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WASHINGTON, Apr 06, 2006 -- AsiaPulse
India is in the process of drafting an integrated energy policy to provide a roadmap for meeting its growing energy needs in an environmentally sustainable manner. He said the country has crafted a multi-pronged strategy to counter the challenge of fuelling economic growth and this strategy would include a conscious shift to promote larger public-private participation in oil and gas. "Our policy has been carefully evolved to create a level-playing field for all the participants in the sector. With the recent passage of the Petroleum and Natural Gas Regulatory Board Bill in our Parliament, agencies to regulate and monitor the midstream and downstream sectors of oil and gas are being put in place," he said in an address on the occasion of the Annual General Meeting of the US Energy Association here. Deora said the energy security concerns of India to fuel the targetted economic growth also take into account preservation of the environment. "India cradling a sixth of world's population is also its sixth largest consumer. The Structural Adjustments initiated in the country's policy making in the 1990s initiated a process of visible economic change in India. With the National Common Minimum Programme and its various policies for stimulating and sustaining growth, India is poised to achieve a sustained GDP growth rate of 8 per cent this year, and may be even higher in the future." (PTI) News Provided By |
