The energy sector holds the key in accelerating India’s economic growth. The rapidly growing industrial base, urbanization, as well as improvement in the standard of living have widened the gap between energy demand and supply.
As demand for energy in India is projected to grow at a steady rate, there is ample scope and opportunity for companies to invest in various streams of the Oil and Gas industry in the country. With each new discovery in gas and/or oil, India’s global status as a serious investment destination for exploration increases. With its increased refining capacity and exports of petroleum products, India has begun to attract various private sector companies including the foreign companies to venture into this stream.
It is said that power or electricity is the most critical component of infrastructure, which affects the economic growth and well-being of a nation. With major developments in the infrastructure sector and improvement in the standard of living, the demand for power in the country is expected to grow at a rate of 10-12 per cent up till 2017.
With many bilateral nuclear agreements in place, India is expected to become a major hub for manufacturing nuclear reactors and associated components.
Market-oriented reforms, such as the target of 'Power for all' by 2012 and plans to add 88.5 gigawatts (GW) of capacity by 2017 and 100 GW by 2022, provide high incentives for capacity addition in power generation, which would increase the demand for electrical machinery. Foreign participation in the development and financing of generation and transmission assets, engineering services, equipment supply and technology collaboration in nuclear and clean coal technologies is expected to increase.
The Energy sector has immense potential and prospects for growth and profitability in the future.
Transjovan Capital's expert advice can help emerging and established players in the industry to chart a well-planned strategic roadmap to tap the various opportunities going forward. Our team can also address your financing requirements and provide assistance in rolling out strategic initiatives for expanding in new markets or for launching new products or services.