New Delhi Pools Resources As Foreign Buys Dominate Agenda

摘要

BMI View: India's new approach of pooling the resources of staterun energy frms to acquire foreign oil and gas assets is designed to compete with China's superior fnancial clout. The big risk remains India's expensive fuels subsidy programme, which drains the resources of energy companies at a time when they are being called upon to divert cash towards international acquisitions.