Oil Minister Pradhan invites US businesses to participate in India’s bio-fuel revolution

NEW DELHI: Minister of Petroleum and Natural Gas Dharmendra Pradhan participated in the 2nd Annual India Leadership Summit of the USIndia Strategic Partnership Forum here Monday. While sharing his views on “India's Role in Geo-politics of Energy”, in a conversation with Tim Roemer, Former Ambassador of US to India, Pradhan said “Today, India is the hotspot in energy investment destination in the world. Policy reforms introduced by the Government under leadership of Prime Minister Narendra Modi have further simplified doing business in India. I invite all energy players to bring their technology & investment here & become a part of India's growth story.”

He said that the Country has moved to open, transparent, process-driven policy atmosphere, and all are welcome to invest. The investing Companies must bring technology, capital and good business models to India.

Speaking about India's efforts towards decarbonisation, he said, “Under the leadership of Prime Minister Narendra Modi, India is expanding its footprints in carbon-free energy, including renewables and bioenergy. Technology and innovation can become game changers for India's quest for decarbonising and developing into a gasbased economy for a cleaner & sustainable energy future.”

He said that India had set an ambitious target of producing 175 GW energy through renewable energy sources which has been further enhanced to 450 GW.