Dr. Syama Prasad Mookerjee Research Foundation

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