Search Result for : Ior

Source: PIB, Government of India The government has projected up to 46 billion cubic metre of natural gas production in the next three years The Minister of State (Independent Charges) for Petroleum and Natural Gas Dharmendra Pradhan informed the Lok Sabha in a written reply on Monday that the projection of natural gas production for the next three years is as under: Demand and Supply of Natural Gas  Year ONGC (BCM) OIL (BCM) Pvt/JVs (BCM) 2015-16 22.49 3.010 8.36 2016-17 26.48 3.101 9.31 2017-18 31.65 3.201 11.45                          BCM: Billion Cubic Metre  In order to enhance gas production, the government has taken/is taking a number of initiatives.  Enhance production from the existing field by adopting Improved Oil Recovery (IOR)/Enhanced Oil Recovery (EOR) measures using latest technology. Bring into production new discoveries at the earliest. For this a policy framework ...

The Dollar Business Bureau In a move to overcome the supposed trade-related challenges in the Indian Ocean, India sought a common naval platform in Indian Ocean Region (IOR), with a stronger cooperation from the Indian Ocean countries. The Union Defence Minister, Manohar Parrikar, stressed on need for a ‘common naval platform’ for India and IOR countries, while speaking at the closing ceremony of an international conference on 'India & the Indian Ocean: Renewing the Maritime Trade & Civilizational Linkages'. The Minister called upon the Institute of Social and Cultural Studies (ISCS) and Research & Information System for Developing Countries (RIS), joint organizers of the conference, to make a note of ‘creating a common navy platform for Indian Ocean countries,’ which ...

The Dollar Business Bureau Prime Minister, Narendra Modi meeting the President of Mauritius, Mr. Rajkeswur Purryag. Image Source: @narendramodi   The Governments of India and Mauritius on Wednesday underwent key agreements and signed Memorandum of Understanding (MoU) for cooperation in various issues aimed at strengthening the bilateral relation, especially in terms of maritime cooperation in the Indian Ocean Region (IOR). In a move towards achieving stronger infrastructure cooperation, both the sides signed a MoU for setting up and upgradation of infrastructure for improving sea and air connectivity at Agalega Island, the outer island of Mauritius. The MoU for infrastructure cooperation was also expected to enhance the capabilities of the Mauritian Defence Forces in safeguarding their interests in the outer island. Under ...

 The Dollar Business Bureau The Prime Minister of India, Narendra Modi on Wednesday, expressed hope that the Government of Seychelles will soon be a full partner in the maritime security cooperation between India, Maldives and Sri Lanka. Addressing media during his visit to Seychelles, Narendra Modi said, “Seychelles is my first destination in the Indian Ocean Region (IOR) and we regard the country as a vital partner in our Indian Ocean neighbourhood.” India’s relation with Seychelles is nurtured by a common purpose of ensuring a peace and prosperity in the IOR, said the PM, adding that ‘Our strong security partnership enabled us to advance maritime security in the region.’ Stating that India feels privileged to partner with Seychelles in ...

The Dollar Business Bureau The Government of India, according to an official release, has proposed to establish cross cultural linkages and revive historic maritime cultural and economic ties with 39 Indian Ocean countries.  According to the Union Minister of State for Culture, Tourism & Civil Aviation, Mahesh Sharma, the 39 countries belonging to Indian Ocean Region (IOR) include Bangladesh, Bahrain, China, Cambodia Cambodia, Iraq, Egypt, Pakistan, Mauritius, Singapore, Yemen, Thailand, South Africa, Philippines, among others. To this effect, an action plan has also been formulated by the Government for achieving a World Heritage transnational nomination for ‘Indian Ocean Maritime Routes’. The plan also aims at a joint initiative by the Indian government and the member states in the group, to implement ...

Sai Nikesh | The Dollar Business In a move to expand its presence in the Indian Ocean Region (IOR), the Government of India is keen on supporting maritime infrastructure of its friendly countries in the region, by pushing naval exports. The Indian government is all set to commission it’s first-ever export warship-Barracuda, to Mauritius on March 12, 2015, says a report from the Indian Defence & Research Wing (IDRW). Besides this, the Indian government has already cleared exports of 13 other warships to Mauritius and these are expected to be supplied in the coming year. The report further says that the government is also willing to extend a similar maritime support to other small countries in the region, so as ...