New Delhi, March 20 -- Zerodha co-founder and CEO Nithin Kamath believes that India must turn this fuel shortage crisis due to the war in the Middle East into an opportunity to develop locally produced alternatives such as biogas.

"What's happening in the Gulf is a reminder of how critically dependent India is on a single region for most of its energy. Most of our crude and natural gas (LPG, CNG) is imported, and our vulnerability to disruption in these imports is obvious," he stated in a post on social media platform X (formerly known as Twitter) on 20 March.

Noting that India's dependence on energy imports from the region have adversely impacted critical services, he outlined alternatives that the country can tap into for long-term re...