Reasons to Invest

Reserves of Natural Gas in India is 1339.57 BCM
10,000 CNG stations to be opened by 2025
248.866 MMTPA at present, comprising of 23 refineries – 18 under Public Sector, 3 under Private Sector and 2 in Joint Venture (JV)

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Location Analysis

Policy Advisory/Representation

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Issue Resoution

Regulatory Clearance Facilitation

FDI Norms

100% FDI is allowed under the Automatic Route
100%

FDI Allowed

Government Support

LNG approved as fuel for highway transportation
  • Government of India aims to reduce the GST on CNG run vehicles from 28% to 5%.  
  • The Ministry of Road Transportation and Highways, GoI has notified dual fuel usage (diesel as the primary fuel and CNG and Bio-CNG as the secondary) in the agricultural and construction equipment sector to promote the use of alternative fuels.
     

Export Scenario

Exports of petroleum products were 65.69 MMT valued at INR 254018 crore during 2019-20
India is the 4th largest LNG importer in the world, with 7% from Australia, 44% from Qatar, 15% from Russia and 34% from USA.

Product Profiles

India has a Strategic Petroleum Reserves (SPR) capacity 5.3 MT across three locations - 1.3 MT at Vishakhapatnam in Andhra Pradesh; 1.5 MT at Mangaluru in Karnataka and 2.5 MT at Padur in Odisha

Team Articles

Feb 03, 2021
The Budget for the Aspirational “New India”

As India revives from the shackles of Covid-19 pandemic and…

Feb 02, 2021
Back to Growth: Union Budget 2021-22 announcement – Oil & Gas

While our government has kept fuel supplies running across…

Invest India Timeline

2021
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UN declares ‘Invest India’ winner of Investment Promotion Award 2020

The United Nations Conference on Trade and Development (UNCTAD) has declared ... Visit Page

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