Status of energy sector in India highly uneven: PM Modi

09 October,New Delhi

 

Prime Minister Narendra Modi has said that the status of the energy sector in India is highly uneven and stressed on the need to develop energy infrastructure and access to energy in Eastern India.

Interacting with CEOs and experts of oil and gas from across the world in New Delhi today, Mr Modi flagged the potential of biomass energy and also invited participation and joint ventures in coal gasification.

He welcomed all possibilities for innovation and research in the oil and gas sector. He also welcomed the suggestion made for a comprehensive energy policy.

Prime Minister Modi indicated that as India moves towards a cleaner and more fuel-efficient economy, its benefits should expand horizontally to all sections of the society and in particular to the poorest.

Later briefing media, NITI Aayog CEO Amitabh Kant said many participants recommended the inclusion of oil and gas in the GST framework.

He quoted the Prime Minister as saying that there is a need to talk to states over the issue. Mr. Kant said, the Prime Minister also focused on the use of bio-gas and underlined the importance of development in eastern India.

He said, according to the experts, India can decrease the import of gas and oil by 10 percent by 2022 and can emerge as a strong oil and gas based economy.

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