Union Cabinet Approves Rs 84,084-Crore 'Samudra Manthan' Scheme for Oil and Gas Exploration
On July 31, 2026, the Union Cabinet approved a Rs 84,084-crore scheme called 'Samudra Manthan' to boost oil and gas exploration in India's offshore basins until FY 2030-31. The initiative aims to reduce import dependency by catalyzing reserve accretion of over 600 million tonnes of oil and equivalent gas, with allocations for exploratory drilling, data acquisition, infrastructure development, and manufacturing zones. This move addresses India’s high energy import reliance and rising demand.
31 JUL 2026
— NDTV
Modi Approves ₹84,084 Crore 'Samudra Manthan' to Boost Offshore Exploration and Energy Security
· THIS STORY — Indian Express
The Union Cabinet approved a Rs 84,084-crore scheme, 'Samudra Manthan,' to boost offshore oil and gas exploration in India.
“The initiative was first indicated last year by Prime Minister Narendra Modi in his Independence Day address. He had called for a modern-day ‘Samudra Manthan’ to unlock India’s vast offshore energy potential.”— verbatim excerpt from Indian Express
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