Why can't India produce more of its own oil and gas? Anil Agarwal flags policy hurdles

21 hours ago

Speaking at the India Today Conclave 2026 in New Delhi, Agarwal said the country has the resources and talent to produce more energy at home.

Transcript

00:00The subject of West Asia, the Gulf crisis, the energy crisis, I heard both Mr. Shekhar Gupta and Mr. T.

00:09Nainan speak about it.

00:10And the man here with me, Anil Agarwal, someone who started his business life at the age of 19.

00:31That is what Anil Agarwal and the Vedanta group have done all their life.

00:36And Anil ji, as I must tell this audience here that you have flown all the way from London only

00:41for this event.

00:42So, you have given a lot of gratitude, you have given a lot of time, you have given a lot

00:46of time.

00:46And the reason we are having this session, in fact, I am very happy to tell you that U.S.

00:55Ambassador to India, Sergio Gaur,

00:56who kicked off our first day deliberations, made several announcements from the stage,

01:02including the fact that India and the United States will very soon sign a critical minerals agreement.

01:09They also had a swagat in Pax Silica.

01:10They also had a lot of time, and they had a lot of time in Pax Silica.

01:14They had a lot of time in Pax Silica.

01:26They had a lot of time in Pax Silica.

01:42I request the entire hall to take a look at this.

01:45This is a poster that Mr. Agarwal has put on LinkedIn just 24 hours ago.

01:50Take a look at this.

01:54And if you have seen a lot of time in Pax Silica, you will see a lot of time in

02:05Pax Silica.

02:37Thank you, India today, to give me a chance to be here, to come here.

03:13Thank you, Mr. Agarwal.

03:20Thank you, Mr. Agarwal.

03:44which has been in the industry, which has been in the nuclear corporation, or the BHEL, or the NTPC,

03:55such as oil, or gas, or gold, or copper, or any other thing,

04:05I can say that these companies can be a developed country.

04:11They can be a developed country, such as the government of India,

04:17and the US government of India, which has been a part of its own,

04:21the government of India, India, and the NGOs,

04:33the government of India, and the government of India,

04:36the government of India, the government of India,

04:41do not do it by the mind. We don't have so many, it's not even 5% of the share.

04:49The share is not made today. The privateization is not made today.

04:53We don't have to sit down without the privateization.

04:56The government is like share. The rules are made today.

05:02So, today, the state of Hinduism, which is our own, is the fundamental of the world that has been on

05:11the ground, and the ground is on the ground, and the ground is on the ground, and the ground is

05:23on the ground.

05:29is still high-nots便. This is not a world of foreign countries.

05:38The southern countries cannot begin the country.

05:43This is not a world of western countries.

05:45The global economy is including business.

05:50We are talking about the fact that this is the only thing we can do with.

05:53Now, there are numbers that have been linked to the rules

05:5930-30-40 years ago, the environment effect is less than mining, so you need to do anything

06:11that is energy.

06:13Anil Ji, when you are saying this, which is what you are saying?

06:16You have said a very important thing, that when a private sector company, when you acquired

06:23to disinvestment, government companies, you have turned them around, you have increased

06:28their production five times, ten times, all of them are very profitable companies, they

06:33have given dividends to shareholders.

06:35What is the difference?

06:36Was it the government way of working?

06:39How could you turn around a sarkari company and the sarkari company is not able to explore

06:45and get us mines and minerals?

06:47I think it is very small, but it is good in the top of the government, it is good in

06:56the system.

06:58You have to change the system, you have to change this country, you have to see this country,

07:06you have to see the economic conditions.

07:08We are also living in the country, because of the economic conditions.

07:11We are living in India, the people of India who are living in the country are all

07:19abroad, all of them are in the country, what you will give acceptability, respect, and

07:27any kind of experience, that I live in England for 25 years, and I live in America, I have

07:34I have no notice, I am a first class taxpayer, I have no notice, I don't know what's happening,

07:42what's happening, respect, it's very good.

07:44The general understanding of each person has an interference, one person has an interference.

07:50Today AI is a disaster.

07:52If there is no notice, if there will be a problem, then the energy is bad.

08:05There is no confidence.

08:07What was it?

08:09We had 10-20 years before we saw that if it was 1,000,000,000,000,000,000,000

08:14,000,000,000,000,000,000.

08:20To Iabthey, I would just be writingめて it money, 15,50,50,000,000,000,000,000,000,000,000.

