Economic Zone

India awards 28 oil and gas blocks as exploration push accelerates

The government has awarded 28 oil and gas blocks across eight sedimentary basins—spanning 1.36 lakh sq. km—under the latest bidding round, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri announced on Tuesday. An additional two blocks were granted under the Special Discovered Small Field (DSF) Round, following 60 bids. Speaking at the contract signing ceremony for Round IX of the Open Acreage Licensing Policy (OALP), Puri said 76% of India’s total exploration area has come u...

September 16, 2024 6:37 PM

Indian High Commissioner Inaugurates new Indian Investment in Bangladesh

High Commissioner of India in Bangladesh Pranay Verma and Investment Adviser of Bangladesh Prime Minister Salman Fazlur Rahman on Saturday jointly inaugurated a new plant of India’s leading pharmaceutical company, Sun Pharma, near Dhaka. This is the company’s second investment in Bangladesh with a production capacity of over 1 billion tablets and capsules per year. Speaking at the ceremony, the High Commissioner highlighted the new investment as part of the growing economic and industrial e...