India’s Hydrocarbon Outlook 2024 188 A Report on Exploration & Production Activities Ease of Doing Business - Expediting Clearances for E&P Operations 8 8.0 Towards Development: Efficient Statutory Clearances related to environment in Oil & Gas The oil and gas sector, a vital component of India’s core industries, plays a significant role in shaping economic decision-making across various sectors. As India’s economic growth accelerates, its energy demand increases, underscoring the rising need for oil and gas and presenting considerable investment opportunities. However, this development must be balanced with robust environmental protection and sustainable development practices. Implementing advanced technologies to reduce emissions, adhering to stringent regulatory standards, and fostering ecosystem restoration initiatives are essential to minimize the sector’s environmental impact. In this context, obtaining prior statutory approvals from the relevant authorities is crucial for ensuring environmental protection. The oil and gas sector, a vital component of India’s core industries, plays a significant role in shaping economic decision-making across various sectors.
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