08:30It is nothing to do.

08:32Bad news from India ask,

08:37From India to India,

08:40Do you have a mindset,

08:41set of technology is a business ability business

08:48to increase the ability Indian people in the world

08:51you can increase the power of ignorance

08:55you can benefit of doubt business

09:01to give you self-certification

09:04we will have to do it today we will have to do it today we will have to do it

09:11today

09:11mine's a lot of money or auction's money will be open for five years

09:16I think that two-four months will be open for 2-4 months

09:19this is not that people are doing their job

09:23you have to see that you have to make a rule book

09:27and like this income tax

09:30sales sales sales sales sales sales sales sales sales sales sales sales sales sales

09:35certification which is the job of a job of a job of a job of a new one of a

09:40job

09:40of a job in Hindustan may start person to import for I would have been doing it

09:46I don't know about 800 billion dollar import for a total

10:03I am sure everybody in this hall knows about the KGD6 story

10:19Does India not have enough oil and gas or is not enough being done to explore it and extract it

10:58This is a very big issue

11:01The other thing, if you look at it, it feels like it feels like it feels like it feels like

11:07it feels like it feels like it

11:07I think it was a good idea that one of these things was a good idea.

11:15You can see that our DGTD was a good idea.

11:25Government has been a good idea.

11:30That is what we did.

11:30is working, now we have a supportive agency, not a regulator.

11:40Regulator is the most important part of our business, our imports, our employment,

11:52government and all of the manufacturing and mining will be there.

11:57The technology will be there.

12:01We will be there.

12:03We will be there.

12:04We will be self-certification.

12:09We will be able to follow the rules.

12:15After that, we will be able to do the assessment.

12:16We will be able to do the assessment.

12:17If you are a moment,

12:18you need to be able to do the comfort.

12:23Things that you will be able to do so much is here.

12:25You will be able to do the wrong reasons.

12:32There is a no other people.

12:37If not, you know, you will be able to do the work.

12:42do not do it. If you look at it, if you look at it, it's the most important thing.

12:48So, the time has come out that you have to think about it. You have to think about it.

12:53You have to think about it. You have to think about it.

12:56So, the government will not be able to do it.

12:59Because you have to do it.

13:02You have to think about it.

13:11You have to think about it.

13:13You have to think about it.

13:14You have to think about it.

13:17You have to think about it.

13:18You have to think about it.

13:19You have to think about it.

13:24You have to think about it.

13:27You have to think about it.

13:28You have to think about it.

13:30You have to think about it.

13:32You have to think about it.

13:33You have to think about it.

13:34You have to think about it.

13:35You have to think about it.

13:37You have to think about it.

13:39You have to think about it.

13:40You have to think about it.

13:41You have to think about it.

13:43We have a very big company in America that I was talking about, Eric has made 400 billion companies in

13:5612 years.

13:57He said that our most Indian children are the biggest. He said that all children are 22 to 24 years.

14:03I work with them. When we do such things, why not do such things?

14:07We are paterless.

14:10The system of self-certification, those jobs that work and workier live has no longer to speak.

14:21People have no善良gement unless they turn their traction so that you will get feedback.

14:23I will start working carefully and work.

14:26be done.

14:29We will have to get the time to come.

14:31We are having Autopilot.

14:34We will have to work in the whole government office.

14:39We will have to work in the whole world.

14:40We will have to work in the whole world.

14:42We will have to work out in our country.

14:45We will have to work out.

14:47have to go. You will see in the country there will be a lot of girls who are working in

14:52India. There is no answer to them. I can say in my company. Today I am

14:59in India. I am paying tax and 2,000,000 people. There are 35-35% of girls who are

15:07working

15:08and their productivity is better.

15:10Round of applause. Anilji, you said this is a very important thing and because you

15:14have bought Hindustan Zinc or Bharat Aluminium companies. I am sure people know this but

15:23this is perhaps the only private sector company that I know of who has a viable production just

15:28hundreds of kilometers from Delhi of oil and it is not an easy task to do. But I want

15:35to ask you this. If the government, along with the government, many people are asking

15:41how much we need to do. If the government or the oil sector or the oil sector or the company

15:48want to invest, then what will the Vedanta group be able to do?

15:52No, we are all in business. We are closed to the house. Our grandfather said that when the

15:58house is closed, when the house is closed, it is still two types. It is still hungry.

