DRIFT IN OIL EXPLORATION POLICY
FOREIGN COMPANIES STILL NOT ENTHUSED
2014-01-15 11:48
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As India is in the process of bidding its oil blocks for the 10th round of exploration and development under the New Exploration Licensing Policy (NELP), a lot of unresolved and seemingly insoluble issues have cropped up. This is over and above the electoral calendar coming in the way of any prospective investor to take a serious call till the new government is in place by June 2014 particularly when stability in policy has seldom been India’s forte and strength to attract investment.