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

Speed Post News Network

New Delhi : Petroleum and Natural Gas Minister Dharmendra Pradhan participated in the 2nd Annual India Leadership Summit of the US-India Strategic Partnership Forum here on October 31, 2019.

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 PM Narendra Modi have further simplified doing business in India. I invite all energy players to bring their technology & investment here and become a part of India’s growth story.”

Pradhan 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, he added, according to a PIB release.

Speaking about India’s efforts towards decarbonisation, Pradhan said, “Under the leadership of PM Narendra Modi, India is expanding its footprints in carbon-free energy including renewables and bio-energy. Technology and innovation can become game changers for India’s quest for decarbonising and developing into a gas-based economy for a cleaner and 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.

On the issue of India’s role in global energy landscape, Pradhan said, “Growth in global energy consumption will be driven by India. India’s vibrant market presents immense opportunity. World is moving towards a new energy model. We are committed to implement PM Modi’s vision which will ensure that India leads the global energy transition.”