Phase IFoundation
Background
Overview
India's high import dependence for crude oil and natural gas poses significant economic and strategic vulnerabilities. This scheme represents a major government initiative to address energy security, reduce the import bill, and foster domestic industrial capabilities, making it crucial for understanding India's economic and energy policy.
The Samudra Manthan scheme is a major government initiative aimed at accelerating hydrocarbon exploration and production in India's offshore basins. It seeks to enhance energy security by reducing import dependence and building a robust domestic energy ecosystem through strategic investments and risk-sharing mechanisms.