India: The Second Largest Oil Refiner of Asia& the 4 th largest importer of liquefied natural gas (LNG)
INTRODUCTION
After The United States and China, India has the third-largest market for oil and energy consumption.
SNAPSHOTS
India consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas.consumed 213.2 MMT petroleum products and 60,747 MMSCM natural gas. The import dependency of crude oil and LNG during 2018 was 82.59% and 45.89% respectively. During 2018, petroleum import bill was $ 112 bn, a growth of 27% over $ 88 bn during 2017 – 18, and 23.42% of total gross import of the nation. India’s projected oil demand is going to grow at CAGR of 4% during 2016 – 2030 against the world average of 1%, though the projected oil demand will be much lower as compared to the US and China.
Market Size , Growth & Scope
India is the 3rd largest consumer of crude oil & petroleum products in the world,Second largest refiner in Asia &largest exporter of petroleum products in Asia too,230 billion-barrel O+OEG conventional hydrocarbons in over 3 mn sq.km area, spread over 26 sedimentary basins, is available for investors
India aims to reduce oil and gas imports dependence by 10% by 2022The demand for petroleum products is estimated to reach 244.960 MT by 2021-22 at a CAGR of 10%The total number of fuel retail outlets increased from 18,848 (2002) to 64,624 (2019) at a CAGR of 7.5%. State-owned marketing companies are planning to add 78,000 new fuel retail outlets.
Investment Opportunity
Investments worth US$118 bn is in focus by 2024. Recently, the Indian Government has taken initiatives to allow a hundred percent Foreign Direct Investment (FDI) in the private sector and upstream projects for oil refining.Present share of natural gas in the energy mix of the country is 6%. The aim is to increase it to 15% by 203012 Biofuel refineries are planned to be opened with an investment of $1.5 bnIndia is the 2nd largest consumer of Biogas with 5000 CBG plants to be opened by 2023 under the SATAT scheme . Ethanol blending in petrol will grow from 5% to 20% by 2030 in India.
Investible Projects
- Investment opportunities is worth US$522.78mn total with 3 major projects 2 & 1 private projects. At present, the country is in an advantageous position, with an increase in the FDI investment limit to 49%. In fact, this counts for no disinvestment or dilution of existing domestic equity of the PSUs. India’s oil refining capacity reached 249.4 million tonnes in March 2020. This made the country the second-largest oil refiner in entire Asia. It is expected that the rapid growth of this sector is going to attract investment of $25 billion by the year 2022. World Media Network presents all this information through the multi-channel network. The network has capable professionals to report on the current condition of the oil and gas sector of India.
- The oil and gas industry is undergoing a transformation as it grapples with attracting new investors
- The oil and gas industry is undergoing a transformation as it grapples with attracting new investors, a lack of pipeline infrastructure, competition from other energy sources, political pressure, relatively low commodity prices and investor demands for reduced carbon emissionDespite these pressures, demand for oil and gas remains high. While some companies, including Shell, BP, Total and Equinor, have increased their spending on renewable energy and introduced carbon reduction targets. The sector must continue investing in new projects to meet future demand for oil and gas as economies in Asia grow.
SCOPE- INVEST INDIA – “WMN” VITAL ROLE IN TERMS OF FDI
”WMN” is playing an important role in all the categories and sectors,
“ WORLD MEDIA NETWORK” is venturing into a Press Release distribution company covering over 180 countries and more than twenty-five languages across the world. Covering Digital News, Television, Print, Radio, Billboards, Airports, Multiplexes,Talk shows .
Press releases are based on Industry standards and timely Coverages help in business development and scope of growth among the countries and FDI’s “WMN” is helping upcoming n existing businesses to grow within the perpetual business as the government is working towards domestic and international Tie-Ups .
Most service-oriented industries need to be promoted through WMN with direct and indirect participation and looking for opportunities for Franchising modules in the world.
“WMN” LEAD GENERATION
There are two types of lead within the lead generation market: sales leads and marketing leads. A Sales lead is generated on the basis of demographic criteria such as FICO score (United States), income, age, home Income, psychographic, etc. These leads are resold to multiple advertisers. Lead generation describes the marketing method of stimulating and capturing interest in a very product or service for the purpose of developing a sales pipeline. Lead generation typically uses digital channels and has been undergoing substantial changes in recent years from the increase of the latest online and social techniques.
MINISTRIES OF THE GOVT.OF INIDA “WORLD MEDIA NETWORK” ASSISTANCE
“ WMN’’ will guide the corporates/ company/ individuals in establishing the business in India depending on the states to get the required permissions from the Ministries of The Government of India.
The Ministries include
Ministry of Health
Ministry of Railways
Ministry of Power
Ministry of Electronics & Information & Technology
Ministry of Communication
Ministry of Tourism & Transport
Ministry of Civil Aviation
Ministry of Petroleum & Natural Gas
Ministry of Chemicals & Fertilizers.
Ministry of Commerce & Industry
Ministry of Ayush
Ministry of Agriculture & Farmers
Ministry of Department of North East region
Ministry of Earth Sciences
Ministry of Environment, Climate change & Forest
Ministry of External affairs &Finance
Ministry of Fisheries, Animal Husbandry, Dairying
Ministry of Heavy Industries& Public Enterprises
Ministry of Home Affairs, Housing &Urban Affairs.
Ministry of Human Resources Development
Ministry of Information &B broadcasting
Ministry of Jal Shakti
Ministry of Law &Justice
Ministry of Labour &Employment
Ministry of MSME’s
Ministry of Mines
Ministry of minority affairs
Ministry of New & Renewable Energy
Ministry of Panchayat Raj
Ministry of Parliamentary Affairs
Ministry of Personnel, Public Grievances & Pension
Ministry of Science & Technology
Ministry of Rural Development
Ministry of Road Transport & Highways
Ministry of Shipping
Ministry of Skill Development & Entrepreneurship.
Ministry of Social Justice & Empowerment
Ministry of Steel, Textiles, Tribal affairs.
Ministry of Women & Child Development
Ministry of Youth Affairs & Sports
Ministry of Statistics & Programme Implementation.
RURAL MARKET IN INDIA& INVEST IN INDIA
“WMN”STRATEGY
Importance of brand visibility in Rural Markets of India for high brand Recall & Pull. It’s easy to ignore other languages if one the dominant language makes up the majority. While English does make for the majority, there is a section that only consumes content in a regional language and this section could be your most important target audience. To be present Indic content we also encouraging websites to enagage consumers in multiple languages.
”WMN”is going to support in many ways through various resources. In Moral, Development of any country not only depends on the continuous development of the urban areas but also relies on the development of the small towns and rural areas. Government, as well as individual actions together, contribute towards the success of any country as a whole. The Major industries in Rural market segments are mainly covered with as….
1)FARMING
2) ORGANIC FARMING.
3)LIVESTOCK FARMING
4)FISH FARMING
5)FIVE STORES IDEAS ie SEEDS & FERTILIZERS STORE,GROCERY STORES,ICECREAM & SWEET STORES,CLOTHING & CHEMISTS STORES.etc.
6) DAIRY FARM BUSINESS
7)POULTRY,SMALL SCALE UNITS MANUFACTURING UNITS & CONSTRUCTIONS.
8)LOW BUDGET VILLAGE BUSINESSES etc.