India to increase oil purchases from US: Goyal

Commerce and industry minister Piyush Goyal, who is in the US for taking forward the trade talks, has said that India would increase purchase of oil and gas from the US as India continues to engage with the Donald Trump Administration to eke out a favourable trade deal.

“We expect to increase our trade with the US on energy products in the years to come,” Goyal was quoted as saying at an event in New York by foreign media. “And being close friends, natural partners, our energy security goals will have a very high element of US involvement,” said India’s Commerce Minister.