Following the recent energy trade collaboration between the UK and India, Prashant Modi CEO and MD of Great Eastern Energy Corporation Limited (LON:GEEC) said that he is looking forward to investing a whopping £768 million (USD $1 billion) to further tap on the unconventional energy resources.
Recently, Deirdre Michie, Chief Executive of Oil & Gas UK, said “There are still up to 20 billion barrels of oil and gas to recover from the UKCS and, if properly supported, our already world-class supply chain could double its turnover by 2035.
“Oil & Gas UK would welcome discussions with Government officials to outline industry’s concerns and opportunities and help identify a path forward during Brexit negotiations."
You can read more at : http://www.prnewswire.co.uk/news-releases/after-uk-india-energy-growth-partnership-prashant-modi-of-geecl-plans-768-million-investment-on-632602963.html
Do you feel that the collaboration between the two countries will bring fruitful results for the UK economy as well as the Indian economy?