SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 03 Nov, 2022  

Hardeep Singh PuriTHMB India aims to convert energy challenges into opportunities: Minister
   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
IANS | 03 Nov, 2022
Petroleum Minister Hardeep Puri on Thursday said that as India is facing certain challenges, the Central government's attempt is to convert these challenges into opportunities.

"India today is clearly an India in transition," he said while addressing the India Chem 2022, organised by industry body FICCI and Ministry of Chemicals and Fertilisers.

Puri while speaking on the high global energy prices, stated that "we have been able to navigate global prices. Clearly when prices are high, the situation will be inflationary".

The minister further stated: "We are taking corrective measures including the new pipeline and other innovative steps like introduction of solar cooker, which in the coming months will make a major impact in lowering the demand for domestic kitchen energy because it will feed on the natural sunlight."

He highlighted that Indian economy is growing at a rate of 7 per cent, and energy is a critical driver of growth.

"Our refining capacity, which currently stands at about 252 million metric per annum and is likely to go up to about 400 million metric tonnes per annum in the coming years. We are also transiting from the fossil fuel based energy to a greener energy including solar, wind and compressed biogas," he added.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter