Policy stability, tax cuts needed for Oil & Gas exploration: Vedanta

Top executives from Vedanta, BP India, and ONGC are urging India to ensure stable policies and lower taxes to boost oil and gas exploration. Steve Moore of Vedanta stressed the need for contract extensions and adjusted tax terms to support significant investments in enhanced oil recovery. BP India's Kartikeya Dube emphasized policy stability and suggested including natural gas in the GST. ONGC's Arun Kumar Singh highlighted their focus on exploration to ramp up domestic production amidst global shifts in oil company strategies.