Several Indian companies have planned investments in Sri Lanka in the coming years. According to data from the High Commission of Sri Lanka in India, some big Indian companies operating in the Sri Lankan market include CEAT, Gujarat Glass, Indian Oil Corporation, Neelkamal Plastics, Gujarat Ambuja, Bharti Airtel, National Thermal Power Corporation, Welcome Hotels, Larsen & Toubro, Carin India, and Mphasis, among others
One of the fastest growing lubricant industries globally, the Indian lube market is expected to grow at a CAGR of 11.5 per cent to $7,713 million by 2017, according to Ken Research. Automotive lubes dominate the market. Power, chemicals, metals
The Adani Group and Indian Oil Corporation have plans to build a Rs 30,000-crore JV refinery at Mundra, which will provide Gautam Adani an entry into the oil sector while Indian Oil will obtain land port facilities for the proposed export-focused unit.
A consortium of Indian companies, ONGC Videsh, Indian Oil Corporation and Petronet LNG, are in the fray to acquire a 9 per cent stake in Russia Novatek LNG project in the Yamal Peninsula for $1.8-2 bn. As part of the deal, the companies have plans to buy 5 mn tonne of liquefied natural gas annually from the project.