How can India save or Earn Rs. 200 crore Each and every day of the year

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(Free-Press-Release.com) February 17, 2009 -- Plan for: How can India save or Earn Rs. 200 crore Each and every day of the year and achieve 100% self sufficiency in Oil Production
India imports oil & Gas worth Rs 300,000/- to Rs. 500,000 crore each year. India has huge oil & gas reserves which can easily meet India's total energy requirements. Satellite photos have clearly shown that this is a fact.

Ambani’s recently discovered huge oil off the coast in Godavri-Krishna basin. They are planning to produce oil worth Rs.100,000 crore each year.

Now only if India tackles Oil Independence goal on war footing within next 5 years India can become 100% self sufficient in Oil Production.

Action plan on how to become 100% self sufficient in Oil Production

Ambanis will likely produce Oil worth Rs.1,00,000 crore each year, if we have 10 such projects then India can easily produce oil and gas worth of Rs. 4,00,000 crore.

1. For this purpose, Govt. should immediately allocate 50 more blocks to top 10 international companies on production sharing basis.

2. Govt. should utilize part of its foreign exchange reserve & invest needed 50% to 80% capital needed by Indian companies.

3. All type of clearance for these projects should be given in one window within 30 days.

4. As this project is of top most national importance no legal on other hurdles should be allowed to came in a way. Therefore a new law should be passed to exempt these companies from unnecessary legal hurdles.

5. The best way will be to let Govt. make 100 companies and get all the approvals needed for drilling and off shore drilling in these new companies and sell these companies to the highest Indian bidder with 50% Govt. shares. So the buyers can immediately start their work.

6. The Govt. should help open factories in India to make deep water platforms & Drilling Rigs. Govt. can give 90% loans to the interested companies. They can also be produced in foreign joint ventures.

7. As far as Govt. companies’ record is concerned, it is very bad because,

O.N.G.C announced 30 years ago that with Bombay high production & other new production India will reach 100% self sufficiency within 10 year, at that time India was importing 40-50% of its need. Now India is importing 70-80% of its need even now after 30 years. So we should learn a lesson here.

8. This whole project should be 100% Tax free as Govt. will also be share holder of 50% in all these new companies. Govt. will get 4 times more income (as its share of oil) compared to income from taxes.

9. A symposium of top international experts in this field should be organized along with Indian Industries to give boost to this plan. All expenses should be paid by this new Govt. body including 1st class Air Travel.

10. State of art firefighting equipment & technology should be acquired and given to Indian companies.

11. We will need 10,000 new Engineers to work in energy field. Therefore 4 new oil & gas International standard Universities shoul