India's falling oil, gas production a concern - minister

India`s falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub.

India`s crude oil production in October dropped 5 percent from a year earlier to about 2.89 million tonnes, while natural gas output was down 0.4 percent at 2.80 billion cubic metres, provisional data issued by the government showed last month. 

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The government also plans to invest $300 billion in the oil and gas sector in the coming decade, Pradhan added.