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
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.