India Charts Bold Upstream Energy Strategy at Urja Varta 2025

Publisher:

Published: 7/17/2025

Language:English

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David

Good morning 跑了松鼠, I'm David, and this is Goose Pod for you. Today is Saturday, July 19th. We're diving into a significant development from this week: India's ambitious new strategy for its upstream energy sector.

Ema

And I'm Ema! We're here to break down what happened at the Urja Varta 2025 conclave. It sounds technical, but it’s really about how India plans to power its future, and the plans are big.

David

Let's get started. The centerpiece of the event was the announcement of several key reforms. Minister of Petroleum & Natural Gas, Hardeep Singh Puri, unveiled the revised Petroleum and Natural Gas Rules and new Model Revenue Sharing Contracts. These are foundational policy changes.

Ema

Exactly! Think of it like this: if finding and producing oil and gas is a complicated game, the government just updated the rulebook to make it simpler and more attractive for companies to play. The goal is to get more players, both domestic and international, onto the field.

David

Aptly put. The aim is to enhance policy clarity and boost investor confidence. Alongside the new rules, the government also launched Hydrocarbon Resource Assessment Studies to get a much clearer, scientifically-backed picture of India's actual energy resource base. We can't find what we don't know is there.

Ema

It's like creating a detailed treasure map before you start digging. The better the map, the less time and money you waste. This makes the whole venture less risky for investors, which is a huge deal when you're talking about billions of dollars in investment for exploration.

David

The event also saw the exchange of significant Memorandums of Understanding, or MoUs. One was between the major British oil company, bp, and India's state-run ONGC for stratigraphic well studies. Another was between the Directorate General of Hydrocarbons (DGH) and the National Informatics Centre.

Ema

The bp and ONGC deal is about deep-level geological studies—basically, getting more scientific about that treasure map. The DGH and NIC deal is about creating a cloud-based National Data Repository. All the maps, all the data, all in one transparent, accessible digital library for everyone.

David

This move towards data democratization is a recurring theme. It aligns with the event's theme of "Collaborate, Innovate, Synergize." By making high-quality geoscientific data more accessible, they're hoping to foster a more competitive and innovative exploration environment, attracting a wider range of expertise.

Ema

It’s a smart strategy. Instead of a few big players holding all the cards, you open up the information. This could attract smaller, nimbler companies or specialized tech firms that have innovative ideas but previously couldn't get access to the necessary data to even start.

David

And it wasn’t just about policy and data. The conclave itself was a major event, bringing together over 700 participants, from Union Ministers to global industry leaders and domain experts. It signals a concerted push to make India a major hub for the upstream oil and gas industry.

Ema

Absolutely. It sends a message to the world that India is serious about this. It's not just talk; they're rolling out the red carpet with new rules, better data, and a platform for everyone to come together and talk business. It’s about creating momentum.

David

To understand why India is making such a bold push now, we need to look at the staggering energy demand figures. Over the last five years, India alone accounted for 16% of the global increase in oil demand. That's a significant share of the world's new energy consumption.

Ema

Sixteen percent is huge! It shows just how fast the economy is growing. More factories, more cars, more electricity for homes—it all runs on energy. And this trend isn't slowing down. India is expected to be a huge driver of global energy demand for decades to come.

David

Precisely. Projections show India is expected to account for nearly a quarter of the incremental global energy demand through 2045. Minister Puri emphasized that this demand is not only large but also "structured, predictable, and responsible," which is a signal to global markets that India is a reliable long-term partner.

Ema

That predictability is key. For big energy companies, investing in exploration is a decades-long commitment. Knowing that a massive market like India will have a steady, growing appetite for energy makes it a much safer bet. It reduces the market risk for these huge, capital-intensive projects.

David

This strategic push isn't new; it's been building for a decade. The government has already invested over ₹4 lakh crore, or about 48 billion US dollars, in energy infrastructure. The recent announcements at Urja Varta are an acceleration of a long-term strategy to enhance domestic production.

Ema

So, this isn't a sudden reaction to a crisis, but part of a larger, thought-out plan. They’ve been laying the groundwork for years. What specific policies in the past paved the way for these new announcements? I remember hearing about something called "No-Go" areas.

David

You're right. A major breakthrough was the Hydrocarbon Exploration and Licensing Policy, or HELP. Along with amendments to the Oilfields Regulation and Development Act, HELP was instrumental in opening up nearly 1 million square kilometers of "No-Go" areas to exploration. These were areas previously off-limits for various reasons.

