India pitches for US investments in oil&gas
Favourable geology, open data access, supporting policy regime and ease of doing business (EoDB) were the major drivers to attract potential US players to invest in India’s energy and petroleum growth wave during a two-day investors meet held here.
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Houston: Favourable geology, open data access, supporting policy regime and ease of doing business (EoDB) were the major drivers to attract potential US players to invest in India's energy and petroleum growth wave during a two-day investors meet held here. The investors meet from September 28-29, showcasing the lucrative fiscal policies and conducive environment of energy and petroleum (E&P) sector, that has seen a paradigm shift in policies aimed at attracting investors for investment was organised by Directorate General of Hydrocarbons (DGH) under the aegis of Ministry of Petroleum and Natural Gas (MoPNG) and facilitated by Houston Consulate General of India.
MoPNG Secretary Pankaj Jain, in his keynote address to potential investors from over 50 companies; oil and gas majors, financial institutions, private equity firms, service providers and academicians, made a strong pitch to investors interested in doing business with India. He discussed India's strength and role in the global energy ecosystem and highlighted India as the destination of energy opportunities.
Jain spoke on the latest offering of discovered fields, ease of doing business for bidding and assured an open-door policy to resolve any issue faced by the industry as he sought foreign and private investments to boost domestic oil and gas production.
