Bangalore, 14 November 2024: Delighted to interact with captains of the industry, professionals and experts of energy sector at the 27th Energy Technology Meet (ETM) on the topic of “Green Energy Horizon: Advancing Sustainable Refining and Petrochemicals” in Bengaluru today.
Indian energy sector is on the cusp of a transition and is rapidly moving towards the centre of global oil and energy market under the leadership of PM Shri Narendra Modi Ji.
Today, India is the world’s third largest consumer of energy. Our energy needs are expected to grow by 2.5 times by 2047 while India is expected to account for 25% of the overall global growth in energy demand in the next two decades. For countries like India, with its ever-increasing oil and gas import bill, green hydrogen, biofuels, CBG can help provide crucial energy security by reducing the overall dependence on imported fossil fuels and providing momentum to our green energy transition. India’s energy sector has also made rapid strides in terms of technological advancements.
Our OMCs have been granted 404 patents and have filed 382 additional patents till January 2023. India has a wide range of possible energy solutions for the futures like solar, wind, bio-energy, ethanol, green hydrogen etc. With these diverse resources at our disposal, India is well-positioned to achieve an energy mix that is both sustainable and secure.
With the second-highest installed talent base in AI job functions and three times more AI-skilled talent than other countries, India is at the forefront of the AI revolution. India ranks sixth when it comes to the deeptech ecosystem. India is home to over 3,600 startups in the deeptech space with Indian deeptech startups raising about US $ 10 billion in the last 5 years.
