Commerce Secretary Rajesh Agrawal will join the Indian delegation in the U.S. tomorrow for trade talks, with India indicating its readiness to step up energy imports from America.
In the past 7-8 years, energy purchases from the U.S., largely crude oil, have come down from $25 billion to around $12-13 billion.
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“So, there is a headroom of around $12-15 billion, which we can purchase without worrying about the configuration of refineries,” Mr. Agrawal told reporters in New Delhi.
“And there is a bilateral commitment, and in discussions we are in, we have indicated very positively that India as a country would like to diversify its portfolio as far as energy imports are concerned. That’s the best strategy for a big buyer like India.”
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