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Energy giant Shell plans to open 1,200 gas retail outlets in India with a potential to create around 2 lakh jobs in the next decade.
Talking to the newspersons at the launch of Shell’s start-up incubator cum accelerator, Nitin Prasad, Chairman, Shell Companies in India, said that every retail outlet can create 50-70 jobs. “If you do the math, the opening of 1,200 outlets can create close to 1 lakh jobs. Another lakh can come by selling lubricants, servicing other auto sector requirements and indirect jobs,” he said.
Acquiring licence
The energy giant did not give a definitive time frame as to how many outlets it will open every year as the process of getting a licence for a petrol station is time consuming. However, Prasad said that Shell India has acquired land for 150-200 sites across the country and operates around 120 retail outlets.
This development comes in the backdrop of recent statements made by Shell senior executives who are readying the ground on the assumption that if India continues to prosper, it will be the fastest growing energy market in the world by 2030s.
Paris Agreement
Shell also is aligning with Indian start-ups who can help come up with solutions to meet its goals set at the 2015 Paris Agreement on climate change. The agreement seeks to keep the increase in global average temperature below 2⁰C, above pre-industrial levels. In India, Shell has announced its incubator and accelerator programme and is handholding five start-ups in Bengaluru. “Start-ups in the energy sector need six months to two years of mentoring. It includes stringent testing and prototyping of products used in the industry to enable them to create business models,” said Prasad.
The five start-ups that have been finalised to go through this programme include Detect Technologies, ION Energy, IOTrek, Ossus and Trashcon. These start-ups work on a range of solutions from gas pipeline monitoring using automated drones to recovery of green chemicals from waste water.
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