With the Indian government deciding to appeal against an international arbitration award that went against it, Cairn Energy Plc will directly knock at the doors of the Indian government for honouring of the award verdict. Cairn Energy CEO Simon Thomson would be meeting Union finance minister Nirmala Sitharaman in Delhi next week.
“The arbitration is now finalised and the award has been given and we would request along with others, that the Indian government moves swiftly to adhere to the award that has been given. That’s important, it’s important for our shareholders, who are global financial institutions and who want to see a positive investment climate in India,” said Simon Thomson in a video address to all stakeholders.
