BHP Billiton Exits India Oil, Gas Blocks

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Oct. 21 (Bloomberg) –- Bloomberg’s Tanvi Shukla reports on what’s moving markets in India. She speaks to Rishaad Salamat on Bloomberg Television’s “On The Move Asia.” (Source: Bloomberg)

It failed to get clearance.

The latest on this story and more.

A good morning.

It is becoming the trend.

All of the big international companies have in investing and large size project.

Whether you are talking about a bp have bhp announcing they will be pulling out from several of the projects in india.

Every time the problem has been the delay and clarence.

The defense ministry is the reason in this case.

The land acquisition and several other problems.

Really, it has been around because they have not gotten the clearance and also -- it was five years back to stop investment in oil and gas has been a concern for the government.

The special company to fast track clearance a big sized projects actually gave speedy approval to a large amount of oil and gas projects.

Bhp is concentrating on withdrawing from the oil and gas field leaving a major to tour they have in the country.

The deadlock that would allow -- and returning it to the government because of the projects do not seem to be going anywhere.

A big hit.

Another big international

This text has been automatically generated. It may not be 100% accurate.


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