
  <p style="text-align:justify;">
  Oil and gas sector is among the eight core industries in India and plays a major role
  in influencing decision making for all the other important sections of the economy.
  India&apos;s economic growth is closely related to its energy demand, therefore, the need
  for oil and gas is projected to grow more. In the last couple of years, the government
  has undertaken several forward-looking policy initiatives to drive investments and
  enhance transparency across the O&G value chain. Hydrocarbon Exploration
  Licensing Policy with Open Acreage Licensing Policy was introduced that allows E&P
  companies flexibility to select blocks of their choice and shift to the revenue-sharing
  model from the PSC model. Further, with an aim to boost production from marginal
  fields, Discovered Small Field policy was introduced. Enhancement of City Gas
  Distribution networks is also on the priority list as there has been an increase in the
  number of Geographical Area (GA) licenses. ASSOCHAM National Councils on
  Hydrocarbon regularly take up National and Global issues of prime importance to
  the interests of its members. It continuously interacts with the Central and State
  Governments and play an important role in the shaping various policy formulation.
  </p>
  