- India has enjoyed observer status at the Shanghai Cooperation Organisation since 2005, and now has joined the organisation as a member. It believes membership of SCO will help expand its footprint in hydrocarbon-rich Central Asia, Russia and Eurasia.
- The formal announcement on India’s membership could come at the next SCO summit in Ufa, Russia on July 9-10.
- India believes it stands to benefit from the SCO membership since this will help the country participate in major gas and oil exploration projects in Central Asia.
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It was launched by Union Minister of State (MoS) for Petroleum and Natural Gas at ...