India to Offer ₹80,000 Crore Package to Attract Deepwater Oil Explorers

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Government Policy

28 July 2026 at 1:26 pm

India to Offer ₹80,000 Crore Package to Attract Deepwater Oil Explorers

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Summary

India plans an Rs 80,000-crore incentive package to attract deepwater oil explorers, funding up to half the cost of exploratory wells and auctioning eighteen new blocks to boost domestic oil production.

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