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Cairn India to invest $2 billion for its Indian operation
Published on: June 25, 2008 at 15:55
Cairn India Ltd, a unit of UK's Cairn Energy Plc, plans to invest $2 billion over 18 months in its Indian operations, Chairman Bill Gammell said at a shareholders meet on Wednesday,reports Reuters.

Cairn expects to start production at its Mangala oil field in the western state of Rajasthan in the second half of 2009, he said.
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In India, gold is considered as one of the prestigious instruments of investment among the household consumers. Small household units are now becoming potential investors for gold from the key consumers. The demand for consumption purpose is no longer the main driver of demand for the yellow metal, but the systematic investments in retail gold investment options is the latest crush among the small investors in the country.
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