The government has given the go-ahead for 'Samudra Manthan', a new National Offshore Exploration Scheme, allocating ₹84,084 crore to be spent through the 2030-31 fiscal year. This initiative is designed to ramp up offshore oil and gas discovery within the country and bolster India's energy independence. Officials anticipate the project will contribute more than 600 million metric tonnes of oil equivalent (MMTOE) to the nation's total hydrocarbon reserves.

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