Ema

A million square kilometers! That's like opening up a whole new country for exploration. It must have unlocked a massive amount of potential. It's like a video game where a huge part of the map was previously fogged out, and suddenly, you can explore it for resources.

David

That’s an excellent analogy. These reforms were part of a broader shift in mindset. The old system was more restrictive. The new framework is built on a co-designed approach with the industry, featuring a single lease for different types of hydrocarbons and a single approval mechanism, which dramatically simplifies the process.

Ema

So, less red tape. Instead of needing a separate license for oil, then another for natural gas, and so on, you get one lease to explore for everything. That makes perfect sense. Geologically, these resources are often found together, so the regulations should reflect that reality.

David

Correct. Another subtle but crucial change was the introduction of a "no-sit" clause. This was designed to prevent companies from acquiring exploration blocks and then sitting on them without doing any work, which was a problem in the past. It ensures that the acreage is actively explored.

Ema

That’s clever. It’s a "use it or lose it" policy. It discourages companies from just hoarding potential oil fields and encourages those who are serious about exploration to get to work. This helps accelerate the pace of discovery and development, which is exactly what India needs to meet its demand.

David

These historical reforms collectively created the foundation. They moved from a system where the government prescribed everything to one that is more flexible and revenue-sharing based. The Model Revenue Sharing Contracts, or MRSC, updated at Urja Varta, are the latest evolution of this, making the terms even more attractive for investors.

Ema

It seems the whole philosophy has shifted from control to collaboration. By making it easier and more profitable for companies to do business, the government is betting that it can unlock more investment and, ultimately, more domestic energy production to secure its own future. It’s a pragmatic approach.

David

And this domestic push is set against a backdrop of increasing global volatility. The need to reduce reliance on imports, which currently account for about 85% of India's crude oil needs, has never been more urgent. Every barrel of oil produced domestically is a step towards greater energy security.

Ema

Eighty-five percent is a very high number. It makes the economy vulnerable to price shocks and supply disruptions from halfway across the world. So, while these reforms are about economic growth, they're just as much about national security and insulating India from global turmoil.

David

That is the core of the issue. The strategy laid out at Urja Varta is a direct response to this dual challenge: meeting the explosive growth in domestic demand while simultaneously navigating an increasingly unpredictable and complex global energy landscape. It's a high-stakes balancing act.

Ema

And it seems they are using a multi-pronged approach. On one hand, sweetening the deal for exploration at home. On the other hand, as we’ll discuss, they are also being very strategic about who they buy their energy from on the global stage. It’s a fascinating puzzle.

David

Indeed. The strategy isn't being implemented in a vacuum. It’s a direct response to significant global conflicts and tensions. Minister Puri specifically addressed the challenges posed by the Russia-Ukraine conflict and instability in the Middle East, which have caused major disruptions in energy markets.

Ema

These events really highlight the vulnerability of relying on imported energy. When a conflict breaks out thousands of miles away, it can directly impact the price you pay for fuel. So, how has India been navigating this? There was some controversy about India buying Russian oil, wasn't there?

David

There was, and Minister Puri addressed it head-on. He clarified that Russian oil was not under a global sanction but a price cap, a mechanism designed to keep the oil flowing to avoid a catastrophic supply shock. He argued that removing Russia's 9 million barrels per day from the market would have caused chaos.

Ema

That’s a really important distinction. A sanction would mean "you cannot buy this," while a price cap means "you can buy this, but only up to a certain price." He’s suggesting that completely stopping the flow of Russian oil would have hurt everyone, especially developing countries, by sending prices sky-high.

David

Precisely. He estimated prices could have soared to between $130 and $200 per barrel, which would have been devastating for the global economy. He stated that India has never purchased any sanctioned cargo and, by continuing to buy Russian oil under the price cap, acted as a stabilizing force in the market.

Ema

It’s a pragmatic argument. From India’s perspective, the priority is ensuring a stable and affordable energy supply for its 1.4 billion people. If they can do that while abiding by international frameworks like the price cap, it's a win-win. They get the energy they need, and the world market avoids a major shock.

David

This is part of a broader diversification strategy. To hedge against these geopolitical risks, India has proactively expanded its crude import sources from 27 countries to 40. This reduces dependency on any single region, be it the Middle East or Russia, making the supply chain more resilient.

