India on Wednesday said it might reconsider the gas pipeline venture with Oman which had been shelved due to some technical glitches.
"We may reconsider the project (gas pipeline) again," Fertilisers and Chemicals Minister S S Dhindsa told reporters after the foundation laying ceremony of the mega Oman-India fertiliser project in Sur.
The Indo-Oman gas pipeline project was put on the backburner last year owing to some technical glitches perceived in its implementation.
Describing the $969 million fertiliser project, India' biggest overseas investment, as a manifestation of close relation between the two countries, Dhindsa invited the government of Oman to come forward to invest in the chemical and hydrocarbon sector in India.
"We recognise the significance attached to the Oman-India fertiliser project by the leadership of Oman. This venture reflects our desire to pursue more closer political, strategic, and economic links between the two countries," the minister said.
Pointing out that the project was recognition to Indian competence and experience in the field of setting up and operation of mega fertiliser projects of international standards, Dhindsa said it would set the tone for undertaking similar ventures to the mutual benefit of the people of the two countries.
