Foreign investment in Indian E&P: At near-nil level – 10 Aug 2021

Despite the big talk about inviting foreign investment in India's E&P acreages, money brought in by foreign companies is at near nil levels.

It is a sad commentary on either India's lack of tangible commercial hydrocarbon resources or unhelpful government policy

The fact that Cairn Energy Plc had to move international court to confiscate Indian government assets, in order to force it to pay up for an arbitration award, is perhaps testimony to why foreign companies are averse to come into India