The paper was presented at 2nd Annual Offshore Support Vessels Asia Pacific conference organized by IBC Asia in Singapore on April 27, 2010. The presentation describes the long term sustained opportunities India has for the offshore oil and gas Services Company. It also describes various legal and regulatory issues to be dealt with while entering Indian market. The presentation has statistics related to the offshore fleet both Indian owned and foreign owned working in India. It has touched upon the future supply scenario for offshore vessels in India.