PETROLEUM AND NATURAL GAS
FDI In Petroleum & Natural Gas
The oil and gas industry is one of the core industries of India and has a significant hold on the Indian economy. The energy market in the country has witnessed an increase in its growth over the years and is still booming.
- 100% FDI in petroleum and natural gas industry is allowed in under the automatic route including exploration activities of oil and natural gas fields
- 49% FDI in petroleum sector -refining by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs is allowed under the automatic route.
The petroleum industry in India is favourable for foreign investment due to its growth potential. This potential for growth can be further explored by foreign investors, therefore, turning into an opportunity through FDI in the petroleum sector in South India.