Today the Curtain Raiser of India’s flagship Energy Event “India Energy Week 2023 “(IEW 2023), was organised at the Bangalore palace, Bengaluru. Shri Hardeep S. Puri, Minister of Petroleum and Natural Gas & Housing and Urban Affairs, inaugurated the curtain raiser. The curtain raiser was attended by representatives of Global Energy Majors, leading Indian companies from Karnataka including from Energy, IT, financial companies, members of the international diplomatic community etc.  Shri Basavaraj Bommai, Hon’ble Chief Minister of Karnataka was the Chief Guest for the occasion.

The Curtain Raiser marks the beginning of number of preparatory events being hosted in the run up to the India Energy Week 2023. Various other events lined up include “Dancing charge Electric Vehicles” on 23^rd December 2022 at Kartavya Path, New Delhi, a “car rally of Sustainable Fuel Vehicles” from New Delhi to Manesar, on 8^th January 2023, to name a few, which will showcase India’s multiple pathways for a cleaner and greener energy future.

Expressing delight on organisation of India Energy Week in Bangalore in February, 2023, the Minister for Petroleum & Natural Gas Shri Hardeep S. Puri said that Bangalore is a city that has grabbed attention not just with in country but also globally due to the spirit of innovation, entrepreneurs talent, start ups particularly in energy sector. In addition to the location for IEW, the context setting becomes necessary, he said.

He further said that energy today in Indian context assumes significance, economic growth. Indian growth is 3 times of that of global growth. We have taken steps in exploration, production, biofuels, refinery sector, green hydrogen. Today the buzz around world is that significant part of energy demand in future will be from India.

The challenge for India is that it has to meet the energy demand of fast emerging economy.

Talking about Prime Minister's vision of Amrit Kal, Shri Puri said that India will not only be a developed nation by 2047 in line with PM's vision of Amrit Kal and at the same time we will not deviate from commitment towards Green Transition.

During the event, the Minister stated that under India's presidency of G20, we want to set up International Biofuel Alliance.

During the curtain raiser, Shri Hardeep S. Puri highlighted the tremendous strides India has made in the Energy Sector including in making India an investment friendly destination in the Exploration and Production Sector, energy infrastructure and for shifting the manufacture centre to India. Some of these initiatives included; reducing ‘No Go’ areas by almost 99%, easy access to data through the National Data Repository (NDR) project and Hydrocarbon Resource Assessment (HRA) project, launching of stratigraphic wells initiative, robust City Gas Distribution system, considerable impetus to gas infrastructure etc. Minister also reiterated the steps the government was taking to ensure that the 60 Million consumers who on average visit the petrol pumps on a daily basis are safeguarded from the extreme volatility visible in global energy markets. He also welcomed all the participants to join the Indian grown story and invited the attendees to IEW 2023.

India Energy Week 2023 is being organised during India’s G20 Presidency, under the tagline “Growth, Collaboration, Transition”, from 6-8 February 2023 in Bengaluru. The India Energy Week 2023 is expected to feature more than 30 energy Ministers, 50 CEOs and 10000+ delegates. It will provide a unique opportunity to showcase India as both an engine of global economic growth and a driver for global consumption, supported by a conducive and investment-friendly environment, and a skilled workforce. IEW 2023 will provide an unprecedented opportunity for regional, international leaders and CEOs to come together for strategic policy making and technical knowledge sharing.

During the IEW 2023, through 19 strategic conference sessions, the comprehensive  gamut of issues covering the entire energy sector would be discussed and deliberated by panels of Energy Ministers from various countries, CEOs / leaders of Energy Majors, etc.

The Strategic Conference of IEW 2023 covers themes such as Energy Security, pathways for decarbonization, Resilient Energy Supply Chains, Emerging Fuels such as Biofuel and Hydrogen, Investments in Upstream and Midstream Sector etc. Besides the Strategic Conference, IEW 2023 will also have Technical and Commercial Conference Sessions, wherein critical aspects of prevailing and prospective energy market scenarios will be deliberated upon.

For further details, please log on www.indiaenergyweek.com

For real time updates, IEW 2023 twitter handle can be followed at https://twitter.com/IndiaEnergyWeek

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RKJ/M

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