Samudra Manthan: India’s Deep-Sea Energy Offensive
📊Inside Samudra Manthan
• The Outlay: ₹84,084 crore allocated for offshore exploration until 2031.
• The Objective: Incentivize deepwater and ultra-deepwater drilling to slash the $144 billion annual import bill.
• The Risk Mitigation: Government to cover 50% of deepwater drilling costs, capped at ₹675 crore per well.
• The Target: Unlocking 600