Modi-Trump meet: Energy will be a strong component of India-US ties, says Puri
Subscribe to enjoy similar stories. New Delhi: With Prime Minister Narendra Modi set to meet US President Donald Trump, petroleum and natural gas minister Hardeep Singh Puri said energy will continue to be a very strong component of the India-US relationship and he is hopeful about the bilateral energy issue figuring in the prime minister's deliberations. Modi is scheduled to meet Trump on Thursday.
The US is currently the fifth largest oil supplier to India. During the April-November period of the ongoing fiscal, India imported $4.11 billion worth of crude oil from the US, 1.8% lower than $4.19 billion a year earlier. “As a layman, I'd be surprised if there isn’t a discussion on energy.
You’re already buying $20 billion worth (of energy). My answer to your question is, energy will continue to be a very strong component of the India-US relationship," Puri said in an interview on Wednesday. Also read | PM Modi to meet President Trump: Tariffs, immigration and defence talks on table | All you need to know Citing the strong participation of the US in the ongoing India Energy Week and discussions in the US-India Business Council’s roundtable, Puri said that American CEOs acknowledge the opportunity India offers.
“This is the main theme from most of the CEOs. India is the premier global opportunity on energy. Many of them are energy companies.
Some of them are in upstream, some into technology, some into financing. So, this is how the mood was in that huge roundtable," Puri said. On Russian oil supplies, which constitute about 38% of India’s oil imports, Puri said investments in Russia would result in a long-term gain.
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