Braiding Machine Lace Making Machine,Jacquard Lace Machine,Shoe Lace Making Machine,Computerized Lace Making Machine Nantong Jielei Machinery Co.,Ltd , https://www.lacemachinery.com
Given that most of the energy companies in Europe and North America have recently reduced their spending, the Indian market has become a new battleground for the compressor industry. Although there are challenges in India, most companies will not give up the opportunity to win orders.
At the same time, bucking the trend has also brought benefits to India. Although the prices of equipment and services need to be discounted, the compressor companies are still flooding into the Indian market. In fact, in recent years, with the economic development, India has become one of the main forces in global energy consumption. According to a report released by the International Energy Agency (IEA) a few days ago, India is expected to surpass Japan in the second quarter of this year and become the third largest oil consumer in the world. If the current demand growth rate continues to be maintained, India’s oil consumption could even be in a few years. Within China exceeds China.
IEA data shows that in April this year, India’s oil consumption increased by 19% year-on-year. In the second quarter of this year, India’s oil consumption is expected to reach 4.1 million barrels per day, which is more than 3.8 million barrels per day in Japan. IEA Director General Van der Huven said at the recent OPEC meeting: “India will be one of the biggest drivers of global oil and gas demand growth in the coming years.
India’s energy consumption, especially oil and gas consumption, is heavily dependent on imports. Among them, 85% of oil demand is met by imports; natural gas import volume is also increasing year by year. According to data from the consulting company IHS, India has become the world’s fourth largest importer of liquefied natural gas (LNG) in 2013 and its consumption accounts for almost global The total amount of 6%, in 2014 was imported 10.04 million tons of LNG, successfully ranked among the largest LNG importers in Asia.
In order to solve the energy supply, the Modi government also tried its best. On the one hand, vigorously promote the development of renewable energy. At present, about 10% of the energy supply has been realized from alternative energy sources including solar energy, wind energy, and biomass energy.
The Indian government has also put forward a special national solar energy development plan and hopes to increase solar power capacity to 100 GW by 2022. The Indian government has also provided a large number of preferential policies for the development of alternative energy sources, such as helping solar energy projects to obtain land, building a large number of infrastructure such as transmission systems, water supply, roads, and communications networks, as well as providing some tax incentives. In addition, the Indian government also went into battle personally, cheering for investments in renewable energy and assisting the Indian renewable energy industry to attract over US$100 billion in investment.
On the other hand, India has not forgotten to expand its own oil and gas and other traditional energy supply capabilities. At the same time, India also encourages domestic refineries to expand their production scale to meet the rapidly growing demand. In view of this, it is imminent for the compressor industry to seize India's "battlefield."
The machine is suitable to produce different sizes and materials of 8, 16, 24, 32, 48 strands braided rope, which is widely used in shoelaces, fishing lines, sports ropes, bungee rope, skipping rope, climbing rope, pet rope, etc. The machine is equipped with a yarn break to stop automatically device and frequency converter. The machine has the characteristics of high efficiency, safety, and easy operation.
Compressor companies enter the Indian market
According to media reports, analysts had previously predicted that the global oil and gas companies may cut their spending by about one-fifth during the fiscal year. However, the National Oil and Gas Corporation of India (ONGC) is doing the opposite. As a result, a capital expenditure of approximately one-fifth will increase by the end of this fiscal year, making it possible to achieve a total expenditure of 362.49 billion rupees, or about 5.7 billion US dollars.