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Fall in Oil Prices a boon to importer India

Oil price fall is a chance to enhance Energy Security says Petroleum Minister Dharmendra Pradhan. In recent Russia visit of Prime Minister Narendra Modi India has taken to invest in Russian fuel companies Gazprom and Rosneft. Earlier India has already started to invest strategically in Vietnam, Myanmar, Iran, Oman, Iraq, Kazakhstan, Nigeria, Mozambique, Sudan, Libya, South Sudan, Brazil, Colombia, Cuba, Venezuela, etc.
Now Rs. 2 lac crore saved by India with crude prices fall will be big factor, which will make further investments in energy sector possible.

About Mihir Nagarkar

Mihir Nagarkar
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