India becomes most favoured destination for energy investments
Union Minister Dharmendra Pradhan said, India is among the top 10 FDI destinations in the world while addressing the investors in Abu Dhabi on 12 Nov at the roadshow organized by the Directorate General of Hydrocarbons (DGH) to promote India as a favorable investment destination in the oil and gas sector . India presently being the 3rd largest energy consumer in the world is poised to drive the global energy demand in the coming decades. The Minister said the oil and gas industry will continue to play a crucial role in meeting India’s energy requirement despite system-wide energy transition measures. The minister also said that oil demand is projected to rise at the fastest pace in the world and is expected to reach 10 million barrels per day by 2030.