Role of energy & petroleum sectors vital in making India 5 trillion dollar economy : Shah

Speed Post News Network

New Delhi : Union Home Minister Amit Shah graced the 7^th Convocation of Pandit Deendayal Petroleum University (PDPU) at Gandhinagar as Chief Guest on August 29, 2019. He told the students that life is full of possibilities and only those with courage could make most of those opportunities. He urged the graduating students to never aim for less and always be ambitious in their goals and do the best they could in the new chapter of their lives.

He described PDPU as the then Gujarat Chief Minister Narendra Modi’s dream project and said that through sheer hard work and will, within 12 years the institute has established its name as one of the best higher education institutes of the country. He said that it was Narendra Modi’s dream to see Gujarat as the nation’s petrol capital.

Shah explained the concept of integral humanism and said that Pandit Deendayal Upadhyay was a great thinker who saw the problems of today’s world more than six decades ago and found solutions for the same. He said that the coming age was that of global warming and climate change, and those issues would become increasingly important. He noted that PM Narendra Modi had provided leadership at global level to tackle the issue of climate change.

Shah urged PDPU to undertake research and development in recycling of single use plastic and asked the institute to innovate in the field of eco-friendly plastic. He remarked that more than 5,000 graduates passed out of the institute in the last twelve years were a great asset to the nation.

Shah said that in 2014 the people put their faith in the leadership of Narendra Modi and brought a decisive government with full majority in power. The result of this faith has been seen in the last five years as the nation has been transformed in many ways. Today India has strong macroeconomic fundamentals, is the fastest growing economy and has reduced fiscal deficit from 5% of GDP to 3.3% of GDP.

He said that from 142 in 2014, India had achieved a World Bank Ease of Doing Business Rank of 77 in 2019. He spoke of India’s improved World Economic Forum Global Competitiveness Index of 71 to 58. He noted that while there were only 3000 startups from independence to 2014, today there are more than 20,000 startups providing our youth opportunities to be globally competitive.

He spoke of the surgical strikes and the Balakot airstrikes and said that the strong, bold leadership of PM Narendra Modi has ensured that no adversary would think of harming India. He said the challenges of Articles 370 and 35A were solved by the iron will and resolute leadership of PM Modi. Shah expressed confidence that under the leadership of PM Narendra Modi, Kashmir and Kashmiris would prosper and be able to avail hitherto inaccessible opportunities, according to a PIB release.

Calling for the development of oil and gas and energy sectors, Shah said that the government had taken several initiatives to develop the sectorsn such as the new Hydrocarbon Exploration and Licensing Policy (HELP), but still more needs to be done. He remarked that while India comprises 18% of the world’s population, its energy consumption is only 5.4% of the global energy consumption, which proved that the per capita energy consumption in India is quite low. He said that petroleum and energy sectors would play a vital role in making India a 5 trillion dollar economy.