more-inPetroleum Minister Dharmendra Pradhan on Wednesday urged delegates and world leaders at the World Petroleum Congress in Istanbul to invest in India and said they will receive a “red carpet welcome” if they did. “The Government of India has brought in a modern, progressive, investor-friendly and world class policy for the next bidding round,” Mr. Pradhan said. of area for your investment, and I extend the commitment of the Government of Prime Minister Modi that you will receive a red carpet welcome if you decide to invest in it,” Mr. Pradhan said. The Minister also highlighted the importance of a “responsible price” for crude oil for countries like India that have a huge and rapidly growing energy demand. He said that In today’s oversupplied market, it is important for producers to understand the perspective of consumers, he said.

Source: The Hindu July 12, 2017 15:11 UTC