Summary:
New Delhi: India will double its oil refining capacity in the next five years and will multiply the usage of natural gas by four-fold, Prime Minister Narendra Modi said on Saturday while addressing the 8th convocation of Pandit Deendayal Petroleum University (PDPU).
He also suggested that PDPU alter its name to include the word “energy”.
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New Delhi: India will double its oil refining capacity in the next five years and will multiply the usage of natural gas by four-fold, Prime Minister Narendra Modi said on Saturday while addressing the 8th convocation of Pandit Deendayal Petroleum University (PDPU).
He also suggested that PDPU alter its name to include the word “energy”.
Telling students that India was passing through a transitional phase, PM Modi told the students graduating during the Covid pandemic that they were entering the energy sector at the opportune time.
“Today there are unlimited opportunities in the energy sector in India.
You all have reached this sector at the right time.
In this decade, in just the oil and gas sector, crores of investment will happen.
So for you, there are ample opportunities from research to manufacturing,” said the prime minister during his virtual address of the convocation where Mukesh Ambani, president of Board of Governors of PDPU and Gujarat chief minister Vijay Rupani had also participated.
Stating that India targets to cut down on its carbon footprint by 30-35 percent, Modi told the students of this Gandhinagar-based university, “Keeping in mind our energy needs, it is our endeavor to increase the proportion of natural gas by four times in this decade alone.