BackHamid Ansari for intensive debate on energy challenges facing India
Speaking at a book launch, Ansari said much more needs to be done to focus on the country's energy security
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New Delhi: Vice-president Hamid Ansari on Wednesday urged a more intensive debate on energy challenges facing India, which sources as much as 80 % of its requirements from abroad and is on the lookout for newer sources of fuel to power its economy.
Speaking at the launch of the book The Political Economy of Energy and Growth, edited by Delhi’s lieutenant governor Najeeb Jung, which was presented to former finance secretary and secretary in the petroleum ministry Vijay Kelkar, Ansari said “much more needs to be done to focus on the country’s energy security."
The book, which is a compendium of articles written by energy security analysts from India and abroad including former Indian oil minister Mani Shankar Aiyar, looks at the trends in the global oil market, the energy scenario in India and South Asia and the co-relation between energy and the environment besides other issues.
Oil diplomacy, the political economy of reforms, the interaction between macroeconomic policies and the energy sector, technology challenges, and innovations in oil industry are the other issues that the book focuses on.
According to the external affairs ministry, India sources 180 million tonnes (mt) of crude oil annually from abroad which is about 80% of its requirements. Some of the main countries from where India sources its oil include Saudi Arabia and Iraq besides the United Arab Emirates.
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