Reflections

Today, the world is facing unprecedented crisis of 3 Fs- 'FOOD, FUEL and FERTILIZER'. The most acute impact of this is felt in global south. It is our endeavour to utilize the G20 presidency to give resonance to the voice of the global south.

National Street Food Festival platform has the potential to strengthen employment opportunities for street vendors.

PM SVANidhi provides a platform for financial inclusion by facilitating the street vendors to carry out digital transactions.

In last 2 years, PM SVANidhi disburses more than 40.07 lakh loans worth Rs. 4,606.36 crore to 45.32 lakh beneficiaries across two tranches.

Setting up 2G refineries to make ethanol from Parali and Bamboo with the twin objective of reducing pollution along with achieving energy security goals.

India has increased the ethanol blending in petrol from 1.53% in 2013-14 to 10.17% in July 2022.

The government of India intends to increase India's exploration acreage to 0.5 million sq. km by 2025 and 1 million sq. km. by 2030.

India will contribute 25% of global demand by 2040 and achieve 20% ethanol blending in petrol by 2025.

India will account for 25% of global demand growth till 2040. India is leading the transition in areas of biofuels, gas-based economy, green hydrogen, solar energy even as we take transformative steps to increase domestic exploration and production of traditional hydrocarbons.

Several pathways are being adopted to achieve the aggressive Net Zero target by 2070 set by Hon'ble PM Sh. Narendra Modi Ji at COP26 in Glasgow such as Biofuel blending, Adoption of EVs, massive increase in Solar Power Capacity & Green Hydrogen Mission. #DanceToDecarbonise is an innovative event to be held in Delhi under #IndiaEnergyWeek to celebrate people's participation in these pathways!

Our dependence on imported crude is still about 80-85%, on gas it's about 50-55%, so an event like this that brings together both consumers, producers, and all stakeholders in the overall ecosystem who are coming up with new technologies is a great opportunity.

India is driving the global energy transition under the leadership of PM Sh. Narendra Modi Ji. India Energy Week 2023 will bring global energy leaders to India to brainstorm on the way ahead. I look forward to the IEW Curtain Raiser in Bengaluru on 16th December 2022.