Indian Companies Should Aggressively Bid for Foreign Companies

India’s state-owned oil companies should aggressively bid for overseas ventures to boost the country’s energy security, Petroleum and Natural Gas Minister Mani Shankar Aiyar said Wednesday.

Indian companies have been focusing on oil exploration assets abroad to meet the needs of the fast-growing economy.

“If we want to be a global player, we have to be integrated,” he said. Aiyar said Indian companies could explore opportunities in countries such as Romania, Turkey, Azerbaijan, Kazakhstan and Iran.

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