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PM’s statement prior to his departure to Kazakhstan

Published By : Admin | June 7, 2017 | 19:29 IST
PM Narendra Modi to visit Kazakhstan for SCO Summit
India set to become a full Member of the SCO
Look forward to deepening India’s association with the SCO, says PM Narendra Modi

Following is the text of the Prime Minister, Shri Narendra Modi’s departure statement prior to his visit to Kazakhstan.

"I will travel to Astana, Kazakhstan for two days on 8-9 June for the Summit meeting of the Shanghai Cooperation Organization (SCO).

At this meeting, on completion of the process, India will become a full Member of the SCO upon which SCO will represent over 40% of humanity and nearly 20% of global GDP.

We launched the process of full membership in Tashkent meeting of the SCO last year. I look forward to deepening India’s association with the SCO which will help us in economic, connectivity and counter-terrorism cooperation, among other things.

We have long-standing relations with SCO members and look forward to progressing them further through the SCO for mutual betterment and growth of our countries and our people.

Together, we will harvest new opportunities for beneficial engagement and redouble efforts to address common challenges that may come in the way of realizing our full potential.

On evening of June 9, I will also attend the inauguration of the Astana Expo with the theme of “Future Energy”."

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During the interaction, the CEOs expressed strong confidence in India’s growth trajectory. They conveyed their keen interest in expanding and deepening their business presence in India, citing policy stability, reform momentum, and long-term demand visibility.

Welcoming the CEOs, Prime Minister said that these roundtables have emerged as a key platform for industry-government alignment. He emphasized that direct feedback from global industry leaders helps refine policy frameworks, address sectoral challenges more effectively, and strengthen India’s position as an attractive investment destination.

Highlighting India’s robust economic momentum, Prime Minister stated that India is advancing rapidly towards becoming the world’s third-largest economy and will play a decisive role in the global energy demand-supply balance.

Prime Minister drew attention to significant investment opportunities in India’s energy sector. He highlighted an investment potential of around USD 100 billion in exploration and production, citing investor-friendly policy reforms introduced by the government. He also underscored the USD 30 billion opportunity in Compressed Bio-Gas (CBG). In addition, he outlined large-scale opportunities across the broader energy value chain, including gas-based economy, refinery–petrochemical integration, and maritime and shipbuilding.

Prime Minister observed that while the global energy landscape is marked by uncertainty, it also presents immense opportunity. He called for innovation, collaboration, and deeper partnerships, reiterating that India stands ready as a reliable and trusted partner across the entire energy value chain.

The high-level roundtable saw participation from 27 CEOs and senior corporate dignitaries representing leading global and Indian energy companies and institutions, including TotalEnergies, BP, Vitol, HD Hyundai, HD KSOE, Aker, LanzaTech, Vedanta, International Energy Forum (IEF), Excelerate, Wood Mackenzie, Trafigura, Staatsolie, Praj, ReNew, and MOL, among others. The interaction was also attended by Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri and the Minister of State for Petroleum and Natural Gas, Shri Suresh Gopi and senior officials of the Ministry.