IndianOil appoints MTI for market study
New Delhi, May 11, 2013
India's largest company, IndianOil (via Lioc), has retained the services of Bahrain-based MTI Consulting to carry out a study of the fast emerging Myanmar and Indonesian markets.
Subodh Dakwale, managing director of Lioc, said: "One of our strategic pursuits is develop exports, given our international capabilities in the lube business. We see emerging markets in the Mekong Valley and South East Asia as prime prospects. We look forward to the benefits of working with MTI who have impressive credentials across emerging markets."
MTI Consulting has worked on assignments across emerging markets in Asian, Middle East and African regions, which includes projects carried for multi-national and regional companies in Algeria, Bangladesh, Cambodia, Egypt, Indonesia, Jordon, Iran, Iraq, Lebanon, Myanmar, Nigeria, Pakistan, Philippines and Syria.
Indian Oil Corporation is India's largest company by sales with a turnover of Rs4,09,957 crore ($ 85,550 million) and profit of Rs3,955 crore ($ 825 million) for the year 2011 to 12.
Indian Oil is the highest-ranked Indian company in the latest Fortune ‘Global 500’ listings, ranked at the 83rd position. – TradeArabia News Service