Public Sector Oil Companies Improvements

Entire Malaysia has moved to new level and become developed country due to PETRONAS a single public sector petroleum company but we have so many public sector oil companies but they continuously talk about loss only when the population of India needs so much oil to travel. So govt needs to work out a master plan copying the strategies of Shell and PETRONAS to become a richest companies in the world.

Once they become richest countries we can use those funds to do several initiatives. They can create subsidiaries in various fields like manufacturing and try new avenues with the funds from oil. Similar to TATA group all oil companies can expand in all fields once they get lot of revenue from oil business.

All oil companies in India must aggressively look out for sources outside India if possible in different brand name also. In future we need to make them global oil companies not just an Indian brand. They should be part of F1, etc,. To make quality fuel and improve further on yearly basis on R&D in fuel.

They must setup a new construction company subsidiaries and work on constructing huge buildings for themselves and joint partnership with major Indian firms or financial institutions and aim to create tallest building in Asia with office space, mall and govt space, etc,. Only Tall buildings in world over are respect of infrastructure growth. Currently in India high rise buildings are low. At least for now they must attempt buildings with more than 50 plus floors for their offices and also rent out space. Don’t think they are waste of money but they show our power and strength and slowly the space will be occupied. If constructed in prime locations of Mumbai or Delhi or Bangalore or headquarters of the companies will add values. Currently high rise buildings in India are very less compared to other countries.

All oil companies in their petrol bunks they must allocate or add space and create a new brand or subsidiary which will setup shops at petrol bunks which will sell water, soft drinks, clothing, petroleum products, mechanic to repair, etc,. In highways for travellers to relax and buy in long journeys currently the petrol bunks of India just put fuel in tanks which does not help.