Union Minister for Petroleum & Natural Gas, Dharmendra Pradhan said that visit of US President Barack Obama strengthened bilateral relations between two powerful democracies of world and pave ways for more economic cooperation.
He said India and US have great potential to expand cooperation in energy sector including in oil & Gas. Visit of President Obama with a contingent of important leaders from the U.S. Business and government provided a good opportunity to discuss various avenues of possible cooperation.
India is already scheduled to buy LNG from the U.S. from 2017. Though officially, Obama attended India’s Republic Day celebrations as the guest of Indian Prime Minister Narendra Modi, the presence of top American CEO’s speak of the emerging importance of India as an investment destination.