Home » Salient Points of PM Narendra Modi’s address at the inaugural session of PETROTECH – 2016 exhibition on 5 Dec, 2016
- While global economy goes through uncertainty, India has shown tremendous resilience. FDI is at the highest level
- India’s economy is expected to grow fivefold by 2040
- We expect growth in manufacturing, transport, civil aviation among other sectors
- Hydrocarbons will continue to play an important part in India’s growth
- Energy in general and hydrocarbons in particular are an important part of my vision for India’s future
- India needs energy which is accessible to the poor. It needs efficiency in energy use
- Energy sustainability, for me, is a sacred duty. It is something India does out of commitment, not out of compulsion
- We need to increase our domestic oil and gas production and reduce import dependence
- My message to global hydrocarbon companies is: we invite you to come and Make in India
- Our commitment is strong and our motto is to replace Red Tape with Red Carpet
- To meet the increasing demand, we need affordable and reliable sources of energy
- We must also be sensitive towards the environment
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