Ema

That’s like not putting all your eggs in one basket. If one supplier becomes unreliable due to conflict or sanctions, you have 39 others to turn to. It gives you flexibility and bargaining power. It's a simple concept, but on a national scale, it's a massive and complex undertaking.

David

Another point of contention is the sanctions on countries like Iran and Venezuela, which are major oil producers. When asked about this, Minister Puri questioned the permanence of such restrictions, pointing to the dynamic nature of global politics and the emergence of new suppliers like Brazil, Guyana, and Canada.

Ema

That’s a forward-looking perspective. He’s essentially saying that the energy map is constantly being redrawn. Today's sanctioned nation might be tomorrow's key supplier. So, while you manage the present, you have to keep an eye on how these global power dynamics might shift in the future.

David

However, the challenges aren't all external. There's a significant domestic conflict to manage: the need for seamless cooperation between the central government and the various state governments. Energy projects are executed on the ground, and that requires state-level approvals and support. This can be a major bottleneck.

Ema

Ah, the classic Centre-State coordination challenge. You can have the best federal policies in the world, but if you get bogged down in local permits and land acquisition issues, the project stalls. It’s often the last mile of implementation that's the hardest part of any major infrastructure push.

David

Minister Puri acknowledged this directly. He called for "mutual accountability" and stated that states enabling faster energy infrastructure should be celebrated as models of good governance. An Inter-Ministerial Round Table with 22 states was held specifically to address these issues and align everyone on the national energy goals.

Ema

So they are actively trying to smooth out these internal frictions. By framing it as a partnership and celebrating success, they are trying to turn a potential point of conflict into a collaborative effort. It’s a political challenge as much as it is an administrative one, requiring careful diplomacy at home.

David

Let's talk about the tangible impact of these strategies. The most immediate effect of diversifying from 27 to 40 crude import sources is a significant enhancement of India's energy security. The country is far less vulnerable to a supply shock from a single point of failure.

Ema

It's a buffer against volatility. When your suppliers are spread across different continents and political spheres, a crisis in one region doesn't automatically translate into a crisis at your petrol pump. This stability is incredibly valuable for a rapidly growing economy. It allows for better long-term planning.

David

This proactive stance has also changed India's role in the global market. Minister Puri, crediting the Prime Minister's leadership, stated that India's balanced approach has made it a "net stabilising force." By not making sudden, drastic changes to its import patterns, India helps prevent wild price swings globally.

Ema

That's a fascinating shift in perception. India is not just a consumer, but a responsible, heavyweight player whose actions can help calm the waters for everyone. It’s like being the steady hand at the table. This enhances its diplomatic and economic clout on the world stage.

David

Domestically, the impact of the policy reforms is about attracting investment. By simplifying rules with single-window clearances and making contracts more favorable, the goal is to make India's upstream sector globally competitive. The impact is measured by the flow of private and foreign capital into exploration.

Ema

And that capital brings with it not just money, but also technology and expertise. When a global major invests, they bring their best geologists, their most advanced drilling technology, and their decades of experience. This has a powerful ripple effect, upgrading the skills and capabilities of the entire domestic industry.

David

Exactly. The MoUs are a perfect example of this. The collaboration between bp and ONGC isn't just a contract; it's a transfer of knowledge in advanced geological surveying. The impact is a deeper understanding of India's own subsurface geology, which is invaluable for future exploration efforts, regardless of who undertakes them.

Ema

And the impact of democratizing data through the National Data Repository could be revolutionary. It levels the playing field, allowing smaller, innovative players to compete with established giants. This could lead to unexpected discoveries and more efficient extraction methods, ultimately lowering costs and boosting domestic production.

David

The cumulative impact of these measures is intended to de-risk exploration investment. From providing better data 'maps' to clarifying the rules and ensuring a stable policy regime, each step is designed to build investor confidence. The government is essentially telling the world, "This is a safe and profitable place to invest."

David

Looking to the future, the most exciting prospect is India's ambition in offshore energy. Minister Puri made a very bold statement, expressing confidence that India will find "several fields of the size of Guyana," particularly in the Andaman Basin. That's a huge claim.

Ema

The Guyana basin was one of the biggest oil discoveries of the last decade! It completely transformed Guyana's economy. To suggest a similar potential in the Andaman Sea is incredibly optimistic. It paints a picture of a future where India could become a significant oil producer itself, not just a consumer.

David

This optimism is rooted in the expanding access to high-quality geoscientific data and the new, supportive policies. The goal is clear: India wants to establish itself as the next credible frontier for deepwater oil and gas exploration, leveraging its large, predictable demand as a key advantage.

