India’s energy sector to attract $300 bn investment in coming decade: Pradhan


India’s energy sector to attract $300 bn investment in coming decade: Pradhan

Oil Minister Dharmendra Pradhan today said that the global investor industry has its eyes on India’s growing energy sector and investments in the tune of $300 billion is expected in the sector in the coming decade.

“The global investor industry is today keenly looking at Indian energy sector as an attractive investment destination. About 300 billion dollars would be invested in coming decade,” Pradhan said, speaking at KPMG’s annual energy conclave – ENRich 2018.

He added that Asia’s biggest greenfield oil refinery-cum-petrochemical complex is being set up collectively by Oil Marketing Companies (OMCs) along with Saudi Aramco and ADNOC in the state of Maharashtra at a cost of about $40 billion. Read More

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