india-news

Moily calls for increase in investments to make India energy-independent by 2030

Mumbai, Nov.26 : Union Minister of Petroleum and Natural Gas M Veerappa Moily on Tuesday called for an increase in investments to enable the country to become energy-independent by 2030.


Addressing an event here, Moily said that India needed to march forward and become 'energy independent'.

"There is an excellent prospect for oil and gas in this country which you would come to know from those details. That is why, we need more investments, we need to march forward, and I visualise a dream of making this country energy-independent by 2030," he told media here today.

Commenting on Reliance Industries that has faced flak for over the falling gas production, Moily said that the company has offered a bank guarantee, and the matter would be resolved in the near future

"There are certain issues with regard to the decline, with regard to the Reliance, that is in two discoveries, not all the discoveries. As far as the two discoveries are concerned, you know they have offered bank guarantee," he said.

I think they are putting up the cabinet note and within 10 to 15 days time that matter will be cleared. I do not think there is scope for any speculation whatsoever in future," he added.

--ANI (Posted on 27-11-2013)

india-news headlines

Congress using secularism to digress from real problems: Modi

Vrindavan widows to vote for social recognition (Election Special)

President greets nation on Easter

Families brave heat n' dust for candidates in UP polls (Election Special)

Will UP assembly be dissolved if Modi wins? (Election Special)

Rahul Gandhi failed to look after Amethi, says Modi

Need to expedite Indo-EU FTA after new government comes: Envoy

UPA's 'unholy haste' will destroy Lokpal's credibility: Arun Jaitley

Youth choose innovative ways for community service

This near and yet so far: India/Pakistan travelogues by Indians/Pakistanis (Column: Bookends)

Laundry Project India to expand operations

BJP seeks stay on appointments, complains against PM's media advisor

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top