Incentives for domestic production will boost oil and gas sector: Mahurkar

Deepak Mahurkar, partner & leader PwC, underlines Budget expectations during an online chat

Ahead of the Union Budget, the oil and gas sector which is largely dependent on imports, expects the government to introduce incentives to attract investments for domestic production, Deepak Mahurkar, partner & leader (oil & gas), PwC said. 

Mahurkar also highlighted that innovative schemes should be introduced for hilly areas, remote places and small consumers.

He was responding to questions on a Business Standard live chat on what is required from Budget 2017 to ensure growth in India's oil and gas sector. Excerpts:

What should the government do to reduce India's import dependence?

While demand side management and alternative renewable