India expects foreign investment in the petroleum sector, Oil Minister Dharmendra Pradhan has said. He said Indian trade has got a boost after Narendra Modi became the Prime Minister. Pradhan, who will represent India at the 19th Steering Committee meeting of TAPI pipeline project in Turkmenistan, said the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will benefit India enormously. He further added that the matter of quickly getting a consortium in place will be discussed at the meeting.
The TAPI pipeline will have a capacity to carry 90 million standard cubic metres a day (mmscmd) gas for a 30-year period and will be operational in 2018. India and Pakistan would get 38 mmscmd each, while the remaining 14 mmscmd will be supplied to Afghanistan.
India expects foreign investment in petroleum sector
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