Future Business Prospects and Marketing Strategies of Oil and Energy Marketing Companies (Under Government of India)

Future Business Prospects and Marketing Strategies of Oil and Energy Marketing Companies (Under Government of India) Shubham Parsoya Ph.D. Scholar/Research Scholar, Sangam University Bhilwara (Rajasthan), India Priyanka Parsoya Ph.D. Scholar/Research Scholar, Faculty of Social Science & Humanities, Pacific University Debari, Udaipur, (Rajasthan), India Dr. Asif Perwej Associate Professor, Sangam University, Bhilwara (Rajasthan), India Abstract: The prosperity of a country depends directly on the development of agriculture and industry. For adequate agricultural production, many types of other facilities are required such as operating power, transport, energy generation, and many types of other facilities. Whereas for industrial production and development not only machinery and equipment but also skilled manpower, management, energy, etc. facilities are needed. All these facilities and services are collectively called infrastructure. India has both commercials as well as non-commercial sources of energy. Our Indian government is also engaged in the discovery of various types of unconventional sources of energy to give extra support to the development of country India. Consumption of petroleum products in India in 1973 was about 240 million tonnes, which increased to 1382 lakh tonnes in the year 2009-2010. Crude oil production in India is only about 335 million tonnes, whereas the consumption of crude oil in India is at a much higher level than its actual production in country India. Due to this, in 2008-2009, India had imported 138 million tonnes of crude oil from outside, which went on steadily increase over time. As a result of this, foreign exchange is going outflow against the import of crude oil in India. Keywords: energy, petroleum, diesel, fuel, agriculture, promotions, infrastructure, prosperity, transport, power, development Vidyawarta® Peer-Reviewed International Journal Interdisciplinary Multilingual Refereed Journal Jan. To March 2020 Issue-33, Vol-09 MAH MUL/03051/2012 ISSN: 2319 9318 Impact Factor 7.041 (IIJIF)Description About the author: - Mr. Shubham Parsoya, Ex-Assistant Professor, School of Management Studies Ph.D. Research Scholar (Management) Master of Business Administration in (Human Resources Management and Marketing Management) from Guru Gobind Singh Indraprastha University, New Delhi, India Bachelor of Commerce Lean Six Sigma Champion Certified, School of Business Leadership Colorado, United States Six Sigma Yellow Belt Professional, Project Management Institute Accounting Fundamentals Certified, Corporate Finance Institute, Vancouver, Canad