16:01Then you can go to order, where can you buy, where can you buy? Where can you buy?

16:07When the house is closed, you can open your house and sit and sit and find someone who

16:16is it time for the government to be able to do that?

16:18This is a good thing, but I will ask you this question from the other way.

16:23Is this time coming to the government to give the oil and gas sector more and more

16:31of the government to the oil and gas sector?

16:32And you have said that the government should be able to work with the government

16:39Is it time for the government of India because of the ongoing West Asia, Hormuz strait blockade

16:46to adopt a new policy towards oil and gas sector, sir?

17:06I am sure that our dream is that every entrepreneur can buy a deal with a government.

17:14The government has to go to the government and the government is to go to the government.

17:18The government is to go to the government and the government is to go to the government.

17:30transport आती है वो आके उनका तेल और गैस ले आती है इतना स्मूट चलता है इंडिया में ये potential

17:38है और ये होगा और इसके अलावा आपके पास कोई चारा नहीं है जैसे आप देख रहे हैं गरीबों के

17:44पास में उनके हाथ में पैसा पहुंच गया वो impossible था होना उनको medical की सुविधा ह

17:52गया पॉसिबल था पीच में आधा पैसा रह जाता था अब ये काम होना ही पड़ेगा कि इंट्रेप्रिनोरियल को आगे

18:01बढ़ाना है बड़े आप बड़े लोग जो हो बाहर के लोग हैं यहां के लोग हैं कोलाबरेशन करें बड़ी कंपनी

18:08लें बड़ी चीज को देखें

18:10किस बिस बिलियन डॉलर लगाएं आगे बढ़ें इंडिया के लावा और जगह कहा हैं पैसा लगाने की इतना पैसा बाहर

18:16में पढ़ा हुआ है लेकिन आप कमफर्ट कीजिए वो किसी भी हालत में डारेक्ट आके काम नहीं कर सकते हैं

18:24हमारे बिजनसमेन के साथ में उनको काम

18:39कीजिए और आप काम को कर से जाएए

18:41I hope this audience here is taking note of the fact that one of the biggest

18:47touchless in the world is repeatedly talking about opening up trusting business to do business

18:55and not over control when he speaks about self certification when he speaks about the potential

19:02of Indian entrepreneurs I think this is a story that will resonate with all in this room particularly

19:07the corporate executives many of whom that we see sir अब थोड़ा सा पक्ष क्योंकि

19:14बुद्दा ये बहुत गरम है बहुत ज्वलंत मुद्दा है बहुत बड़ा विशे है ये जिस प्रकार की

19:19जंग चल रही है किसी ने शायद ये एस्टिमेट भी नहीं किया था कि कभी होर्मूस

19:25इस ट्रेट को ब्लॉक किया जाएगा आप तेल के छेत्र को उसकी ट्रांस्पोटेशन को बहुत अच्छे से समझते हैं

19:33वार के समय पे हम अपनी एनर्जी सिक्योरिटी कैसे संरक्षित कर सकते हैं

19:47मैं इतना इस बात को इतना नहीं समझता हूं लेकिन यह मैं जानता हूं कि यह इस इस इस डिप्लोमेटी

19:55वी हैव टू वर्क विकोज हमारे पास के जी वसीन में जो भी हमारे एक्जिस्टिंग हैं हम भी हमने भी

20:05अपने लोगों को बोला है कि चिंता नहीं करो आप प्रोडुक्शन बढ़ाओ

20:08आपको कोई पर्मिशन लेनी है उसको एक बार आप ताक्पर रखो आगे बढ़के प्रोडुक्शन बढ़ाओ और प्रोडुक्शन बढ़ेगा के जी

20:16वसीन में जो जो जिनके पास जो लाइसेंस हैं वो फ्रीज हार हैंड दें वो शॉट टर्म में थोड़ा प्रोडुक्�

20:38he it will take only few years the moment government understand that how important is import and they understand how

20:51to execute they have they have a best of policy but they have to make it is called is not

20:59risk but they have to understand that the Indian entrepreneur Indian people Indian technology people Indian technologist people

21:07they can do it but they definitely don't want a respect no danger they want

21:15self certification rule to be drawn so they wholeheartedly take loan raise

21:22money and do it short term whatever I understand whatever I understand

21:28everybody is doing diplomatic way are the way our Prime Minister has done the

21:32diplomacy with America with Israel the way he has done it it is one of the best

21:39diplomacy has worked for India so I'm sure for the our resource sector for oil

21:45and gas energy we have to do something like this so do you think this is a

21:51short-term phenomenon or as some experts are saying this is going to be a long

21:57drawn process are we better off right now given the previous wars this is

22:02the first session in this session we have all the people who have kept on this

22:04topic and Shekhar Gupta also talked about this topic

22:07this is what is going to be a long way that it will fall

22:12We people by and large as food itself is sufficient

22:16we have more than the shortage of human resources

22:20is ki hai hai human resource ki koji koji kami nai hai.

