Business Today

"Our approach is simple Diversify Sourcing"

Petroleum and natural gas Minister Dharmendra Pradhan, in an email interview with Anilesh S. Mahajan, explains India's energy diplomacy, strategy for renewable energy, new policies for attracting capital and attempt to unshackle the public sector oil giants. Edited Excerpts

Prime Minister Narendra Modi has set an ambitious target of reducing hydrocarbon imports. What is the progress??

A: To reduce hydrocarbon imports, we pushed for increase in domestic production of oil & gas, promotion of bio fuel and renewables, conservation and demand substitution and improving refining capacity. The Hydrocarbon Exploration and Licensing Policy, Open

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