more-inThe government will soon get Cabinet approval for the setting up of a high-powered think tank under the Ministry of Petroleum to look into key issues such as the setting up of a gas network across the country, Petroleum Minister Dharmendra Pradhan said on Tuesday. Mr. Pradhan also reiterated Prime Minister Narendra Modi’s commitment to the COP 21 agreement concluded at the Paris leg of the climate change conference. “We are forming an internal think tank for advice on technology, setting up a gas network, attracting more FDI in the sector, reducing India’s oil imports by 10%, and developing innovative new models of financing projects,” Mr. Pradhan told reporters. The members of this think tank will include ICICI Bank MD and CEO Chanda Kocchar, New Development Bank chief K.V. “This shows the size and potential of the Indian market,” Mr. Pradhan said.

Source: The Hindu October 10, 2017 16:21 UTC