Login

Japan's Osaka Gas Plans To Enter India's City Market

The Indian government is promoting the use of natural gas and grants operators exclusive marketing rights and infrastructure ownership for a certain period, Osaka Gas Co said.
Calendar-icon

By car&bike Team

clock-icon

1 mins read

Calendar-icon

Published on December 31, 2021

Follow us on

google-news-icon
Story

Highlights

    Japan's Osaka Gas Co said on Wednesday it plans to enter India's city gas market as a part of efforts to expand its overseas businesses to drive profit growth. "We want to be the first Japanese company to enter the Indian city gas market as a joint venture with a foreign partner with expertise in city gas infrastructure," a spokesperson said, adding that the entry will likely happen "in the near future."

    The Indian government is promoting the use of natural gas and grants operators exclusive marketing rights and infrastructure ownership for a certain period, they said.

    The Japanese city gas supplier aims to supply natural gas to vehicles, homes and industries in India, using lorries and pipelines, as natural gas vehicles account for the majority of city gas demand in India, they added.

    Osaka Gas has stepped up overseas expansion in a bid to achieve its long-term goal, set in 2017, to triple its recurring profits by 2030, with contribution from abroad to account for one-third of the total profit, from about 5% in 2017.

    (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    Latest News