22:24Ham loong ko, is chetra ko jitni jaldi se jaldi ho, kholna chahi

22:30kya nergis khali eak oil and gasi nai hai.

22:35Aap ke renewable hain, aap ke pats alternative baot sa kool hai.

22:39Kool ko, aap ko, puri tarah se hindustan mein jitna kool hai.

22:44Puri dunia mein kahi kool nai hai.

22:46But anil ji pollution bhi hota hai na.

22:48Yeh bhi toh eek chile dhe nai padegi.

22:49Yeh aap ke dhimag meh batha ke rukh diya hai.

22:53Isi, isi, joh, yeh baat joh rukh diya hai.

22:57Usse humare bache kharab ho rehen.

22:59Woh kool meh jana nai chate hai.

23:01Uske alawah kool meh koi pollution nai hai.

23:04Sari technology sari a gai hai.

23:06Aap bhuke mar jayenge.

23:08Aap bhuke mar jayenge, ghar meh chula nai jaleega.

23:12Kool is one of the best alternative.

23:14Usko aap self certification dheke,

23:16aap bhuke mar jayane kune technology seab khulle engue,

23:19100 per cent.

23:21It is,

23:21meto kud kud energi mai ho,

23:24ma akko bata sakta ho,

23:25ki koy yi apa ko eek paise ki risk nai ta at is up,

23:29joh am joh god meh hai aap nai,

23:31Usse tem kama chelận.

23:31our coal sector is full of coal. Today we have 20 billion of coal import.

23:40We have a job where we are going. We have a job where we are going. We have a job

23:46where we are going.

23:46We have transport here. We have a lot of coal.

23:50We have a lot of coal. We are going to put our coal.

23:56In the bank, we have a lot of coal.

24:04We have a lot of coal in the bank.

24:05Like this, I am going to help this money.

24:07This is where I am from.

24:09The decision is to vote of the company.

24:11When I am Slide, I am earning money.

24:15I am investing money.

24:19I am investing in the market as well.

24:20and then I have a lot of work in the village, which I have made my own

24:27and made my own business, I have to go to the port.

24:32The pollution, the environment, the environment,

24:36the judiciary, I have to be very cautious, I have to remind myself,

24:42that I have to remind myself that I have to remind myself in the hands of my own

24:43there is a lot of urgency that is the nature of urgency that whatever economic

24:51perspective comes from the whole country compared to the whole country, we have closed

24:57the whole world. We had 100 million tons of iron ore there, zero. We had started

25:06in Madras, Almonium, and we didn't get a box site. I'm saying failure after failure.

25:12After that, there is also a man who is suffering. We are standing standing.

25:19I want to ask you, will it be a pain point for India or will we be able to minimize

25:31it

25:31and contain the impact?

25:32I am saying a simple thing that the people who are the economic people are. You

25:40support them. You encourage them. You don't do any interference in any situation. You

25:45don't do any interference in any situation. The country will grow. America, Europe, Australia

25:51has increased. China, you are going to go and see that there is an entrepreneurship

25:54is still there. You are going to increase it. And the existing policy, the existing

25:59industry companies, the government companies, the government companies, the government companies,

26:03I am going to understand you. I am going to understand you. I am going to understand you.

26:37So I am going to understand you.

