'National interests' guide oil imports, not single sources: Foreign Secretary Vikram Misri

Foreign Secretary Vikram Misri emphasized that India's approach to oil imports is driven by national interests rather than reliance on single sources. In a recent statement, Misri highlighted that the country's energy strategy is centered on ensuring the availability of sufficient resources, securing fair pricing, and maintaining a reliable supply chain for consumers. This approach is designed to bolster India's energy security in a rapidly changing global landscape. As part of this strategy, India is actively diversifying its energy sources. By expanding its import portfolio, the nation aims to mitigate risks associated with geopolitical tensions and market volatility. This diversification not only provides a buffer against supply disruptions but also enhances India's bargaining power in the global energy market, enabling it to negotiate more favorable terms and conditions. Moreover, Misri's remarks underscore the importance of a balanced energy policy that prioritizes both economic stability and environmental sustainability. By exploring alternative energy sources and investing in renewable technologies, India is positioning itself to meet future energy demands while reducing its carbon footprint. This holistic approach reflects a commitment to long-term energy resilience and aligns with global efforts to transition towards cleaner energy solutions.

— Authored by Next24 Live