Overview
- Prime Minister Modi announced the National Deep Water Exploration Mission to map and tap offshore oil and gas reserves beneath India’s seabed.
- The government offered 25 deepwater blocks under OALP-X, including high-potential acreage in the Andaman Basin and Andhra offshore regions.
- The National Critical Minerals Mission is surveying over 1,200 sites to secure lithium, cobalt, rare earth elements and other strategic minerals for clean-energy and defence industries.
- Union Petroleum Minister Hardeep Singh Puri set targets to double national hydrocarbon reserves by 2032 and triple production by 2047 through accelerated upstream exploration.
- New measures aim to attract private investment in nuclear power with a goal to increase capacity tenfold by 2047, though detailed funding and regulatory plans have yet to be disclosed.