Dharmendra Pradhan Confident On Reducing Oil Import Dependency


Dharmendra Pradhan Confident On Reducing Oil Import Dependency

In an exclusive interview to TIMES NOW, Union Oil and Gas Minister Dharmendra Pradhan said the government is trying its best to reduce dependency on oil imports. Saying that everyone wants to join India’s growth story, Pradhan hinted that India is on the verge of striking deal with several oil-rich countries, which would help the country deal with increasing demand for oil, especially petrol and diesel. Explaining that the International Energy Forum 16 (IEF), hosted by India this year, was really fruitful, Pradhan said that the word is recognising the “revolution of a New India”. He said, “The world energy committee, all the major energy producers of the world and all the major energy consumers of the world and all the experts of the energy vertical – they all came together at the IEF16 in New Delhi.”

“This is a big recognition for India’s emerging capacity. If we go by any world expert’s view, for the next 25 years…India’s per year growth in terms of energy would by 4.2%. If I compare with another big consumer of the world i.e. China, for the next 25 years, its per year growth would be 1.5%,” he added. Read More