Govt sees scope for reforming highly uneven energy sector
Stating that the status of the energy sector in India was “highly uneven”, Prime Minister Narendra Modi on Monday hinted at further reforms in many areas in the sector.
What is scope of reform in energy sector?
India offers around $300 billion investment opportunity in the next 10 years in the oil and gas sector.
According to the Department of Industrial Policy and Promotion (DIPP), FDI inflows into India’s petroleum and natural gas sector between April 2000 and June 2017 has been just $6.86 billion, 2 per cent of the total inflow during the period.
The global oil giants evinced interest to invest a whopping $1 trillion in the country over the next five years. While Saudi Aramco, which opened an office in India on Sunday, alone intends to invest $300 billion over the next three to four years, Rosneft — which had invested $13 billion for acquiring Essar Oil
Energy sector in India
Energy in India describes energy and electricity production, consumption and import in India.
Energy policy of India describes the policies and strategies of India for achieving sustainable energy security to its people.
Electricity sector in India is the main article of electricity in India. The Ministry of New and Renewable Energy provides data regarding progress in the non-conventional energy sector.