In the last 5-6 years, India has become the most favoured destination for energy investments. India received 286 US dollars billion FDI in the last 5 years. This is almost half of the total FDI in India in the last 20 years.
Addressing the investors in AbuDhabi today at the roadshow organized by the Directorate General ofHydrocarbons (DGH) to promote India as a favorable investment destination inthe oil and gas sector, Union Minister Dharmendra Pradhan said, India is amongthe top 10 FDI destinations in the world.
He also said thatIndia presently being the 3rd largest energy consumer in the world is poised todrive the global energy demand in the coming decades. The Minister said the oiland gas industry will continue to play a crucial role in meeting India’s energyrequirement despite system-wide energy transition measures.
He also added thatoil demand is projected to rise at the fastest pace in the world and isexpected to reach 10 million barrels per day by 2030.
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