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Vice President addresses First Convocation ceremony of Indian Institute of Petroleum and Energy

Visakhapatnam:21/1/22: The Vice President, Shri M. Venkaiah Naidu today called for increasing indigenous production of crude oil through strong R&D efforts to ensure energy security of the country.

Calling for ‘Atma Nirbharta’ in the country’s energy mix, Shri Naidu suggested focussing more on increasing domestic exploration of petroleum, harnessing the full potential of renewable sources and aiming for excellence and innovation in the energy industry.

Noting that India is the world’s third-largest consumer of crude oil and yet import-dependent for more than 80 percent of its needs, Shri Naidu underlined the importance of increasing production, not only to save foreign exchange but also to ensure energy security. He noted various policy reforms of the government such as the Hydrocarbon Exploration Licensing Policy (HELP) aimed at increasing exploration in new sedimentary basins.

The Vice President was attending the First Convocation ceremony of the Indian Institute of Petroleum and Energy (IIPE) in Visakhapatnam. IIPE is a dedicated university for petroleum research and was recognized as an Institution of National Importance in 2017 through an Act of Parliament.

Noting the impact of population and industrialisation on increased energy demand, Shri Naidu said that ‘India’s primary energy demand is expected to grow at an average rate of more than 3% till 2045 as compared to less than 1% growth for the rest of the world.’

In this regard, Shri Naidu called upon IIPE and other energy institutes to bridge the supply gap of skilled manpower for the petroleum sector and build stronger industry-institute linkages with the prominent market players.

He also suggested encouraging Ph.D. students to undertake research on problems faced by the industry and thus ‘bring a multi-disciplinary approach into academic research, which is the aim of National Education Policy 2020.’


Observing that India is blessed with ample renewable sources such as solar, wind and tidal power, the Vice President suggested fully tapping the potential of these sources of energy as part of the efforts to reduce the use of fossil fuels.

To achieve this, he suggested institutes specialising in energy should also seek to diversify their portfolio and take up projects which have a component of renewable energy research. “Even a tiny improvement in the efficiency of harnessing green sources will deliver great benefits of scale to our economy and ecology”, he noted.

The Vice President expressed confidence that IIPE will show the way forward by becoming an exemplar in the domain of energy research. He appreciated the efforts of the administration and complimented the graduating students for their achievements. Shri Naidu presented awards to the gold medalists from the batches 2016-20 and 2017-21.

On this occasion, the Vice President called for caution and utmost adherence to COVID-19 protocol as the country is going through the third wave of the pandemic. Appreciating the government’s efforts for vaccination, he called upon civil society groups, students, medical professionals, and others to reach out to as many people as possible and encourage people to get vaccinated. “It is now well established that vaccination drastically reduces the need for hospitalisation, including admission to ICU. Vaccination can indeed save lives,” he observed.

Shri Rameswar Teli, Union Minister of State for Petroleum and Natural Gas, Labour and Employment, Dr. Seediri Appala Raju, Andhra Pradesh Minister for Animal Husbandry and Fisheries & Dairies Development, Prof P.K. Banik, President of the Board of Governors, IIPE, Prof VSRK Prasad, Director, IIPE, Vice Chancellors of various Universities, other dignitaries and the graduating students participated in the event.


About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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