Petrol At Rs.100: Modi Pushes For Green Energy

Brut India

As petrol prices hit the Rs 100 mark in some Indian states, PM Modi said that earlier governments should have focussed on cutting India's import dependence.

Transcript

00:00Our government is sensitive to the concerns of the middle class.

00:09I do not want to criticize anyone, but I want to say,

00:18had we focused on these subjects much earlier,

00:23our middle class would not be burdened.

00:30I do not want to criticize anyone, but I want to say,

00:37had we focused on these subjects much earlier,

00:42our middle class would not be burdened.

01:00In 2019-2020, India imported over 85% of oil and 53% of gas to meet the domestic demand.

01:26I do not want to criticize anyone, but I want to say,

01:35had we focused on these subjects much earlier,

01:41our middle class would not be burdened.

01:45Now, it is our collective duty to work towards a clean and green source of energy,

01:57reduce energy dependence.

02:02Our government is sensitive to the concerns of the middle class.

02:10That is why India is now increasing the focus on ethanol to help farmers and consumers,

02:25furthering urges of solar power to become a leader in the sector,

02:34encouraging public transport to make people's lives productive and easy,

02:41embracing alternative sources like LED bulbs to enable huge savings for middle class households.

02:55India has now come out with scrappage policy to help lakhs of people.

03:03More Indian cities have metro coverage than never before.

03:11Solar pumps are getting more popular.

03:16They are helping farmers greatly.

03:21This would not be possible without the support of the people.

03:27India is working to meet the growing energy demand.

03:33India is also reducing our energy import dependence.

03:40At the same time, we are also diversifying our import sources.

03:47Friends, how are we doing this?

03:52Through capacity building.

03:54In 2019-2020, we were fourth in the world in refining capacity.

04:03About 65.2 million tons of petroleum products have been exported.

04:13This number is expected to rise even further.

04:18Our companies have ventured overseas in acquisition of quality oil and gas assets.

04:29Today, Indian oil and gas companies are present in 27 countries with investment worth about Rs. 2,70,000 crore.

04:45Friends, we are developing a gas pipeline network to achieve one nation, one grid.

04:58We have planned to spend 7.5 lakh crores in creating oil and gas infrastructure over 5 years.

05:11Friends, today, India is increasing the share of energy from renewable sources.

05:20By 2030, 40% of all energy will be generated from green energy sources.

05:29Friends, since 2014, we have brought in various reforms across the oil and gas sector,

05:39covering exploration and production, natural gas marketing and distribution.

05:46We are working on attracting domestic and international investment through investor-friendly measures.

05:56We are trying to eliminate the cascading effect of different taxes on natural gas across different states.

06:08Unfortunately, uptakes will lead to reduction of cost of natural gas and increase in its usage across industries.

06:19We are committed to bringing natural gas under the GST regime.

06:26I want to tell the world, come, invest in India's energy.

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