PM Modi Applauds Progress in Deep-Sea Exploration During Independence Day Address
On July 31, 2026, the government announced the approval of the Samudra Manthan – the National Offshore Exploration Scheme, designed to enhance and accelerate offshore exploration activities. The initial phase of the scheme has been allocated a budget of Rs 84,084 crore, which will cover its implementation until the fiscal year 2030-31.
The Samudra Manthan initiative aims to bolster Indias marine resource exploration efforts, which include the identification and extraction of oil and gas resources from the nations continental shelf and beyond. This initiative is part of a broader strategy to increase energy self-sufficiency, reduce reliance on imported fossil fuels, and boost the local economy.
In addition to its economic benefits, the program is expected to create job opportunities in sectors related to exploration, engineering, and environmental management. The government emphasizes that the scheme will also adhere to international safety and environmental standards to mitigate any potential ecological impacts. As India continues to seek sustainable energy solutions, projects such as Samudra Manthan highlight the governments commitment to balancing economic growth with environmental conservation.
