Last Updated: January 29, 2024, 21:39 IST
The minister stated that India Energy Week 2024 is predicted to witness 17 vitality ministers from completely different international locations, 35,000+ attendees, and greater than 900 exhibitors.(PTI Photo)
Oil Minister Hardeep Singh Puri stated the assembly will occur on the sidelines of the second version of India Energy Week being held in Goa from February 6 to 9
Prime Minister Narendra Modi will subsequent week meet chief executives of prime Indian and international oil and gasoline firms, the place subjects like vitality provides amid geopolitical conflicts and attracting investments are probably to be mentioned.
Oil Minister Hardeep Singh Puri stated the assembly will occur on the sidelines of the second version of India Energy Week being held in Goa from February 6 to 9.
Prime Minister had lately used annual jamboori of oil and gasoline sector — beforehand as CERA India Week and now India Energy Week — to meet chief executives of main oil and gasoline firms with a view to understanding the rising vitality situation in addition to to drum up investments within the vitality sector of the nation.
This yr’s convention comes within the backdrop of the persevering with Russia-Ukraine warfare and the contemporary Red Sea disaster the place one of many world’s busiest sea navigation channels has been threatened by assaults by Houthi militants.
“India today on the energy front presents the picture of confidence, of positive growth, of solutions in many areas. IEW is a golden opportunity for all these related developments on the energy front to be showcased and provide the platform for further development and growth in the energy sector,” Puri informed reporters.
Just just like the earlier editions, Modi will meet oil and gasoline corporations’ CEOs on the sidelines of the occasion. Besides, there may even be an India-US funding roundtable.
Asked concerning the Red Sea disaster which has to this point not disrupted oil provides to India however has despatched freight expenses increased as ships reroute to keep away from the battle zone, he stated the the battle is a matter of concern however not a reason for fear for the nation as but.
“Whatever difficulties we faced, we’ve not only navigated through each of those developments and challenges which have come our way, but I think we have navigated quite well,” he stated.
The minister stated that India Energy Week 2024 is predicted to witness 17 vitality ministers from completely different international locations, 35,000+ attendees, and greater than 900 exhibitors.
“I am pleased to share that this time we will have dedicated 6 country pavilions, namely Canada, Germany Netherlands, Russia, UK and USA.” During IEW 2024, a particular Make-in-India Pavilion is being organized with greater than 300 exhibitors to showcase modern options Indian MSMEs are spearheading within the vitality sector.
He stated with the variety of home and worldwide members this offers them an unparalleled platform to reveal their skills to each home and worldwide markets.
Highlighting the rise in scale of the occasion as in contrast to first version, the minister famous that the variety of exhibitors for IEW ’24 is predicted to be greater than 900 (up 30 per cent).
There is 25 per cent improve in exhibition space (18,500 sq. metres this yr as towards 15,000 sq m final yr), leading to a 46 per cent improve in income from exhibition.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – PTI)
