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21 (14)-684

I want to acknowledge the traditional owner of the land on which we stand today and pay my respect to their elders and their past and present. Premier Campbell Newman, Lord Mayor Graham Quirk and Friends,

Thank you very much for hosting this Reception. I am delighted to be present at this function. Congratulations to Brisbane for being such a wonderful host to G20. You did an outstanding job. I know that you have often lived in the shadow of Melbourne and Sydney. This week you have shown the world what a great city and host you are.

21 (4)-684 Today, I have started my bilateral visit to Australia and, I am pleased that it has begun here. Queensland is at the forefront of relations between India and Australia.

Earlier today, I had the privilege to unveil a statue of Mahatma Gandhi in Brisbane. This has added a special bond of emotion between us. This is a symbol of the values that we share; the ideals we aspire to; and, the world we wish to build. The credit for this strong partnership between India and Queensland goes to you, Premier Newman and Lord Mayor.

Your missions to India have been very productive and brought our businesses and our people closer. Several Queensland business delegations are visiting India this year. Queensland has emerged as a major source of key resources to power India`s growth development. It is also a major destination of Indian investments. You have supported partnership in education and skills.

Queensland`s universities and research institutions are collaborating closely with India. They have used the opportunities provided by Australia-India Strategic Research Fund well.

I went to Queensland University the other day and met some of your scientists and academics. The joint research we are doing will help our farmers, especially in dry areas, and contribute to food security in India. Queensland`s fruits and vegetables are really good. There is a lot of potential for us to work together.

I am joined on this visit by a delegation of business and academic leaders from India, who are forging strong partnerships with Australia and especially with Queensland.

I am grateful to you for looking after the Indian community of nearly 100,000. Some have been here for generations, some have come more recently. But, they are really happy here. They are the bridge of friendship and understanding between us.

We can also learn and gain a lot from each other in tourism. Lord Mayor, Brisbane has emerged as centre of advanced technology; at the same time Hyderabad is also known as Cyberabad. It is natural that the two cities have a sister-city relationship. I truly welcome the engagement between states and cities. Relations between countries can prosper fully only if we bring our states and cities together.

That is why I am also very keen to involve states in India in our international engagements.

21 (10)-684 Friends, This is an exciting moment in India. A moment filled with optimism; a desire for change and progress; and the confidence to achieve it. Driven by the energy and the enterprise of our youth. This is a time to forge partnerships in India. You will find a welcoming environment that not only makes it possible, but also easy and smooth.

Here in Brisbane and at this Reception, I feel the sentiment of friendship between our people and the promise of a strong partnership in the years ahead.

I want to thank you once again for the warmth of your welcome and your hospitality.

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PM interacts with CEOs and Experts of Global Oil and Gas Sector
October 20, 2021
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Our goal is to make India Aatmanirbhar in the oil & gas sector: PM
PM invites CEOs to partner with India in exploration and development of the oil & gas sector in India
Industry leaders praise steps taken by the government towards improving energy access, energy affordability and energy security

Prime Minister Shri Narendra Modi interacted with the CEOs and Experts of the global oil and gas sector earlier today, via video conferencing.

Prime Minister discussed in detail the reforms undertaken in the oil and gas sector in the last seven years, including the ones in exploration and licensing policy, gas marketing, policies on coal bed methane, coal gasification, and the recent reform in Indian Gas Exchange, adding that such reforms will continue with the goal to make India ‘Aatmanirbhar in the oil & gas sector’.

Talking about the oil sector, he said that the focus has shifted from ‘revenue’ to ‘production’ maximization. He also spoke about the need to enhance  storage facilities for crude oil.  He further talked about the rapidly growing natural gas demand in the country. He talked about the current and potential gas infrastructure development including pipelines, city gas distribution and LNG regasification terminals.

Prime Minister recounted that since 2016, the suggestions provided in these meetings have been immensely useful in understanding the challenges faced by the oil and gas sector. He said that India is a land of openness, optimism and opportunities and is brimming with new ideas, perspectives and innovation. He invited the CEOs and experts to partner with India in exploration and development of the oil and gas sector in India. 

The interaction was attended by industry leaders from across the world, including Dr. Igor Sechin, Chairman & CEO, Rosneft; Mr. Amin Nasser, President & CEO, Saudi Aramco; Mr. Bernard Looney, CEO, British Petroleum; Dr. Daniel Yergin, Vice Chairman, IHS Markit; Mr. Olivier Le Peuch, CEO, Schlumberger Limited; Mr. Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited; Mr Anil Agarwal, Chairman, Vedanta Limited, among others.

They praised several recent achievements of the government towards improving energy access, energy affordability and energy security. They appreciated the leadership of the Prime Minister towards the transition to cleaner energy in India, through visionary and ambitious goals. They said that India is adapting fast to newer forms of clean energy technology, and can play a significant role in shaping global energy supply chains. They talked about ensuring sustainable and equitable energy transition, and also gave their inputs and suggestions about further promotion of clean growth and sustainability.