The government’s increased emphasis on setting up of large-scale city gas distribution networks as well as its commitments to mitigate the emission of carbon dioxide, have led to the growth of the natural gas as a fuel in the country, particularly in cities such as Delhi and Mumbai. The Ministry of Petroleum and Natural Gas further plans to increase the number of compressed natural gas stations in the country from 2300 at present to 10,000 in the next 4-5 years. This is expected to provide a major impetus to the NGV segment in the country. However, several challenges across the value chain of the natural gas ecosystem need to be tackled in order to facilitate growth of NGVs in India such as high vehicle costs, vehicle weight and limited boot space.
In this webinar organised by the Federation of Indian Chambers of Commerce & Industry, the key stakeholders in the industry discuss about the potential of use of natural gas as a fuel, implications of the recent fuel pricing on the segment, emerging opportunities and the way forward for the growth of NGV industry in India.