Economy
Centre Approves ₹84,084 Crore 'Samudra Manthan' Offshore Energy Scheme
The Times of India2h
THE BRIEF
1
The central government has officially approved the 'Samudra Manthan' scheme, a major initiative focused on deep-sea exploration and offshore energy production with an outlay of ₹84,084 crore.
2
The project aims to boost India's domestic crude oil and energy output by targeting untapped deep-sea resources, marking a significant strategic bet on offshore extraction capabilities.
3
This investment is part of a broader push to enhance national energy security, with the scheme designed to streamline the process of churning crude from deep-sea environments.