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‘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
+
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
