India On Track To Become World’s Second-Largest Refining Power By 2035: Petroleum Minister

 


India is poised to become the world’s second-largest oil refining hub by 2035, according to Petroleum and Natural Gas Minister Hardeep Singh Puri. With major capacity expansions underway and continued investments in downstream infrastructure, India aims to strengthen its energy security and meet rising domestic demand. 


Puri highlighted that the country’s refining capacity is projected to increase from the current 256 million tonnes per annum to over 450 million tonnes, positioning India just behind the United States. The minister emphasized that India’s energy transition strategy focuses on a balanced mix of traditional fuels and clean energy to support sustainable growth and global supply stability.

Comments

Post a Comment

Popular posts from this blog

India's Ascent: A Future Giant in Consumer Markets

Image
  India, a land of vibrant culture and rich diversity, is poised to emerge as a powerhouse in the global consumer market. With projections indicating that it will surpass Germany and Japan to claim the third position by 2026, the country’s trajectory is nothing short of remarkable. The driving force behind India’s ascent lies in its demographic dividend. With a youthful population comprising a significant portion of its nearly 1.4 billion people, India boasts a burgeoning middle class with increasing purchasing power. This demographic dividend is fueling consumption across various sectors, from automobiles to electronics, from fashion to food products. Urbanization further amplifies India’s potential as a consumer market. Rapid urban growth is transforming the landscape, creating a plethora of opportunities for businesses to cater to the evolving needs and preferences of urban dwellers. As cities expand and infrastructural development accelerates, access to goods and services becom...
Read more

UAE: The World’s Smartest Place to Build & Belong

Image
  Discover why the UAE is the world’s smartest place to work, live, and innovate. Learn about its clear national blueprint for talent, startup growth, visas, quality of life, and global connectivity. The UAE has rapidly emerged as one of the world’s most attractive destinations for global talent and startups. With a clear, government-backed blueprint for growth, the country offers an environment where innovation, entrepreneurship, and world-class talent thrive in harmony. Unlike ad-hoc policies seen elsewhere, the UAE’s approach is long-term, coordinated, and designed to convert opportunities into sustainable growth for individuals and businesses alike. A Clear National Blueprint for Global Talent At the core of the UAE’s success is its structured approach to attracting global talent. The government has laid out a long-term vision that integrates public and private sectors, ensuring alignment between policy and business needs. This means startups and established companies alike can...
Read more

Why the UAE is the Best Place for Indian Entrepreneurs to Start and Grow a Business

Image
  The UAE offers exceptional opportunities for Indian entrepreneurs looking to expand globally. With favorable policies, strategic positioning, and a dynamic economy, the UAE provides a robust platform for businesses to thrive. Strategic Location & Global Market Access The UAE’s location at the crossroads of Asia, Africa, and Europe gives businesses access to over 3 billion potential customers within an eight-hour flight. This geographic advantage is enhanced by world-class logistics infrastructure, including state-of-the-art ports and airports, making it an ideal base for Indian entrepreneurs seeking global reach. Zero Tax & 100% Foreign Ownership One of the most attractive features of the UAE is its tax-free business environment, especially in Free Zones, where entrepreneurs enjoy zero corporate taxes, customs exemptions, and 100% foreign ownership. Recent reforms have extended this benefit to various Mainland sectors, providing more control for Indian entrepreneurs over ...
Read more