• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:05:49 AM IST | Wednesday, Feb 01, 2023
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Economy > India seeks foreign investments in oil and gas sector: Pradhan
Economy
India seeks foreign investments in oil and gas sector: Pradhan
By  
PTI   , Published : Nov 7, 2019, 12:22 pm IST | Updated : Nov 7, 2019, 12:22 pm IST

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)
India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)

New Delhi: India, the world’s third-largest oil importer, wants more foreign investments in its oil and gas sector, oil minister Dharmendra Pradhan said on Wednesday, as the country takes steps to woo companies, including a recent corporate tax cut.

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Pradhan said at an energy conference in New Delhi.

“India wants to be the new destination for global energy players,” he said.

Oil producers worldwide are eager to gain a foothold in India, where fuel demand is expected to keep rising as the country’s economy grows.

India has already outlined plans to sell some state-owned companies to local or foreign investors by March 2020, including oil refiner Bharat Petroleum Corporation Ltd.

end-of
Tags: 
foreign investments, oil, gas, energy, dharmendra pradhan, policy, bharat petroleum corporation ltd
Location: 
India, Delhi, New Delhi
Latest From Economy
Former RBI governor Urjit Patel has written a book titled Overdraft: Saving the Indian Saver.

Urjit Patel: Why our banks aren't saviours of the Indian saver

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham