Cabinet clears Rs 84,084 crore scheme to boost offshore oil and gas exploration
The Indian Cabinet has approved a Rs 84,084 crore scheme aimed at accelerating oil and gas exploration across the country. Dubbed 'Samudra Manthan' by the government, the initiative is focused on harnessing India's vast offshore energy resources. The scheme is set to be implemented through the financial year 2030-31. The government views the initiative as a modern-day effort to unlock deep-sea energy potential, drawing a parallel to the mythological churning of the ocean.
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