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India wants foreign investors for $300 billion worth of energy projects

India's oil and gas output has been stagnant for years while its fuel demand has risen with economic expansion

Reuters  |  New Delhi 

India wants to attract foreign investors to $300 billion worth of energy projects planned for the next decade, its oil minister said, as the world's third biggest oil consumer aims to cut imports. India ships in about 80 percent of its oil needs, which Prime Minister Narendra Modi wants to reduce to 67 percent by 2020. The planned projects will include increasing the country's refining capacity, oil and gas block exploration, and developing gas infrastructure, including for transporting LNG and regasification. "In the next 10 years, India will offer projects worth ...

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First Published: Tue, October 10 2017. 20:17 IST