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USIBC highlights India’s role as major player in advancing global energy transition

USIBC commended India’s ability to bring together international partners on critical issues around energy transition to ensure a sustainable and secure energy future for the world

USIBC delegation at India Energy Week 2024 / USIBC

The U.S.-India Business Council (USIBC) led a high-level business delegation that participated in the second edition of the India Energy Week (IEW) 2024 in Goa.

The delegation led by USIBC president Ambassador Atul Keshap and Shilpa Gupta, chief technology officer – India, GE Vernova attended the inauguration on Feb 6.

Addressing the gathering, Prime Minister Narendra Modi highlighted that India’s energy demand is expected to double by 2045  and India is set to witness an investment of US$ 67 billion in the energy sector over the next five to six years. 

The delegation in a roundtable with Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri and Petroleum Secretary Pankaj Jain, explored potential areas of collaboration oil and gas, the Global Alliance on Biofuels,

 

Addressing the gathering, Prime Minister Narendra Modi highlighted that India’s energy demand is expected to double by 2045  and India is set to witness an investment of US$ 67 billion in the energy sector over the next five to six years. 

The delegation in a roundtable with Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri and Petroleum Secretary Pankaj Jain, explored potential areas of collaboration oil and gas, the Global Alliance on Biofuels,and critical technologies like hydrogen, new fuels, energy storage, nuclear power, and Carbon Capture, Usage and Storage (CCUS). 

USIBC President in a meeting with Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri / Image - USIBC

On the sidelines of IEW 2024, USIBC and GE Vernova met with Tarun Kapoor, advisor to PM Modi, and Dr. Keisuke Sadamori, director, Energy Markets and Security at the International Energy Agency (IEA) to discuss the global landscape on energy transition and security.  

“USIBC would like to congratulate the Government of India and the Ministry of Petroleum and Natural Gas for another successful round of the India Energy Week,” Ambassador Keshap said in a statement.

“USIBC members are ready to collaborate on state-of-the-art projects and foster innovation that can help catalyze energy transition in India, the U.S., and around the world. The U.S.-India energy corridor is diverse, strong and ambitious and represents tremendous opportunities for public and private sector partnerships between the two countries,” he added.

Shilpa Gupta highlighted that her firm will help India in meeting its decarbonization goals. “It’s critical for India to lay down a solid foundation of its energy transition journey by promoting and adopting innovation led technology advancements. It will help the country establish a sustainable energy mix in future,” she maintained.

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