🚀 Andhra Pradesh is powering India's private space ambitions!
Astrobase Space Technologies has developed India's first private 200-ton thrust cryogenic engine test facility in Anantapur, spread across 21.5 acres.
The facility will test its advanced 80-ton Full-Flow Staged Combustion (FFSC) LOX-LNG engine, a major milestone for indigenous rocket propulsion.
In today’s turbulent geopolitics, it is critically important for every large nation to secure energy independence. India is vulnerable because we import 90% of our oil and gas. We are surrounded by sea on three sides which can be blockaded in hostile times. There is no option but to raise our domestic production. We are the world’s fastest growing market for oil and gas. And our demand will keep growing for another 20 years at least.
Fortunately, we are blessed with tremendous resources, 300 billion barrels equivalent. More than 30 times Guyana’s potential. We also have amazing entrepreneurs - our businessmen, youngsters and startups. Across the world, in America, Middle East and Europe, 10% of experts in this industry are Indians. So, we have talent. What we need to do is exploration. That is the core of this business. Two decades ago, the US was dependent on hydrocarbon imports and vulnerable. They changed it by opening up exploration to entrepreneurs and making it lucrative for them. Even backyards of homes and farms were explored. Everyone benefited.
I have been in this business for the last 15 years and I can say with confidence that we can produce at half the cost of imports. At the same time, we have contributed $40 billion dollars to the exchequer. Over the years, Cairn has produced 1.3 billion barrels. This sector is among a few that has no government protection or incentive like PLI.
To unlock India’s full potential, we need more exploration. Today, there are hardly 200 active licences in India when there should be 2,000. The industry and potential investors fear processes, notices, court cases and taking away the licenses. Even one court case or notice in the public domain catches like fire in the world. I am reminded of what happened in the Ghana bird sanctuary in Bharatpur which, once upon a time, used to get birds from all over the world, some flying 5,000 miles. It would have been the world’s finest, until 10 or 15 years ago, a hunter shot a couple of birds. The other birds stopped coming. It is taking years to recreate a favourable environment.
The world doesn’t want India to produce. It only wants India to be a market. But only domestic production creates jobs, which is proven in other parts of the world. We must push back. We must fight to be self-sufficient. After all, this is a country which used to be import dependent on food. And then became self-sufficient. It all happened because the government created a movement to make the country self-sufficient.
Today, the world is rapidly securing its own energy and mineral resources. India must also move quickly to make full use of what lies below the ground. The Government has been encouraging growth, collaboration and investment. At Vedanta, our goal is to increase our production five times. For India, production must grow ten times to meet future needs. This will support economic growth and the vision of Viksit Bharat.
My vision is to see thousands of drilling rigs operating across the country. Even startups and small entrepreneurs can participate with an investment of around ₹5 crore through leasing of rigs. What we need most is stable and supportive environment. This is the right time to shift from heavy regulation to facilitation for exploration and production so the nation can move towards energy independence.
We have a long journey ahead but our potential is extraordinary.
@Amul_Coop@Amul_Coop kindly work on improving the quality of your Amul Masti Dahi and challange
@TrustifiedIndia to test your dahi again after you rectify your mistake.
A Tax Payer who pays :
• Income Tax
• GST(indirect)
• Cess
• Pays for his health insurance
• Pays for their children's education
• Pays Road Tax for good roads
• Pays Toll Tax for good roads
Now tell me the benefit he/she receives after
paying all the above?
Ans-Zero
@nsitharaman now is the right time bring down the corporate tax to 20% from the current 25%, which will help attract a lot of foreign investors who turn to countries like Singapore and Dubai because of low corporate tax there.
@nsitharaman@narendramodi Kindly listen to all the hardworking direct
Tax payers and exempt the Tax for people
earning upto 15 LPA., and a maximum tax
rate of 20% for the people earning higher
than that.
@AndheriLOCA@marinebharat I am from Vapi and it is well connected with city , you are misinformed.
Vapi is the biggest hub of chemical Industry in India thus creates a lot of jobs for people so the station makes sense Einstein.
Vapi is the only way to connect to Union territory like Daman & Silvassa
Union Cabinet approves LIGO-India! Major milestone towards expanding frontier scientific infrastructure in India.
The advanced gravitational-wave detector to be built in Maharashtra at an estimated cost of Rs 2,600 crore
https://t.co/U8hax0IABb
HISTORY!!!!!!! On their 19th anniversary of being a company, @SpaceX proved their Starship vehicle’s wacky landing maneuver works!!! They NAILED THE LANDING!!! That was incredible!!! Congrats @elonmusk and the rest of the team!!!! That was unreal!!!
#PeakyBlinders star Cillian Murphy remembers Helen McCrory as a "fearless and magnificent" actor: "She elevated and made humane every scene, every character she played. It was a privilege to have worked with this brilliant woman" https://t.co/iSB41PhaxS