India Approves $8.81 Billion Offshore Oil and Gas Exploration Plan
The Indian government has approved an 84,084-crore rupee (approximately $8.81 billion) scheme to boost offshore oil and gas exploration and production. The plan aims to enhance the country's energy security through increased domestic output.
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‘Samudra Manthan’: Cabinet approves Rs 84,084 cr scheme for oil & gas exploration
The scheme will be implemented through FY2030-31 with an aim to harness India's vast offshore energy resources - in what the government has termed as a modern day Samudra Manthan.
By TOI BUSINESS DESK
Read full article →Government greenlights Rs 84,000-crore scheme to boost offshore oil & gas exploration, production
By Sukalp Sharma
Read full article →Cabinet Approves Rs 84,084-Crore Offshore Oil, Gas Exploration Scheme
The scheme is also expected to stimulate significant investments across the exploration and production value chain, creating long-term opportunities for industry, innovation and economic growth, the communique said.
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