The natural gas sector is among the eight core industries in India and plays a significant role in influencing decision making for all the other important sections of the economy. As of 2018, the estimated reserves of natural gas in the country was 1,339.57 billion cubic meters (BCM).
100 per cent foreign direct investment in petroleum and natural gas is allowed in exploration activities under automatic route.
49?I in petroleum sector is allowed in by the Public Sector Undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs under automatic route.
ABOUT THE COMPANY
The company’s latest undertaking was an energy development project that they hoped would result in an overall economic development by embarking on the path toward energy independence. The company was also facing marketing challenges, especially in the B2B context.
While the firm was clear with the basis of their project, they lacked the necessary investment to kickstart the mammoth project. The project also included hiring a workforce.
As is first with every project we accept, we thoroughly researched the plan to deduce the foreign direct investment availability. We mapped the entry routes and any complications the project may face in the future. The challenge for us was to guide the entire project through the lengthy process of foreign direct investment without incurring major difficulties.
We connected the company with interested foreign investors, and hereafter, the project commenced.