The central government has allowed the Adani Group-owned port at Krishnapatnam in Andhra Pradesh to import petroleum into India by sea in public interest.
He also pointed out that in addition to the oil import, India has also increased its imports of fertilizers, cooking coal and other natural resources from Russia.
Japan imported 31.80 million barrels of oil from the UAE in October 2024, accounting for 47.8 per cent of its total imports for the month, according to data from the Agency for Natural Resources and Energy under Japan's Ministry of Economy, Trade and Industry.
Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years, with Russian oil imports surging from a mere 0.2 per cent in February 2022 to consistently occupying the top spot in recent months.
Currently, nearly all of India's 15 GWh demand for Li-ion batteries is met through imports. However, this demand is projected to soar to 54 GWh by FY27 and further to 127 GWh by FY30, driven by increased EV adoption and decarbonization of the energy grid.
Coal imports for blending purposes decreased to 9.79 MT compared to last year which was 10.70 MT indicating a decline of 8.5 per cent during the same period, the Ministry of Coal said in a release.
Bengaluru (Karnataka) [India], November 12: In a significant move that reinforces India's commitment to 'Make in India' and 'Atmanirbhar Bharat' in the healthcare industry, the Prime Minister of India, Narendra Modi, virtually inaugurated the second manufacturing plant of BPL Medical Technol
After the victory of the Donald Trump in the US Presidential elections, India could benefit from any re-orientation of the global supply chain away from China says a report from Care Edge
After Donald Trump's decisive victory in the US presidential election, Chinese internet users expressed anticipation of heightened trade tensions between the US and China.
The Reserve Bank of India (RBI) in its latest report stated that the country's foreign exchange reserves cover of imports (on balance of payments basis) stood at 11.2 months