go to sleep safely. Similarly, ONGC officers work as energy soldiers relentlessly to produce oil & gas, so that the nation can move smoothly.