Answer: 2029-30
Notes: India aims to establish its inaugural privately managed Strategic Petroleum Reserve (SPR) by 2029-30, allowing trading rights to the operator. As the world's third-largest oil importer and consumer, India prioritizes stable petroleum supply. Presently, it has three operational SPRs with a combined capacity of 5.33 MMT. To bolster energy security, India plans two new facilities in Karnataka and Odisha, with private companies permitted to trade 100% of stored oil in a public-private partnership model, enhancing SPR capacity and financing.
