Odian News


India is committed to buy $5 billion dollar of gas and oil from US every year.

Team Odian News |

New Delhi:17/1:(odiannews):India is committed to buying nearly $5 billion of oil and natural gas from the United States every year, Harsh Vardhan Shringla, the new Indian ambassador said Tuesday at a US chamber of commerce event, adding bilateral trade between the two countries was growing “exponentially” and not “incrementally”. A recent importer of US oil and gas, India plans to scale up its buys — which stood at $3.8 billion in 2018, including bitumen substitute and mineral wax, according to the Indian embassy website. India is “committed to purchase close to nearly $ billion of oil and gas from the United States every year (and) our companies have placed orders for 300 aircraft manufactured in the US worth $40 billion,” Shringla said at a reception hosted for him at the US-India Business Council, a unit of the US chamber of commerce, the most powerful trade body in the US.