- Refining & Marketing
Shell announces plan to open 1,200 fuel retail outlets in India
Shell says it plans to open 1,200 fuel retail outlets in India, which has the potential to create around 200,000 jobs in the next decade. Currently, Shell operates around 120 petrol stations in India.
According to Nitin Prasad, chairman, Shell Companies in India, every fuel retail outlet can create between 50 and 70 jobs.
“If you do the math, the opening of 1,200 outlets can create close to 1 lakh (100,000) jobs. Another lakh can come by selling lubricants, servicing other auto sector requirements and indirect jobs,” he said.
Prasad did not give a definite time frame as to how many fuel retail outlets will be opened every year, as getting a license to operate petrol stations is a time-consuming process. Prasad did say, however, that Shell has already acquired land for 150 to 200 sites across India.
Shell senior executives have made recent pronouncements that if India’s growth trajectory continues, it will be the fastest growing energy market in the world by 2030.