Need to hike localisation in oil & gas: Petroleum secretary Tarun Kapoor

Kapoor gave the example of gas meters and said there was currently not enough capacity in the country to manufacture them

There is a need to increase localisation of products that are being used in the oil and gas sector, Petroleum Secr­etary Tarun Kapoor said.
 
“We are looking at a large number of products that are being imported. We want them to be made in India. We have asked Engineers India to work on vendor development. The government sector alone in the oil industry has a capital expenditure of over ~1 trillion a year, there is operating expenditure also. And the private sector is spending too. In all, around ~1.5 trillion to ~2 trillion is spent by this sector annually,”