China spent $38 billion on oil and gas capital expenditure last year—more than the combined global spending of energy giants Exxon and Chevron. It is now drilling as deep as 8 kilometres below the earth’s surface to unlock additional reserves and reduce its dependence on imports.
Vedanta Chairman Anil Agarwal noted that India, too, has the resources, technology, and ambition to achieve similar breakthroughs in domestic oil and gas production. He emphasised that with the right policy support and investment focus, India can significantly ramp up exploration efforts and strengthen its energy security.
In a recent social media post, Agarwal cited China’s example to highlight the scale of opportunity India must pursue. His remarks also reflect Vedanta’s commitment through Cairn Oil & Gas to contribute meaningfully to India’s energy independence journey.
The message aligns with the national vision of self-reliance.
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