India Energy Week 2024 to highlight latest development in energy sector

India Energy Week 2024 to highlight latest development in energy sector

17 Energy Ministers from different countries to speak on future roadmap

  • By ICN Bureau | January 30, 2024

India today on the energy front presents the picture of confidence of positive growth of solutions in many areas. India Energy Week (IEW) represents a golden opportunity to showcase these developments on the energy front and provide the platform for further development and growth in the energy sector, said Hardeep Singh Puri, Minister of Petroleum & Natural Gas, Govt. of India.

Briefing the media about the important features of 2nd Edition of India Energy Week, being organised in Goa from 6th February to 9th February 2024, Puri said IEW 24 is expected to witness 17 Energy Ministers from different countries, 35,000+ attendees, more than 900 exhibitors. “I am pleased to share that this time we will have dedicated 6 country pavilions namely Canada, Germany Netherlands, Russia, UK and USA”, he added.

The Minister said that during IEW 2024, a special Make in India Pavilion is being organized with more than 300 exhibitors to showcase innovative solutions Indian MSMEs are spearheading in the energy sector. He said, with the number of domestic and international participants this gives them an unparalleled platform to demonstrate their abilities to both domestic and international markets.

Highlighting the increase in scale of the event as compared to first edition, the Minister noted that the number of exhibitors for this IEW 24’ is expected to be more than 900 (30% growth). There is 25% increase in exhibition area (IEW’24 – 18, 500 sqm and IEW’23 15, 000 sqm) resulting in 46% increase in revenue from exhibition, he said.

Noting the significant rise in private sponsorship, Puri informed that there has been 81% increase in total revenue from private firms and a 44% increase in number of private sponsors (IEW’24 – 13 and IEW’23 – 9) resulting in more than 3 times private sponsorship revenue than last year.

Under the technical sessions, Puri noted that the number of submission papers received has doubled from 1000 for IEW 2023 to 2000 for IEW 2024.

“Four new technical categories have been added including Shipping, Logistic & Supply Chain, Manufacturing & Industrialization, Future Mobility and Mining & Minerals in line with domestic priorities,” Puri noted.

The Minister spoke about Avinya, an Energy startup challenge organized by Ministry of Petroleum and Natural Gas, for startups from the energy sector.

The event also features an Increased focus across energy value chain, including 3 sessions on Biofuels, 3 sessions on Hydrogen and 2 sessions in CCUS, he said.

Speaking at the event, Puri also talked about the importance of biofuels, green Hydrogen especially in context of growth of country’s economy in coming years.

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