A file photo of Oil minister Dharmendra Pradhan. India’s oil and gas output has been stagnant for years while its fuel demand has risen with economic. Photo: Pradeep Gaur/Mint expansionNew Delhi: India wants to attract foreign investors to $300 billion worth of energy projects planned for the next decade, its oil minister Dharmendra Pradhan said, as the world’s third biggest oil consumer aims to cut imports. India ships in about 80% of its oil needs, which Prime Minister Narendra Modi wants to reduce to 67% by 2020. “In the next 10 years, India will offer projects worth $300 billion” to foreign companies keen to invest in the country, Oil minister Dharmendra Pradhan told an energy conference in New Delhi on Tuesday.

Source: Mint October 10, 2017 12:33 UTC