Prime Minister Narendra Modi inaugurates India Energy Week 2023
February 06, 2023
“We are continuously making our refining capacity indigenous, modern and upgraded”
-Hon’ble Prime Minister Narendra Modi
Hon’ble Prime Minister Narendra Modi officially inaugurated India Energy Week (IEW) 2023 on 6th February 2023 in Bengaluru, Karnataka. Under Indian Oil's ‘Unbottled’ project, uniforms for retail customer representatives and LPG delivery agents were launched by the Prime Minister. Recycled Polyethylene terephthalate (PET) bottles were used to create these uniforms. Additionally, he launched Indian Oil’s Indoor Solar Cooking System's twin-cooktop variant.
The Prime Minister also introduced E20 fuel at 84 retail locations of oil marketing companies in 11 States/UTs. Along with this, he flagged off the ‘Green Mobility Rally’. Vehicles powered by renewable energy sources would take part in this rally to raise awareness about green fuels.
The Prime Minister mentioned that India’s share in the global oil demand is 5% presently, which is expected to rise up to 11% in the future, creating new investment opportunities in India.
Further, the Prime Minister provided an overview of the past nine years' events, noting that there have been 13 times as many broadband users and three times as many internet connections in the nation. In order to provide internet connectivity to every town, 6,00,000 km of optical fiber had been deployed throughout the nation. As compared to urban areas, the number of internet users in rural areas is increasing more quickly as a result.
Background about the event
India Energy Week is organized annually from February 6th to 8th to highlight the country's evolving expertise as a leader in the energy transformation sector. Leaders from energy academies, Government bodies, and traditional and alternative energy sectors participate in the event to discuss the opportunities and problems related to the responsible energy transition. This year, more than 30,000 attendees, 1,000 exhibitors, and 500 speakers attended to ideate the prospects and challenges faced by the energy sector of India.
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