Sasol might bring in huge investments in Indian market

South African company Sasol specializes in converting coal and gas to diesel and they are rumored to be considering investing heavily in the Indian market.

Sources claim that the company is considering investing $6 billion on manufacturing alternative fuels in the Indian market.

In fact, the Investment Commission led by Ratan Tata had recently identified Sasol as a potential investor and the move has been also endorsed by the Indian Finance Minister P Chidambaram.

As per incoming sources, Sasol’s technology has proven to be a huge success in the South African market and is being tried in the neighboring China. India needs to lower its dependence upon the fuel imports and such a major investment would boost the internal industries.

India imports as much as 70% of its crude oil requirement and has huge reserves of coal and natural gas. It would be natural for the government to promote such an initiative from a private company.