Vedanta Group Chairman, Anil Agarwal, has called on the Indian government to introduce a Production-Linked Incentive (PLI) scheme for the oil and gas exploration sector, emphasizing that despite substantial reserves, there are no incentives provided in this domain. Agarwal, through a social media post, advocated for reforms including tax reduction to a maximum of 30%, aligning with international benchmarks. He also suggested extending well licenses to the life of the well or at least 70 years, along with streamlined clearance processes to expedite exploration and production. Agarwal highlighted India’s rich oil and gas reserves and emphasized the need for self-certification to avoid delays.
Vedanta Chairman Urges Government for PLI Scheme in Oil and Gas Sector
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