India Launches $8.8 Billion Samudra Manthan Offshore Energy Project

India has officially launched an $8.8 billion offshore oil and gas exploration initiative designated as "Samudra Manthan."

The scheme focuses on exploring offshore marine areas to locate potential oil and natural gas deposits. It represents a major national investment aimed at developing domestic hydrocarbon resources.

Further details regarding project implementation and exploration phases under the Samudra Manthan framework are expected to be outlined by officials.