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India, the third-largest oil user and importer in the world, imports more than 80% of the crude oil it uses and is looking to reduce its import costs.
In an effort to improve connectivity, India and Sri Lanka on Saturday began operating ferries over the Palk Strait, nearly 40 years after the island nation’s civil war severed the connection between Nagapattinam in Tamil Nadu and Kankesanthurai in Jaffna.