📷 Image: Wikimedia Commons / Prime Minister's Office
Business
Cabinet Approves ₹84,084 Crore ‘Samudra Manthan’ Scheme for Oil & Gas Exploration
✍️ The Times of India
🗓 01 Aug 2026, 10:18 AM
👁 44
India’s cabinet has sanctioned a ₹84,084 crore scheme titled ‘Samudra Manthan’ to boost offshore oil and gas exploration.
The Indian cabinet has approved the ‘Samudra Manthan’ scheme, allocating ₹84,084 crore for oil and gas exploration. The initiative aims to strengthen the country’s offshore exploration capabilities and secure energy resources.
Under the scheme, the government will provide financial support to exploration activities, encouraging both domestic and foreign companies to invest in the sector. The move is expected to enhance India’s self-reliance in energy production.
The Cabinet’s decision follows a review of the sector’s potential and aligns with the government’s broader strategy to diversify energy sources and reduce import dependence.
Implementation details, including timelines and specific allocation mechanisms, will be outlined in forthcoming policy documents by the Ministry of Petroleum and Natural Gas.
Under the scheme, the government will provide financial support to exploration activities, encouraging both domestic and foreign companies to invest in the sector. The move is expected to enhance India’s self-reliance in energy production.
The Cabinet’s decision follows a review of the sector’s potential and aligns with the government’s broader strategy to diversify energy sources and reduce import dependence.
Implementation details, including timelines and specific allocation mechanisms, will be outlined in forthcoming policy documents by the Ministry of Petroleum and Natural Gas.