Union Cabinet approves ₹84,084 crore for offshore exploration scheme ‘Samudra Manthan’
The Union Cabinet has approved ₹84,084 crore for the offshore exploration scheme named 'Samudra Manthan'. Of this total, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells. The scheme is aimed at expanding India's offshore exploration efforts through large-scale deepwater drilling, marking a major government commitment to the sector.
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The scheme name, outlay and the earmark for deepwater wells make ready one-line exam questions.
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- Total outlay of ₹84,084 crore approved by the Cabinet.
- ₹43,200 crore earmarked for drilling 60 deepwater exploration wells.
- Scheme name: Samudra Manthan (offshore exploration).
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