Energy security is the association between national security and the availability of natural resources for energy consumption. Access to cheap energy has become essential to the functioning of modern economies. However, the uneven distribution of energy supplies among countries has led to significant vulnerabilities.

Rapid deployment of renewable energy and energy efficiency, and technological diversification of energy sources, would result in significant energy security and economic benefits.

India is also taking various steps to bolster its energy security and recently to enhance the petroleum and hydrocarbon sector, Government of India has introduced initiatives like the Hydrocarbon Exploration Licensing Policy (HELP), Marketing and Pricing freedom for new gas production, grant of extension to the Production Sharing Contracts and assigning the Ratna offshore field award to Oil and Natural Gas Corporation (ONGC) for development.

BRICS Countries can surely contribute towards each other’s energy security. With the foregoing theme, attendees and Policy makers shall deliberate the ways and means for BRICS coordination so that better synergy can be developed in the Oil and Gas front.

Indian Diaspora plays a prominent role in the polity and business of their respective countries. Even among BRICS nations, the Indian Diaspora has steadily gained prominence. Hon’ble Prime Minister of India Shri Narendra Modi has in his visits to South Africa, Russia, China and Brazil met with Indian Diaspora and seeks their engagement in driving their countries and their private businesses to partner with Indian PSUs and private enterprises. We seek to utilize the BRICS conference and attendance by our Chapter Coordinators and members to hasten this clarion call by the Hon’ble Prime Minister.

Panel Discussion - “Opportunity and Challenges for Energy Security”

Energy Securities and successful global partnerships.
Considering the recent crash in Oil and Gas market it become imperative for BRICS countries to come closer and increase their cooperation in Oil and Gas sector. Russia is a major exporter of Oil and Gas, whereas India, China and South Africa are the biggest importers and consumers of Oil and Gas. Session will highlight the Opportunities and Challenges for the Energy Security.

Diaspora & the new Indian Economic Order

Indian Diaspora has come of age. 2017 will mark 100 years of abolition of indentured labor globally, a historic milestone for tens of thousands of the Indian Diaspora that was lured more than 200 years ago by Colonial rulers to far lands west, east and south across the globe in the search of opportunity. The 20th and 21st Centuries are marked by the Rise of the Indian Diaspora as affluent, a knowledge powerhouse, scientists and researchers, small, medium and multinational businesspersons who make a big difference in the socio-economic-polity of the countries they live. India throws up a new breed of NRI migrants across the world as India demonstrates a resilient economy with stable growth.

A new Indian economic order has lured the Diaspora to extend their engagement beyond the emotional connect to economic partnership. The next generation of Youth NRIs and PIOs presents a unique opportunity for India to develop a special and unique bond with these global leaders of tomorrow. The Indian Diaspora discusses its aspirations and experience in this panel discussion.