India invites Canadian firms to invest in energy infrastructure

New Delhi, July 8 (IANS) India has invited Canadian financial institutions to invest in its energy infrastructure, an official statement said on Wednesday.

The petroleum ministry statement here said Petroleum Minister Dharmendra Pradhan met Canadian officials and businessmen, during his visit to the country from July 4-6 to participate in the second India Canada Energy Dialogue, and “offered to jointly underwrite large-scale energy projects such as LNG (liquefied natural gas), refinery and petrochemical plants”.

He also “highlighted the availability of world standard cost-effective and quality engineering, procurement and construction companies in India with highly talented manpower who can contribute to the Canadian hydrocarbon sector”, it added.

Oil marketer Indian Oil Corp has invested of $1 billion, which will go up to $4 billion, in an integrated LNG project in Canada’s British Columbia province, the petroleum ministry said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here