“Our LPG demand is increasing annually by about 10 per cent now. Hence, to meet the set target, we will have to come up with these investments within the next three years,” IOC Chairman B Ashok told Business Standard. Currently, India imports about 50 per cent of its LPG requirement from abroad. Pradhan added that keeping this in mind, the country is coming up with its longest LPG pipeline from the Kandla coast in Gujarat to Gorakhpur in eastern Uttar Pradesh —covering Ahmedabad, Ujjain, Bhopal, Kanpur, Allahabad, Varanasi, and Lucknow. This is expected to carry 3.75 million tonnes of LPG a year and cover 2,650 km. The project may see an investment of about Rs 7,000 crore.
“For every 10 million connections, we need investments worth Rs 10,000 crore on LPG infrastructure. We added 4,600 new distributors in the past three years and would like to increase this number to the tune that we will have at least one distributor every 7-10 km,” Pradhan added.
Under the PMUY scheme, the government is looking to provide 50 million gas connections in three years, for which the government has allocated Rs 8,000 crore. The government support comes to the tune of Rs 1,600 for each family. Pradhan stated that the government is planning to increase the target number considering the success of the scheme and that the Union Finance Ministry is set to take a call on this soon.
Modi’s pet social sector scheme is considered to be a major catalyst in registering a massive win for the Bharatiya Janata Party in the recently concluded elections in Uttar Pradesh, Uttarakhand, and local body polls in Odisha and Maharashtra. “Before the launch of PMUY, the LPG penetration in Uttar Pradesh was a mere 53 per cent, which has zoomed to 74 per cent now. This is almost the same in states like Bihar, Odisha, Chattisgarh and Madhya Pradesh, where the penetration was low,” he added.
1) So far, PMUY has added 21.7 million families since May 1, 2016, when it was kicked off at Ballia district in Uttar Pradesh.
2) Modi’s pet social sector scheme is considered to be a major catalyst in registering a massive win for the BJP in the recently concluded elections in Uttar Pradesh, Uttarakhand, and local body polls in Odisha and Maharashtra.
3) For every 10 million connections, investments worth Rs 10,000 crore on LPG infrastructure are required.
4) India added 4,600 new distributors in the past three years and plans to have at least one distributor every 7-10 Km soon