Ema

And they're backing this ambition with serious money. The plan is to attract an envisaged investment of ₹30 to ₹35 lakh crore over the next 10 years. That’s an astronomical sum, something like 400 billion US dollars, across the entire energy value chain. It’s a vision for a massive transformation.

David

This investment will be pivotal for developing the necessary infrastructure, from offshore rigs to pipelines and refineries. The period between now and 2035 is seen as a critical window for this build-out, requiring proactive participation from both the public and private sectors, and strong Centre-State alignment.

David

So, to summarize, India is executing a multi-layered strategy. It's managing present geopolitical risks through diversification, while simultaneously rolling out ambitious domestic reforms to attract investment and unlock its own hydrocarbon potential, with a keen eye on deepwater exploration as the next major frontier.

Ema

It's a bold, pragmatic plan to power its own growth and secure its place as a leading, and stabilizing, force in the global energy market. The announcements at Urja Varta 2025 have set a clear and ambitious course for the decade ahead. That's all the time we have for today.

David

That's the end of today's discussion. Thank you for listening to Goose Pod. See you tomorrow.

## India Charts Bold Upstream Energy Strategy at Urja Varta 2025 **Report Provider:** Press Information Bureau (PIB) **Date:** July 17, 2025 **Topic:** Economy, Business, Energy This report details the comprehensive strategy for India's upstream oil and gas sector, as outlined by the Minister of Petroleum and Natural Gas, Shri Puri, at the Urja Varta 2025 conclave. The strategy focuses on strengthening exploration and production (E&P), enhancing energy resilience, and fostering international cooperation. ### Key Highlights and Strategies: * **Energy Security and Diversification:** * India has proactively diversified its crude oil import sources from 27 to **40 countries** to ensure uninterrupted energy access amidst global geopolitical disruptions like the Russia-Ukraine conflict and Middle East tensions. * Shri Puri emphasized that Russia remains a top oil producer with an output exceeding **9 million barrels per day**. He warned that its sudden removal from the global market (totaling approximately **97 million barrels per day**) would have caused chaos, potentially pushing prices to between **$130–$200 per barrel**. * India has not purchased any sanctioned cargo, and Russian oil is not under global sanctions but a price cap, reflecting market realities. * India's balanced approach, attributed to PM Modi's leadership, has positioned the country as a **net stabilizing force** in global energy markets. * **Upstream Sector Reforms:** * Over the last decade, transformative policy reforms have been introduced to make India's upstream sector globally competitive. * Key reforms include the reimagined exploration framework under the **Oilfields Regulation and Development Act (ORDA)**, featuring a co-designed approach, a single lease and approval mechanism, transparent operational rules, and a **"no-sit" clause** to eliminate inactive acreage. * These measures, integrated with the revised **Petroleum and Natural Gas Rules (PNG Rules 2025)** and **Model Revenue Sharing Contracts (MRSC)**, aim to simplify business operations and attract private investment. * The **Hydrocarbon Exploration and Licensing Policy (HELP)** and amendments to the ORD Act have opened nearly **1 million square kilometers** of previously inaccessible "No-Go" areas to exploration. * **Offshore Energy Ambitions:** * India sees significant hydrocarbon potential in the **Andaman Basin**, drawing comparisons to the prolific Guyana basin. Shri Puri expressed optimism about finding **"several fields of the size of Guyana"** in the Andaman Sea. * This confidence is supported by expanding access to high-quality geoscientific data, robust regulatory support, and policy incentives to de-risk exploration investments. * India aims to become the next credible frontier for deepwater oil and gas exploration by leveraging scale, demand continuity, and global partnerships. * **Enhancing Subsurface Intelligence:** * India is focusing on enhancing subsurface intelligence through the expansion and modernization of its seismic database. * This includes conducting extensive seismic surveys, adopting advanced technologies, and democratizing data access through the **National Data Repository**. * These efforts are crucial for increasing investor confidence and promoting transparent, data-driven decision-making in exploration. * **Addressing Long-Term Supply Security:** * Regarding sanctions on Iran and Venezuela, Shri Puri questioned the permanence of such restrictions and highlighted the emergence of new oil sources from countries like **Brazil, Guyana, and Canada**. * The global oil market is becoming more diversified and resilient, and India is well-prepared to manage any volatility. * **Centre-State Cooperation:** * State governments play a crucial role in facilitating energy development projects. Shri Puri called for mutual accountability and stronger Centre-State cooperation, advocating for states that enable faster energy infrastructure to be recognized as models of good governance. ### Urja Varta 2025 Conclave: * The second edition of Urja Varta 2025, India's premier upstream oil and gas conclave, was held at Bharat Mandapam, New Delhi, with over **700 participants**. * The event's theme was **"Collaborate, Innovate, Synergize."** * **Key Announcements and Launches:** * Unveiling of revised PNG Rules and MRSC to enhance policy clarity and investor confidence. * Commencement of **Hydrocarbon Resource Assessment Studies** using globally benchmarked methodologies. * Exchange of key MoUs, including between **bp and ONGC** for stratigraphic well studies, and between **DGH and NIC** for a cloud-based National Data Repository. * Release of the **India Hydrocarbon Outlook 2024–25**, the 32nd edition of DGH's flagship report. * An **Inter-Ministerial Round Table** with 22 participating States and Union Territories was held on the sidelines to explore energy sector opportunities. ### Investment and Demand Outlook: * India's energy demand is significant and growing, contributing **16% to the global increase in oil demand** in the last five years and expected to account for nearly **25% of incremental global energy demand through 2045**. * India has invested over **₹4 lakh crore** in energy infrastructure over the past decade. * An envisaged investment of **₹30–35 lakh crore** is planned over the next **10 years** for energy infrastructure development. * The period between **2025 and 2035** will see significant investments across the hydrocarbons value chain, requiring proactive participation from states. ### Conclusion: Urja Varta 2025 reaffirmed India's commitment to building a robust, transparent, and investor-friendly upstream energy ecosystem. Through sustained reforms, international collaboration, advanced technology, and visionary policymaking, India is positioning itself as a global energy leader.

