US-based industrial gas company Air Products and Chemicals India can invest 5 to 10 billion dollars (about 74 thousand crore rupees) in the next five years. The company will do this investment in coal gasification projects in the country. Air Products is the world leader in coal gasification and operates several world-class coal gasification complexes in the country as well. In the country, it has partnered with big companies like Coal India and through these supplies industrial gas to its customers.
Recently the company has invested in Indonesia. Richard Boock, Senior Vice President and Chief Information Officer, Air Products, told BusinessToday.in that the company will start with the first $ 2 billion investment in the country, just like Indonesia. Air Products has more than 750 factories in 50 countries of the world and supplies gas to more than 30 types of industries.
The company is now seeing the country as a big market because the coal sector is now being opened to the private sector in terms of energy security in the country. Boock said, 'The industrial gas industry is to a large extent locally because its transportation is a big issue. The country is a growing market for manufacturing and industrial gas consumption has increased due to its 'self-reliant India' policies.'
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