In Short : MEA spokesperson Randhir Jaiswal stated that India’s energy sourcing decisions are primarily guided by affordability, market conditions, and energy security considerations. The country evaluates energy options based on cost-effectiveness, availability, and reliability, balancing domestic production and imports. This approach ensures India meets its growing energy demand while maintaining economic sustainability and strategic energy security objectives.
In Detail : India’s energy strategy is centered on ensuring a reliable, affordable, and secure supply of electricity and fuels to meet the needs of its growing population and economy. The Ministry of External Affairs (MEA) emphasizes that market dynamics play a crucial role in sourcing decisions.
According to MEA spokesperson Randhir Jaiswal, the government considers multiple factors such as cost, availability, reliability, and geopolitical considerations when selecting energy sources. This allows India to optimize its energy mix efficiently.
Affordability remains a primary guiding principle. India aims to minimize the cost of energy procurement while ensuring uninterrupted supply for industrial, commercial, and household consumption. Balancing cost and security is critical in sustaining economic growth.
Market conditions, including global energy prices and supply-demand dynamics, directly influence procurement strategies. India evaluates energy imports, domestic production, and long-term contracts to ensure competitive pricing and stable supply.
Energy security considerations are integral to India’s sourcing approach. The country seeks a diversified energy mix across coal, natural gas, renewable energy, and imports to reduce dependency on a single source or region.
Renewable energy increasingly features in India’s energy portfolio. While affordability and market viability are assessed, solar, wind, and hydro projects are promoted to balance energy security with sustainability goals and climate commitments.
The government actively monitors global energy markets to respond to volatility in oil, gas, and coal prices. This market-driven approach ensures that procurement strategies remain flexible and resilient in the face of changing international conditions.
India also evaluates long-term strategic partnerships with energy-producing countries to secure reliable supplies. This includes contracts, investments in foreign energy projects, and technology cooperation to strengthen energy resilience.
Overall, India’s energy sourcing is a carefully calibrated strategy that balances affordability, market dynamics, and security concerns. This approach allows the country to meet its growing energy demand sustainably while safeguarding economic and strategic interests.
