India's gas output to reach 160 mmscmd by 2020-21

India's gas output is expected to reach 160 mmscmd per day by 2020-21 from the current 92 mmscmd per day,as several gas fields belonging to state owned,ONGC and Oil India-OIL,and also those owned by private groups like Reliance Industries Ltd-RIL and British Petroleum-BP-which are already to start production-are expected to add up to the current output levels in the next five years.
This would be good news for several gas-based power plants across India,which have been running at less than half their capacity owing to lack of natural gas availability.Enhanced gas output is likely to propel these plants back to life.According to estimate,the combined capacity of such gas-based plants comes to around 24,000 mw.PMO held meeting in New Delhi with top officials of the ministry of Petroleum & Natural gas all the gas field development plans have been approved by the ministry.

The review meeting was held amid concerns within the Government about falling gas output from KG-D6 fields,quite a few of which are owned by RIL and BP.PMO officials reviewed the production plans of ready to produce gas fields belonging to all the aforementioned entities.ONGC,RIL,OIL and BP officials are learnt to have given presentations to the PMO officials about the gas gas fields having approved field development plans will help in enhancing the current output of natural gas of India by almost one and half times in the next five years.It is learnt that ONGC and OIL gas fields are expected to be the major contributors towards enhancing gas output of India by 2020-21.The basis of optimism expressed by ONGC,OIL as well RIL and BP on the India's gas output going up by one and half times,stems from the fact that all the companies have several gas fields lined up whose FDPs have been approved,and therefore they are ready to start production anytime now.

Some of the fields which are ready to start production are ONGC Daman offshore block,are also expected to ramp up the India's gas production with KG-basin.RIL and BP are also learnt to have displayed a list of blocks to the PMO officials,through which they are hoping to enhance their gas output in the next five years.

                                             
                                                      By Anil Kumar Upadhyaya
                                                             Business consultant
                                                             NYBC,Lucknow/India
                                                             email: au03976@gmail.com

Industrial Parks in India

Japan government firming up its promise to help Indian prime minister Modi build India's infrastructure and promote domestic manufacturing it doubles investment in India.Japan has identified 11 sites to set up Industrial townships/parks in India,which would serves hubs for investments in India.These industrial parks include Tumkur in Karnataka,Ghilot in Rajasthan,Mandal in Gujarat and Supa in Maharashtra.Japan will also provide soft skills training to Indian workers in the manufacturing sector to help bridge the demand-supply gap.Japan aims to double its investment in India to about $35 billion in next five years.The move would help bilateral economic ties between India and Japan.They are already primary investors in Indian economic corridors.This will support make in India campaign and transfer of technology.The Indian government plans to give concessions to Japanese companies in the Industrial townships what is offered to special economic zones and the proposed National Investment & Manufacturing Zones.

Special Economic Zones-SEZs are already duty free imports and 100% tax-free export income for the first five years,50% of the ploughed back export profit for the subsequent five years.NIMZs,under the national manufacturing policy,provide tax incentives to small and medium size enterprises.The development of the townships will be assisted by the respective state governments,the Department of Industrial Policy & Promotion and Japan's ministry of economic trade & industry.Japan is fourth largest foreign investor in India,contributing 7% to total FDI inflows since April 2000,according to DIPP.



                                                 
                                                                    By Anil Kumar Upadhyaya
                                                                    Business development consultant
                                                                     New York Business Consultant
                                                                         Lucknow/India
                                                                          email: au03976@gmail.com