‘Make in India’ – An International...
Transcript of ‘Make in India’ – An International...
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‘Make in India’ – An International Perspective
By Subramanian Sarma
PETROTECH 2016, NEW DELHI
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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
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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
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Major opportunity to position ourselves as a Global Manufacturing & Services Hub
Relatively Low Cost Base
Large Talent Pool
Long Industrial Heritage
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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
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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
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Leap Forward in Quality Consciousness
Henry Ford(founder Ford Motor Company)
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Taking Pride in One’s Work
Every job is a self-portrait of the person who did it. Autograph your work with excellence.
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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
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We need to propagate these values in our Schools
(former President, South Africa)
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‘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
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A successful ‘Make in India’ campaign can usher in a new dawn for the Indian Economy
Thank You