The latest news on India Energy Week is that Prime Minister Narendra Modi inaugurated India Energy Week 2024 in Goa, announcing investment programs that show a genuine intention to match words with actions [1] and [2]. India Energy Week 2024 is the country’s largest and most encompassing energy exhibition and conference focusing on renewable energy, technology advancements, and strategies for achieving decarbonization in the energy sector[3]. IEW will catalyze India’s energy transition goals by bringing together the entire energy value chain[1].
During the inauguration, Prime Minister Modi announced a $67 billion investment plan for the natural gas supply chain to meet India’s surging energy demands[2]. Government estimates anticipate that gas sector investments will occur over the next 5-6 years[2]. The Indian Government has committed to spend Rs 11 trillion on infrastructure in the Union budget. India is obviously an economy on steroids, growing at seven percent per year[4].
This event is significant as it emphasizes India’s commitment to renewable energy, technology, and sustainable development in the energy sector. Notably, large investment initiatives announced by the Honourable PM Modi come right after COP28 discussions, acknowledging the international narratives to move towards Net Zero while taking demonstrable action to meet current and future energy needs sustainably. It provides a platform for discussions and collaborations to drive India’s energy transition and address the challenges of decarbonization in the move towards Net Zero.
To read more news, check out India’s infrastructure push needs energy [5] and the official Indian Government press release[6].
Sources:
- PM inaugurates India Energy Week 2024 – Prime Minister of India
- India Energy Week 2024 to focus on renewable energy and technology on day 2 – Economic Times
- India to see $67 billion investments in gas sector in 5-6 years: PM Modi – Times of India
- How ‘an economy on steroids’ gets to energy independence: Energy Connects
- India’s infrastructure push needs energy
- Indian Government official press release
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