India announces boost to eastern states with funding for major gas pipeline


INDIA’S government will partly fund a $2 billion gas pipeline project linking five eastern states to help kick-start economic growth in a region that has trailed the rest of the country, the country’s oil minister said on Wednesday (September 21). The 2,500-km pipeline is to be built by state-run GAIL (India) Ltd. This will be the first time the government has offered finance for such a project as part of Indian prime minister Narendra Modi’s plan for more balanced development. Oil minister Dharmendra Pradhan said the government will meet 40 percent of the cost of the pipeline that will run…

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