India’s poll politics and Prime Minister Narendra Modi’s ambition to win a second straight term has claimed an unlikely victim. A proposed $44 billion oil refinery on the western coast to be built with investments from Saudi Arabia.
On Monday, Maharashtra government decided to relocate the project, a day ahead of Saudi Crown Prince Mohammed bin Salman’s visit to India. BJP, which leads the government in the nation’s richest state, has been facing stiff opposition from ally Shiv Sena over the site of the refinery. Read More….