IndianOil is not only the largest commercial enterprise in the country it is the flagship corporate of the Indian Nation.
Besides having a dominant market share, IndianOil is widely recognized as India’s dominant energy brand and customers perceive IndianOil as a reliable symbol for high quality products and services.
Benchmarking Quality, Quantity and Service to world-class standards is a philosophy that IndianOil adheres to so as to ensure that customers get a truly global experience in India. Our continued emphasis is on providing fuel management solutions to customers who can then benefit from our expertise in efficient sourcing and least cost supplies keeping in mind their usage patterns and inventory management.
IndianOil is a heritage and iconic brand at one level and a contemporary, global brand at another level. While quality, reliability and service remains the core benefits to our customers, our stringent checks are built into operating systems, at every level ensuring the trust of over a billion Indians over the last four decades
Towards customers and dealers :- To provide prompt, courteous and efficient service and quality products at competitive prices.
Towards suppliers :- To ensure prompt dealings with integrity, impartiality and courtesy and help promote ancillary industries.
Towards employees :- To develop their capabilities and facilitate their advancement through appropriate training and career planning. To have fair dealings with recognised representatives of employees in pursuance of healthy industrial relations practices and sound personnel policies.
Towards community :- To develop techno-economically viable and environment-friendly products. To maintain the highest standards in respect of safety, environment protection and occupational health at all production units.
Towards Defence Services :- To maintain adequate supplies to Defence and other para-military services during normal as well as emergency situations.
The second five year plan was initiated in a climate of economic prosperity, industry gained in prominence. Agriculture programmes were formulated to meet the raw material needs of industry, besides covering the food needs of the increasing population. The Industrial Policy of 1956 was socialistic in nature. The plan aimed at 25% increase in national income.
In comparison to First Five Year plan, the Second Five Year Plan was a moderate success. Unfavorable monsoon in 1957-58 and 1959-60 impacted agricultural production and also the Suez crisis blocked International Trading increasing commodity prices.
To make an assessment of the resources of the country and to see which resources are deficient.
To formulate plans for the most effective and balanced utilization of country's resources.
To indicate the factors which are hampering economic development.
To determine the machinery, that would be necessary for the successful implementation of each stage of plan.
Periodical assessment of the progress of the plan.
With the changing times, the Planning commission is preparing itself for long term vision for the future. The commission is seeing to maximize the output with minimum resources.
From being a centralized planning system, the Indian economy is slowly progressing towards indicative planning wherein the Planning Commission has set the goal of constructing a long term strategic vision for the future.
It sets sectoral targets and provides the catalyst to the economy to grow in the right direction.
The Planning Commission plays an integrative role in the development of a holistic approach to the formulation of policies in critical areas of human and economic development
Before Independence The British controlled the Indian power industry firmly before Independence. The then legal and policy framework was conducive to private ownership, with not much regulation with regard to operational safety. Post Independence Immediately after Independence, the country was faced with capacity restraint. India adopted a socialist structure for economic growth and all the major industries were controlled by public sector enterprises. By 1970's India had nationalized most of its energy assets, due to its commitment to social goals. By the late 1980's the Indian economy felt the strain of the socialist agenda followed since independence. Faced with a serious deterioration in public finance and balance of payment crisis, the Union government as part of its policy of economic liberalization allowed greater investment by private sector in the power industry.