Seeking big-ticket investment in the vast, rapidly growing energy market Prime Minister Narendra Modi is holding a high-profile meeting with CEOs of foreign and Indian oil companies, including Rosneft, Saudi Aramco, BP, Reliance Industries and Cairn India.
The government in the meeting will be represented by Dharmendra Pradhan, minister for petroleum and natural gas, Rajiv Kumar, vice-chairman of Niti Aayog, cabinet secretary PK Sinha and Niti Aayog CEO Amitabh Kant. Secretaries of key ministries will also be present to ensure all policy and tax issues are explained immediately to ensure a positive outcome. Veteran policymaker Vijay Kelkar, Daniel Yergin, vice-chairman IHS Mark, and David C Carroll, president International Gas Union, will also attend.
This will be PM’s second session with captains and experts of global oil industry, where the government's think-tank Niti Aayog is playing a key role. The PM had on January 5, 2016 held a session on increasing domestic production of oil and gas as well as ways to attract larger investments in the domestic oil industry. India would require more investment in infrastructure with country’s energy demand expected to accelerate as the economy expands and more people will be having access to power, cooking gas and personal transport.
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