26:39barrel سے کم رہنے والا ہے کچھ دن پہلے ایک سو بیس ہو گیا تھا کچھ

26:43انمان کہہ رہے ہیں اور بڑھے گا ایران نے تو دو سو کی بات کی ہے آپ

26:47اس چھتروں بہت اچھی طرح سمجھتے ہیں میرے دو پرشنے ہیں آپ سے پہلا

26:50کی آپ کو کیا لگتا ہے کہ تیل کے دام کہاں آ کے ٹکیں گے کچھ

26:55سمیں پہلے تک جنوری میں تو ساٹھ با سٹھ کے آس پاس کے تھے اور یہ

26:59بھارت کے لیے بہت بڑی ایک میکرو ایکنومک چیلنج بن سکتا ہے تو یہ

27:02کہ کہاں ٹکے گا اور جو یہ claim کیا جا رہا ہے امریکہ دوارہ کی سو

27:08ڈالر سے کم ہوگا کیا یہ valid ہے کہ آپ کو ڈر ہے یہ بھاگ گئی بات

27:12میں اس کو assess نہیں کر سکتا کہ مارکٹ کیا رہے گا لیکن یہ جو

27:18بچار بن رہا ہے وہ اسی نبی سوکہ ہی بن رہا ہے اسی نبی سوکہ ہی

27:25بن رہا ہے لیکن وہ ہم لوگ کچھ دوسرے دوسرے ہمارے انرجی سیکٹر

27:30رہے ہیں ان کو بیلنس کر کے کم بیسی کر کے لیکن آنے والے دنوں

27:34میں پوری دنیا میں لکھ دیا گیا ہے ہاتھ سے ہندوستان کا

27:39consumption oil gas کا ڈبل ہوگا اور جگہ بیلنس رہے گا انڈیا میں

27:45ڈبل ہوگا کیوں کہ ہمارے ہمارے ہاں اور ہم کیا دس سال

27:51بعد بھی import dependent رہیں گے کہ آپ کو امید ہے کچھ بدلاب ہونے

27:54والا ہے میں نے آپ کو بتایا بھنڈار تو پورا ہے بھگوان نے پورے

27:57دل کھول کے ہم کو بھنڈار دیا ہے اب آپ کے اوپر ہے آپ اس کو

28:02آپ کے اوپر ہے آپ آدمی کو تیار کرو آدمیوں کو آگے بڑھاؤ دنیا میں

28:07پیسہ بھی بھینکر ہے technology بھی بہت اچھی آگئی ہے اب جتنا

28:13جیسے آپ نے کہہ دیا رہے بھائی کولا کھول دے گی تو ہمارے

28:15pollution ہو جائے گا کیونکہ ہمارے گھر دماغ میں خود خود کے ڈال دیا

28:21گیا یہ آپ تو کوپر بھی کرتے تھے تامل نادو میں وہاں بھی یہ

28:26allegation لگی یہ تو میں بول رہا ہوں یہ جو باہر والے لوگ آپ ہم

28:30لوگ کو باہر والوں سے بہت ستر ہوگے رہنا ہے نیوکلیر نیوکلیر

28:35project لگ رہا تھا دکشن بھارت میں اس پہ کئی سال تک بیروت چلا

28:38بعد میں پتہ لگا کہ ویدیش سے پیسہ آ رہا ہے اس ساری جو

28:42انجیوز کی لڑائی جو چل رہی تھی یہ ہمارے پرائیمنی سر مودی

28:45نے اتنا جبردست کام کیا ہے یہ انجیوز کو فنڈنگ کا جو انہوں

28:51نے کام کیا ہے کہ کچھ بھی اس سے بہت فرق پڑا ہے اس کا

28:55advantage لینا چاہیے اور ہمارے انٹرپینور کو آگے بڑھا کر کے

28:59میں دوبارہ پھر بولتا ہوں چھوٹے بیپاری میڈل بیپاری بڑے

29:04والے آپ کی گورنمنٹ کی کمپنیاں اور جو گورنمنٹ کا

29:07self-certification جسے کی گورنمنٹ کا انٹرپیرنس کم سے کم ہو جسے کی کام

29:14آگے بڑھ سکے

29:15انیلا گورال thank you very much for being very very explicit in what the government

29:21of india needs to do at this time of crisis there is pain the government is trying to manage

29:27that pain but this is not something that can be done in a matter of days and weeks and

29:33perhaps it is time for us to now trust the indian entrepreneur as anil agarwal has said to allow

29:41for self-certification to reduce regulation more ease of doing business because as this

29:46crisis is teaching us there is no alternative to atma nirbharta anil ji aap itna lambwe

29:55ڈوری سے آئے london سے کیول ہمار ساتھی آدھا گھنٹہ بتانے یہاں پہ آئے

29:59اس کے لئے آپ کا بہت بہت دھنیواد one round of applause for anil agarwal thank you very

30:05very much thank you thank you very much

Why can't India produce more of its own oil and gas? Anil Agarwal flags policy hurdles

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