<div>Videocon Industries plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business.</div><div> </div><div>"Brazil oil finding is four times higher than the largest oil field in India ... It's just (the) beginning," billionaire Venugopal Dhoot told <em>Reuters </em>at the sidelines of an industry event.</div><div> </div><div>A consortium that includes Videocon and Brazilian state-run oil company Petroleo Brasileiro SA (Petrobras) earlier this year discovered new light crude oil in the Sergipe basin off Brazil's northeast coast.</div><div> </div><div>Videocon, which gets most of its revenue from its consumer durables business, has expanded its oil and gas business in recent years with investments in countries including Australia and Indonesia.</div><div> </div><div>In the next three years, Videocon, which also has interests in telecoms and power, will be known as an oil and gas firm, Dhoot told <em>Mint </em>newspaper last month.</div><div> </div>
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