In his address at the 12th Public Sector Enterprises (PSE) Summit in Delhi, Minister of Petroleum and Natural Gas, Shri Hardeep Singh Puri, expressed India's ambitions to become the third-largest economy globally within the next five years and a developed nation by 2047. He attributed this growth trajectory to robust reforms and the contributions of Public Sector Enterprises (PSEs). The Minister highlighted the significant performance of PSEs, showcasing increases in net worth, contributions to the national exchequer, and market capitalization under the leadership of Prime Minister Narendra Modi. Emphasizing sustainability, the Minister outlined key principles for India's energy sector: availability, affordability, and sustainability. He lauded the progress in bioethanol blending, aiming for 20% blending by 2025 and discussed post-2025 strategies for the bioethanol sector. While acknowledging the transition to cleaner energy sources, the Minister recognized the role of fossil fuels in the energy mix and the need for a balanced approach. He also highlighted major reforms in the Exploration and Production sector, opening new areas for oil and gas exploration. Additionally, the Minister emphasized India's potential in green hydrogen production and the integration of Artificial Intelligence in the energy sector. The Minister commended the Confederation of Indian Industry (CII) for empowering PSEs through summits, emphasizing the importance of collaborative efforts for sustainable growth and progress.