Hydrocarbon Vision 2030 (ஹைட்ரோகார்பன் தொலைநோக்கு ஆவணம் 2030)

12. Make in India
The ‘Make in India’ initiative was launched by the Prime Minister of India on September 25, 2014, with
an objective of making India a manufacturing hub for key sectors. The Make in India programme
focusses on pursuing initiatives to facilitate investment and foster innovation, attract foreign direct
investment into the country, protect intellectual property rights of innovators by developing conducive
policies, and develop national manufacturing and raise its standards to global levels. The policy is the
first of its kind for the manufacturing sector, addressing regulation, infrastructure, skill development,
technology, availability of finance, exit mechanism and other pertinent factors related to growth of the
sector.
12.1 Key sectors
Key sectors identified for the Make in India drive are:
Oil and gas
Mining
Thermal power
Construction
Automobiles
Defense manufacturing
Renewable energy
Oil & gas is a key sector under the initiative as India is largely dependent on import of oil & gas to meet
its domestic requirement, with close to 80% of oil and 30% of natural gas being imported.
12.2 Make in India – Oil and gas sector
India is energy starved with one of the lowest per capita energy consumption within developing
countries. To boost manufacturing, maintain GDP growth rate of 7-8 % and lift the nation to the
developed category requires huge energy consumption. As per estimates, demand for energy will
increase roughly three times by 2035 to 1,516 MMTOE from the current consumption of 638 MMTOE
in 2014. With lower crude oil prices and the impetus on increasing consumption of natural gas, the
share of oil and gas in India’s primary energy mix will increase. Presently, oil and gas together
contribute around 30% of India’s energy requirement. To promote development of the country’s oil
and gas sector, the government has taken several initiatives:
Government will auction 69 marginal oil and gas blocks under the revenue sharing model.
These blocks are estimated to hold 89 MMTOE of oil and gas resources.
The government plans to announce the 10th round of bidding for the National Exploration
Licensing Policy; 60% of prognosticated oil and gas resources are yet to be harnessed.
Pricing reforms in the natural gas sector have been introduced to transition towards
international market-driven prices.
Policy formulated on coal bed methane (CBM) and shale gas to encourage E&P companies to
invest in the development of these energy sources.
12.2.1 Make in India – Northeast focus
The Make in India plan and the Northeast development can go hand-in-hand. The key manufacturing
activities that can be planned in the region to improve overall development of oil and gas sector have
been identified.
12.2.2 Upstream
Equipment such as drill pipes, nuts and bolts, casing and tubing, and well-head equipment will be
manufactured in the region for local consumption and export to neighbouring countries such as
Myanmar and Bangladesh. Further, setting up a service provider hub in NER can be considered so
that small and private players can have access to technologies/services that have been developed by
ONGC and OIL with their long experience of operating in the region.
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