New Delhi: Vedanta Chairman Anil Agarwal on Wednesday said India must produce at least half of its oil and gas requirements domestically to ensure long-term energy security, even as the country expands renewables and coal output.
“For India’s energy security, at least 50 per cent of oil and gas must be produced within the country,” Agarwal said in a social media post, stressing that self-reliance was critical as global consumption continues to grow.
Calling on young entrepreneurs to drive this transformation, he added, “This is the work of our youth. They should be encouraged with easier compliance and genuine ease of doing business. If we empower them, India will not just achieve energy independence but will emerge as a global superpower”.
He noted that while India achieved milestones in renewables and coal production, oil and gas resources remained underutilised and must be harnessed.>
