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ITC Chairman: Indian Industry Turns to LPG Reuse, Alternative Fuels to Cut Costs

Indian industry is actively exploring energy alternatives like LPG reuse and other fuel sources to manage costs in a volatile global environment, according to ITC Chairman Sanjiv Puri. He highlighted this shift at an event in New Delhi, noting the need to address specific pain points amid global supply disruptions. Puri complimented the government's proactive approach in addressing logistical and policy issues through regular industry feedback. While India navigates the situation well, he cautioned that sectors must monitor for second- and third-order impacts over the coming quarters.

Key Points: Indian Industry Explores LPG Reuse, Fuel Alternatives: ITC Chairman

  • Industry exploring LPG reuse
  • Shift to alternative fuel sources
  • Managing costs amid volatility
  • Government praised for proactivity
  • Monitoring for future impacts
2 min read

Indian industry explores LPG reuse, fuel alternatives to cut costs: ITC Chairman

ITC Chairman Sanjiv Puri says Indian industry is adopting LPG reuse and alternative fuels for cost management amid global supply disruptions.

"Industry is necessarily looking at alternatives in specific areas of pain points, like, for example, on energy -- reuse of LPG, looking at other sources of fuel. - Sanjiv Puri"

New Delhi, April 9

Indian industry is increasingly exploring alternative energy solutions such as LPG reuse and shifting to other fuel sources to manage costs amid a volatile global environment, Sanjiv Puri, Chairman and Managing Director, ITC Limited.

"Industry is necessarily looking at alternatives in specific areas of pain points, like, for example, on energy -- reuse of LPG, looking at other sources of fuel. So these are some of the things that industry is really looking at for the moment," Puri told ANI on the sidelines of the "Transforming for Tomorrow: Growth with Resilience" event in New Delhi.

His remarks come amid global supply disruptions and tensions, including concerns around the Strait of Hormuz, a critical energy transit route, which has affected markets and supply chains worldwide.

Puri highlighted that industry is adapting to a challenging landscape by reassessing strategies, identifying key pain points, and deploying efficiency measures. Companies are increasingly focusing on energy diversification, operational flexibility, and resilience to manage ongoing disruptions.

He also lauded the government's proactive approach. "I must compliment the government for their proactivity, addressing all the issues, not only from a logistics perspective but also from a policy perspective as well. And especially through the case management, these are significant issues," he said.

Puri also told ANI that the government is taking feedback from industry regularly, and whatever operational issues are arising, they are being addressed proactively.

While India is not completely insulated from global shocks, Puri said it has managed the situation relatively well compared to other economies. "We are not completely isolated, but we are navigating this situation very well and hopefully will emerge stronger," he added.

He cautioned that certain sectors could face challenges.

"We have to monitor the situation over the next couple of quarters for second- and third-order impacts," he said, adding that industry will continue focusing on energy efficiency, alternative fuels, and adaptive strategies to navigate uncertainties and sustain growth.

- ANI

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Reader Comments

P
Priya S
While cost-cutting is important, I hope this push for alternative fuels also has a strong environmental component. Reducing dependency on fossil fuels is good, but the transition must be sustainable and not just a temporary fix for price volatility.
R
Rohit P
Finally some sense! We have been too dependent on imported energy. Time for our industries to invest seriously in biogas, green hydrogen, and waste-to-energy projects. This will create jobs and boost our energy security. Jai Hind! 🇮🇳
A
Ashley H
Interesting read. The focus on operational resilience is key for any economy facing global headwinds. India's proactive approach, as mentioned by Mr. Puri, seems to be a differentiating factor compared to other regions.
K
Karthik V
The government-industry collaboration highlighted here is crucial. But I respectfully disagree that all issues are being addressed proactively. Many MSMEs are still struggling with high energy costs and need more direct support schemes, not just policy discussions.
M
Meera T
LPG reuse is a smart idea, especially for hotels and food processing units. However, the initial investment for setting up such systems can be high. Hope there are subsidies or easy loans to help smaller businesses adopt these measures.

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