‘Make in India’ – An International...

‘Make in India’ – An International Perspective

By Subramanian Sarma

PETROTECH 2016, NEW DELHI

FY 2014-15

FY 2015 -16

37.5 36.9

165.5 184.7

OIL*

Domestic Production

Total Consumption

FY 2014 -15

FY 2015 -16

32693 31138

51229 52448

GAS*

Domestic Production

Total Consumption

2nd Largest Refiner in Asia & growing

3rd Largest Consumer of Oil & Gas products in the World

India – A mature and growing Hydrocarbon Market

Demand to double to 10.3 MBPD by 2040

Retail Market worth approx. USD 117 billion per year

MMSCMAMMTA

* Source : Petroleum Planning & Analysis Cell, MoPNG, Govt. of India

However India’s dependence on Imports remains high!

Especially in Complex machinery, Specialized Equipment & Services, High End Fabrication etc

The ‘Make in India’ Campaign is a step in the right direction

Major opportunity to position ourselves as a Global Manufacturing & Services Hub

Relatively Low Cost Base

Large Talent Pool

Long Industrial Heritage

To Sustain ‘Make-in-India’,we need to build a robust ‘Made in India’ Brand

‘Made-in-India’ has to become the natural preference for Customers & Consumers

To build the ‘Made in India’ Brand, we need a Paradigm Shift in our attitude towards some underlying issues

Quality Consciousness

Sense of Pride

Honouring Commitments

Imbibing Technological Change

CivicSense

Health Safety & Environmental Awareness

Leap Forward in Quality Consciousness

Henry Ford(founder Ford Motor Company)

Taking Pride in One’s Work

Every job is a self-portrait of the person who did it. Autograph your work with excellence.

Commitment is what transforms a promise into a reality... Commitment is the stuff character is made of; the power to change the face of things. It is the daily triumph of integrity over skepticism.

Abraham Lincoln(former President, U.S.A)

Honouring Commitments

We need to propagate these values in our Schools

(former President, South Africa)

‘Make-in-India’ also has to be supported by the right policies to nurture the ecosystem

& build the track record

Incentivize Indian Content in Domestic Oil & Gas Projects

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It will take collaborative effort from all stakeholders to make this initiatve a success

End-UsersEPCsSuppliers Policy MakersRegulators

A successful ‘Make in India’ campaign can usher in a new dawn for the Indian Economy

Thank You