Read original at PIB →

Ministry of Petroleum & Natural Gas Minister Puri Highlights Reforms, Diversification, and Global Collaboration for a Secure Energy FutureOur states are the core of India’s energy transformation and transition: said Shri PuriPosted On:17 JUL 2025 6:40PM by PIB DelhiMinister of Petroleum and Natural Gas Minister Puri laid out India’s comprehensive strategy for strengthening upstream exploration and production (E\&P), energy resilience, and international cooperation while speaking in a fireside chat session organised on sidelines of Urja Varta 2025.

Addressing questions on India’s energy security posture amid global geopolitical disruptions such as the Russia-Ukraine conflict and tensions in the Middle East, Shri Puri stated that India had proactively expanded its crude import sources from 27 to 40 countries. This diversification, he said, is a key measure to ensure uninterrupted energy access during periods of global turbulence.

On the topic of Russian oil imports, he clarified that Russia remains one of the world’s top oil producers with an output exceeding 9 million barrels per day. He warned that a sudden removal of this supply from the global market—out of a total of approximately 97 million barrels per day—would have created chaos, pushing prices to between $130–$200 per barrel.

Shri Puri categorically stated that India has never purchased any sanctioned cargo and that Russian oil was not under global sanctions but only a price cap, carefully structured to reflect ground realities of the international energy supply chain. He credited PM Modi’s leadership for India’s proactive and balanced approach, which has made the country a net stabilising force in global energy markets.

Shri Puri highlighted a series of transformative policy reforms introduced over the last decade to make India’s upstream sector globally competitive. Among the major changes, he mentioned the reimagined exploration framework under the Oilfields Regulation and Development Act (ORDA), characterised by a co-designed approach, a single lease and approval mechanism, transparent operational rules, and the introduction of a “no-sit” clause to eliminate inactive acreage.

These measures, integrated with the revised Petroleum and Natural Gas Rules (PNG Rules 2025) and the Model Revenue Sharing Contracts (MRSC), aim to simplify business operations and attract private investment. The Minister acknowledged that the Hydrocarbon Exploration and Licensing Policy (HELP) and amendments to the ORD Act have opened nearly 1 million square kilometres of previously inaccessible “No-Go” areas to exploration, thereby unlocking significant resource potential.

Reaffirming India’s ambitions in offshore energy, Shri Puri spoke of the significant hydrocarbon potential of the Andaman Basin, drawing comparisons with the prolific Guyana basin. He expressed strong optimism, stating, “I am positive we will find several fields of the size of Guyana, particularly in the Andaman Sea.

