India becomes most favoured destination for energy investments: Dharmendra Pradhan

In the last 5-6 years India has become the most favoured destination for energy investments. India received 286 US dollars billion FDI in the last 5 years. This is almost half of the total FDI in India in the last 20 years. 

Addressing the investors in Abu Dhabi yesterday at the roadshow organized by the Directorate General of Hydrocarbons (DGH) to promote India as a favorable investment destination in the oil and gas sector, Union Minister Dharmendra Pradhan said, India is among the top 10 FDI destinations in the



world. 

He also said that India presently being the 3rd largest energy consumer in the world is poised to drive the global energy demand in the coming decades. The Minister said the oil and gas industry will continue to play a crucial role in meeting India’s energy requirement despite system-wide energy transition measures. 

He also added that oil demand is projected to rise at the fastest pace in the world and is expected to reach 10 million barrels per day by 2030.