PM Modi Urges India to Reduce Crude Oil Dependence

Prime Minister Narendra Modi has called for greater domestic resource exploration and energy self-reliance, arguing that India’s dependence on imported crude oil is partly linked to past limitations in exploring its own natural resources.

Addressing the nation from the Red Fort on Independence Day, Modi said countries can be constrained not only by a shortage of resources but also by the way they approach available resources.

The government has now opened nearly 99% of its offshore territory, previously classified as “no-go areas”, for exploration and is working to identify new reserves. This move is aimed at reducing India's dependence on imported crude oil and strengthening energy security.

Modi also highlighted the expansion of alternative energy sources, including nuclear power, solar energy, and piped gas. India is targeting 200 GW of nuclear energy and is working on five new nuclear reactors.

The number of cities with piped gas distribution has increased from around 70 before 2014 to about 700 today. Household access has also expanded, with the government working to connect nearly 1.75 crore households compared with around 20-22 lakh earlier.

Solar power has seen a major increase as well, with India’s solar capacity rising to 160 GW from around 2 GW 12 years ago. More than 50 lakh households are now covered by solar energy.

The Prime Minister also highlighted efforts to reduce dependence on foreign sources of critical minerals and semiconductors. India is emerging as a supplier of critical minerals to other countries, and three major semiconductor plants have already started operations.

Modi renewed his call for citizens to support domestic products under the “Vocal for Local” campaign, arguing that greater reliance on Indian-made goods would support the country's broader push for self-reliance.

The move to reduce dependence on imported crude oil is part of India's broader objective of strengthening energy security and becoming a developed nation by 2047.

In conclusion, Prime Minister Modi's call for reducing dependence on imported crude oil and expanding alternative energy sources is a significant step towards achieving energy self-reliance and strengthening India's energy security.

This move is expected to have a positive impact on India's economy and environment, and will help the country achieve its goal of becoming a developed nation by 2047.