Energising Indian manufacturing

Energy security is a crucial issue for every country today, even more so for India at its current stage of development. At present, there is a growing concern about the future of energy to fuel the growing global economy, with an increasing population ratio and higher incomes. These concerns stem from the growing scarcity of conventional fossil fuels, which has a direct impact on oil prices, which has escalated to around $100 per barrel. Also, higher level of air pollution, resulting from diverse use of energy, has dramatically increased the awareness on the global threat of climate change. These concerns are leading to fierce competition to procure fossil fuel resources in different locations, with various countries attempting to assert control over these resources through market measures and political or military means.

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