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IOCL & Petroleum Ministry Exchanged Ideas & Views on Future of India’s Energy Sector

New Delhi, 14 November 2024: Exchanged ideas and views on the future of India’s energy sector with captains of the industry and senior officials of Petroleum Ministry at the third brainstorming session on the sector yesterday.

As India confidently transitions into being the demand centre for energy accounting for more than 25% of the overall increase in global energy demand in the next two decades to drive India’s economic growth under the leadership of PM Shri Narendra Modi Ji.

In our discussions which stretched through the day we reviewed the Capex in energy entities, India’s massive $30 billion investment envisaged in the oil and gas sector by actively pursuing assets and critical mineral to ensure the nation’s energy security and focused hard on the adaption of Artificial Intelligence tools across the entire hydrocarbons value chain. We are already using AI in a constructive & big way across the energy sector.

PM Shri Narendra Modi Ji saw the significance of Artificial Intelligence and all that goes with the fourth industrial revolution very much earlier than most others did. The eVidya portal, among several other initiatives launched under the visionary leadership of PM Modi Ji set the process rolling.

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