India Expects $67 Billion Investment in Gas Sector

08 Feb 2024 CW Team

Prime Minister Narendra Modi has revealed that India is poised to attract investments worth $67 billion in the gas sector over the next 5 to 6 years. This announcement underscores the government's commitment to promoting clean and sustainable energy solutions while driving economic growth and development. India's growing energy demand, coupled with its focus on reducing carbon emissions and enhancing energy security, has created significant opportunities for investment in the gas sector.

As the third-largest consumer of energy globally, India aims to leverage its vast natural gas reserves and strategic location to become a key player in the global gas market. The anticipated investments are expected to fuel the expansion of India's gas infrastructure, including pipelines, liquefied natural gas (LNG) terminals, and distribution networks. Additionally, these investments will support the development of gas-based industries, such as petrochemicals, fertilisers, and power generation, thereby boosting job creation and economic prosperity.

PM Modi's announcement reflects the government's vision to transform India into a gas-based economy, aligning with its ambitious goals for sustainable development and climate action. By attracting substantial investments in the gas sector, India aims to diversify its energy mix, reduce dependence on traditional fossil fuels, and mitigate environmental pollution. This significant investment commitment signals a promising future for India's gas sector and underscores the country's emergence as a key player in the global energy landscape.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..