Interview | IEX may bring down equity in Indian Gas Exchange to 25% in five years: Rajesh Kumar Mediratta, Director of IGX
Indian Gas Exchange (IGX) Director Rajesh Kumar Mediratta said that the company is in talks with multiple players to be roped in as strategic partners.
Image: Rajesh Kumar Mediratta, Director of IGX
India is targeting rapid growth in natural gas’ share in the country’s energy basket from 6 percent now to 15 percent by 2030. In this pursuit of becoming a gas-based economy, many believe that there is a need for a transparent and market-driven pricing mechanism and India’s first gas exchange — the Indian Gas Exchange (IGX) — is considered as a step towards achieving this goal.