Pletroleum Minister Veerappa Moily inaugurated the India Investment meet for the opportunities of investment in oil and gas sectors in India today. Addressing a gathering of leading investors from UAE in Abudhabi, Mr. Moily said that with its strong fundamental India is the preferred choice of the investors. Highlighting the policy initiative of the government, he said that several measures have been undertaken to ensure a simple, transparent and stable policy regime for the investors. Mr. Moily said that the 10th round of new exploration policy is expected to be launched in January next year. The event on the sidelines of ADIPEC is aimed at tapping investment in oil and gas sectors in India. India today attract FDI worth $5.4 billion jn this sector and the target by the end of the 12th five-year plan is to attract FDI worth $ 75 billion. The move is expected to give a boost not only to meet the energy needs but also to energy security in the country. Top brass of OIl and gas sector PSUs from India are present at the meet to share the opportunity for investment in India.