Lok Sabha Approves Key Reforms to Attract Investment in Oil and Gas Sector

20 Mar 2025

The Lok Sabha has passed a crucial bill aimed at boosting investment in India’s oil and gas sector by introducing significant regulatory reforms. The amendments, hailed as “far-reaching” by Union Petroleum Minister Hardeep Singh Puri, are expected to enhance ease of doing business, streamline approvals, and attract both domestic and foreign investors. The new legislation introduces measures to simplify licensing, improve transparency in resource allocation, and incentivize exploration and production activities. It also aligns with India’s broader energy security strategy, ensuring a steady supply of hydrocarbons while facilitating the transition to cleaner fuels.

Minister Puri emphasized that these reforms will create a more investor-friendly environment and strengthen India’s position as a major player in the global energy market. Industry experts have welcomed the bill, highlighting its potential to unlock untapped reserves, generate employment, and support economic growth.With global energy demand rising, the government’s proactive policy measures are expected to drive significant capital inflows into the sector, reinforcing India’s long-term energy ambitions.