BETUL: Prime Minister Narendra Modi today said that Goa is a state which is touching new paradigms of development while stating that Goa is a perfect destination for India Energy Week 2024.
Prime Minister Narendra Modi was addressing the Inaugural of India Energy Week at Betul.
“Goa is a state which is touching new paradigms of development, so today when we have come together to talk about sensitivity towards the environment and sustainable future, then Goa is a perfect destination for this. All the foreign guests coming to this Summit will take lifetime memories of Goa with them,” said PM Modi.
He further said that experts across the world believe that India will soon become the third largest economy in the world and energy sector is important in this growth story of India. India is already the third-largest energy consumer in the world.
“India is the third largest oil consumer and the third largest LPG consumer. We are the world’s fourth largest importer of LNG, fourth largest refiner and fourth largest auto mobile market,” he said.
PM said that today, new records are being made in the sales of two-wheelers and four-wheelers in India. Demand for EVs is continuously increasing, it is also estimated that India’s primary energy demand will double by 2045.
“It is a matter of great pleasure for us that this event of India Energy Week is taking place in Goa which is always full of energy. Goa is known for its hospitality. Tourists coming here from all over the world are impressed by the beauty and culture of this place,” he added.
Modi said that India’s oil demand is expected to increase to 38 million barrels per day by 2045 from current 19 million barrels.
“India is consistently growing its energy capacity. We aim to increase the share of natural gas to 15% of primary energy missfrom 6 % now. By 2030 the refining capacity will be at 450 mtpa in India,” he added.