” This confidence is rooted in India’s expanding access to high-quality geoscientific data, robust regulatory support, and policy incentives aimed at de-risking exploration investments. He underscored India’s goal of becoming the next credible frontier for deepwater oil and gas exploration by leveraging scale, demand continuity, and global partnerships.

The Minister elaborated on India’s focus on enhancing subsurface intelligence through the expansion and modernisation of the country’s seismic database. He highlighted the government’s thrust on conducting extensive seismic surveys, adopting advanced technologies, and democratising data access through the National Data Repository.

These efforts, he said, are central to ensuring greater investor confidence and fostering transparent, data-driven decision-making in exploration.Responding to concerns around long-term supply security in light of ongoing sanctions on Iran and Venezuela, Shri Puri questioned the permanence of such restrictions and drew attention to the emergence of new sources of oil from countries like Brazil, Guyana, and Canada.

He asserted that the global oil market is gradually becoming more diversified and resilient, and reassured stakeholders that India is well-prepared to manage any volatility or disruptions that may arise.On the domestic front, Shri Puri underlined the crucial role played by State governments in facilitating energy development projects.

He called for mutual accountability and stronger Centre-State cooperation, adding that States that enable faster energy infrastructure should be celebrated as models of good governance.The second edition of Urja Varta 2025, India’s premier upstream oil and gas conclave, was held today at Bharat Mandapam, New Delhi.

Organised by the DGH (DGH) under the patronage of the MoPNG (MoPNG), the event brought together over 700 participants including Union and State Ministers, senior officials, global industry leaders, domain experts, and media professionals. With the theme “Collaborate, Innovate, Synergize,” the conclave served as a dynamic platform for dialogue, technical exchange, and strategic visioning around India’s energy roadmap.

A series of major announcements and launches marked the event. Shri Puri unveiled the revised PNG Rules and MRSC, aimed at enhancing policy clarity, boosting investor confidence, and furthering Ease of Doing Business. He also announced the commencement of Hydrocarbon Resource Assessment Studies using globally benchmarked methodologies to better estimate India’s resource base.

Key MoUs were exchanged during the conclave, including one between bp and ONGC for stratigraphic well studies to deepen understanding of India’s subsurface geology, and another between DGH and NIC to establish a cloud-based National Data Repository for transparent and centralised upstream data management.

The Minister also released the India Hydrocarbon Outlook 2024–25, the 32nd edition of DGH’s flagship report, which provides data-driven insights for shaping future E\&P strategies and investment decisions.As part of the conclave’s innovation showcase, Shri Puri visited the Exhibition Gallery and Innovation Center, which featured over 50 technical posters and more than 15 innovative solutions presented by E\&P operators, start-ups, and academic institutions.

He interacted with several participants and acknowledged the importance of continuous technological innovation in shaping the future of India’s upstream industry.Inter-Ministerial Round Table with Partner States Held on Sidelines of Urja Varta 2025Reflecting the true spirit of cooperative federalism under the visionary leadership of PM Modi, an Inter-Ministerial Round Table was organised on the sidelines of Urja Varta 2025 to explore energy sector opportunities across states.

Ministers and senior officials from 22 States and Union Territories participated in the deliberations.Speaking at the Round Table, Union Minister of Petroleum and Natural Gas Minister Puri underlined the central role of states in driving India’s energy transformation. “Our states are the core of India’s energy transformation and transition,” he said.

Highlighting the rising energy demand and the vast scope for investment, the Minister noted, “In the last five years, India has contributed 16% to the global increase in oil demand and is expected to account for nearly 25% of the incremental global energy demand through 2045. Our demand is not only large—it is structured, predictable, and responsible.

”Shri Puri further informed that India has invested over ₹4 lakh crore in energy infrastructure over the past decade. “These investments have not only strengthened national capacity but also created tangible value at the state level,” he said. With an envisaged investment of ₹30–35 lakh crore over the next 10 years, the coming decade will be pivotal for energy infrastructure development across the country.

Between 2025 and 2035, India is expected to witness significant investments across the entire hydrocarbons value chain. “These investments will require leadership and proactive participation from states. While the Centre remains committed to supporting these efforts through funding, policy, and coordination, we must collectively address recurring challenges,” Shri Puri emphasised.

Urja Varta 2025 reaffirmed India’s steadfast commitment to building a robust, transparent, and investor-friendly upstream energy ecosystem. Through sustained reforms, international collaboration, advanced technology, and visionary policymaking, India continues to position itself as a global energy leader under the leadership of PM Modi.

***MONIKA(Release ID: 2145595)

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