Cabinet Clears ₹84,084 Crore Offshore Exploration Scheme
What this means for you: The scheme could stabilize fuel prices, attract investment in coastal states, and indirectly impact housing and infrastructure growth in energy-linked regions.
The Union Cabinet has approved the “Samudra Manthan” National Offshore Exploration Scheme with an outlay of ₹84,084 crore. The initiative aims to boost domestic oil and gas exploration, reduce import dependence, and strengthen India’s energy security. The scheme will encourage private and public sector participation, modernize offshore infrastructure, and create new employment opportunities in coastal regions.
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