India, Oct. 6 -- India with largest populated state and young population need for fuel for transport and industries is a mandatory requirement. Fuel for transport though electric vehicles are encouraged but still a long way to go, dependence of petroleum and its products will continue to be requirement for transport and Industry. India has been importing its crude requirement and have high dependency, exploring possibilities on shore and off shore has been focus for few decades for India, but now to encourage investments in exploration will need a relook in the policies, introspect and work towards outcome-oriented approach and ring fencing the initial large expenses by the explorer.

The Russia-Ukraine war and the Strait of Hormuz crisis...