, July 21 -- In a major step towards bolstering energy security, the government has launched initiatives to build Strategic Energy Reserves and supporting storage facilities to help safeguard fuel supplies against global market volatility and emergency disruptions while maintaining regional balance.

To address volatility in global markets and ensure uninterrupted supply during emergencies, initiatives have been undertaken to develop 'Strategic Energy Reserves' and related storage infrastructure, which will play an important role in strengthening national energy security and maintaining regional balance,according to a budget document.

According to the document, measures are being taken to establish cost-effective and sustainable infrastr...