CASE FOR POLICY REFINING
Article Abstract:
Bharat Petroleum, a leading refinery company, plans to invest Rs7,000 crore on diversification into the petrochemicals sector. The policy of the Government of India in 1997-98 had supported a high-cost capacity expansion projects. The petroleum refining sector has become capital intensive but its value addition has been only 10-15 percent. The Cabinet of the Government of India has already approved the long-term tariff policy seeking a 21 percent duty differential on refined petroleum products, which translates into 200 percent protection for the value added. With this, the gross refinery margins are projected to increase to $6 or more per barrel by 2001-2 AD. These views have been expressed in an editorial. (gs)
Comment:
Plans to invest Rs7,000 crore on diversification into the petrochemicals sector
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WHERE NO COLA HAS GONE BEFORE
Article Abstract:
The Indian soft drink market will soon witness expansion battles between Pepsi and Coca Cola as they strengthen distribution networks and marketing. Pepsi plans to reach out to an additional two lakh outlets in 1999 against its existing five lakh outlets and corner a million outlets by 2000 AD. Coca Cola says that it will increase its network to 9 lakh outlets in 1999 against seven lakh outlets in 1998. Coca Cola, which already has huge capacities, is expected to set up a handful of plants while Pepsi plans to set up at least 5 new bottling units and expand capacities in 11 existing units in 1999. (khr)
Comment:
The Indian soft drink market will soon witness expansion battles between Pepsi and Coca Cola as they strengthen distribution networks and marketing.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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