NDTV·2 min read·medium

Cabinet Approves Rs 84,084-Crore Offshore Oil, Gas Exploration Scheme

AI Summary

The Indian Cabinet has approved an Rs 84,084-crore scheme focused on offshore oil and gas exploration. The initiative aims to boost domestic energy production and stimulate investment across the industry value chain.

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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