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India seeks Qatar investment, gas deal to revive power plants

Reuters  |  NEW DELHI 

(Reuters) - is ready to sign long-term gas purchase deals with provided that Doha agrees to acquire stakes in power plants which have been hit by gas shortages, minister Dharmendra Pradhan said on Tuesday.

Pradhan told was open to granting stakes to in local and gas companies and liquefied natural gas (LNG) terminals, should the Gulf emirate make such a proposal.

Qatar's RasGas is the biggest LNG supplier to India, where a lack of gas supplies has forced many plants to cease operations or function below capacity.

(Reporting by Neha Dasgupta; Editing by Douglas Busvine)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)