Modi Unveils Amendments to Oilfields Regulation Act to Boost India's Energy Sector
1536+ Words Refined into 7 Facts by AI • 2 sources • 5h ago
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- Modi announced amendments to the ORDA for policy stability and extended leases.
- The amendments await approval from the Lower House after passing the Rajya Sabha.
- India's energy ambitions are based on five pillars, including innovation and sustainability.
- Goals include adding 500 gigawatts of renewable energy capacity by 2030.
- India plans to expand refining capacity by 20% as the fourth-largest refiner.
- The PLI scheme has boosted solar PV module production from 2 gigawatts to 70 gigawatts.
- Modi highlighted the promotion of non-lithium batteries and nuclear energy.
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