Contribution of GAIL to the Indian Economy
The Contribution and Impact of GAIL to the Indian Economy is as follows:
- Increasing tax revenue: It generates significant tax revenue for the government which helped to fund important social and economic programs.
- Generating employment: It employed over 20,000 people directly and indirectly which helped to boost economic activity and create jobs in rural and urban areas across India.
- Industrial Development: Its’s reliable and affordable supply of natural gas supports industrial growth in India. Industries such as power generation, fertilizer manufacturing, petrochemicals, and steel production benefit from natural gas as a feedstock or fuel.
- Fuel Diversity: Natural gas is cleaner and more environmentally friendly compared to coal and oil. Increased natural gas usage helps reduce greenhouse gas emissions, improve air quality, and address climate change concerns.
GAIL Full Form
GAIL Full Form: GAIL is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. GAIL is India’s largest natural gas processing and distribution company. It is headquartered in New Delhi. GAIL is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). GAIL in India is one of the top companies in India and is the biggest company in the field of Petrol and Gas.
GAIL was incorporated in 1984 to lay down the infrastructure of gas supply in India. The company has since become a significant player in the natural gas industry in India. It owns and operates a network of around 15,413 km of natural gas pipelines spread across the length and breadth of the country. It also has interests in liquefied natural gas (LNG), petroleum products, and city gas distribution.
Table of Content
- What is the Full Form of GAIL?
- Products and Services offered by GAIL
- Brief History of GAIL
- Contribution of GAIL to the Indian Economy
- Reward and Achievements of GAIL