Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Friday said that India’s growing energy sector has become attractive for foreign investors. Speaking at an event here, Pradhan said India received funding from sovereign wealth funds, pension funds, long-term strategic investors from Western and Asian countries and the Middle East.
“The economy that is projected to grow at more than 7 per cent will attract more funding. Many companies have successfully raised funding through overseas bond market and this funding route is likely to grow manifold going forward,” he said.
The union minister said that India’s upstream sector is an important focus area of the government. Several transformative policy reforms have been undertaken to revitalize the E&P ecosystem and establish a conducive business environment Read More
Latest posts by Sify.com (see all)
- Petrol, diesel prices fall again after a day of no change - October 24, 2019
- India’s growing energy sector has become attractive for foreign investors: Pradhan - August 3, 2019
- HPCL under scanner for alleged excise duty evasion - June 5, 2019