A study prepared by the Council on Energy, Environment, and Water (CEEW) show that both the industries now employ around 21,000 people.
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Punjab and Madhya Pradesh are likely to witness a sharp increase in the subsidy support of 29 per cent and 49 per cent respectively
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Currently, crude oil, petrol, diesel, jet fuel or aviation turbine fuel (ATF) and natural gas are not included in the new indirect tax structure, which is set to kick in from July 1.
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The GST Council may decide to include natural gas in the Goods and Services Tax (GST) regime as a measure to provide some relief to the oil and gas sector
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These investments will give India 15.18 mt of oil equivalent. These compare to USD 28.48 billion investment by Indian companies overseas in the past 50 years, leading to about 10 million tonnes of oil equivalent.
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Noting that about 40 per cent of the investment has already been declared, he said the proposed investment is huge for a small state like Kerala.
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Oil and Natural Gas Corporation (ONGC) plans to use undersea infrastructure of Gujarat firm GSPC to produce gas from its own KG-basin fields in the Bay of Bengal
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The EESL would have the first mover advantage because it is the only firm providing complete energy-efficient solutions for different kinds of structures and buildings in the country.
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