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Independence Day 2026: PM Modi says ‘no-go’ coastal waters turned into ‘go-ahead’ exploration areas

  • Posted on August 15, 2026
  • By Business News Today
  • 2 Views
  • 1 min read
In brief

India is transforming its maritime strategy by unlocking previously restricted coastal zones for offshore hydrocarbon exploration. Under the ambitious Samudra Manthan initiative, Prime Minister Modi announced an ₹85,000 crore investment to accelerate energy independence and reduce reliance on petroleum imports. This strategic policy shift represents a significant pivot in India's resource management approach, enabling companies to tap into untapped reserves and bolster national energy security through domestic production capabilities.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Independence Day 2026: PM Modi says ‘no-go’ coastal waters turned into ‘go-ahead’ exploration areas
Independence Day 2026: PM Modi says ‘no-go’ coastal waters turned into ‘go-ahead’ exploration areas

India has opened most coastal waters for offshore exploration to discover new hydrocarbon reserves and strengthen energy security. Prime Minister Narendra Modi said ₹85,000 crore has been allocated to accelerate exploration under the Samudra Manthan initiative and reduce dependence on imported energy.
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Author
Business News Today

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