New investment worth ₹1L cr expected in KG basin
The Krishna-Godavari basin in Andhra Pradesh is expected to attract new investment worth ₹1 lakh crore in the next 5-7 financial years, Oil Minister Dharmendra Pradhan said on Sunday. Meanwhile, gas hydrates, crystalline form of methane and water, have been found in the basin, he further said, adding, there is a need for a commercially viable technology to tap them.