We all know that not only in India but worldwide, the Micro, Small and Medium Enterprises (MSME) sector plays a crucial role in spread of wealth, employment generation, creativity, nimble footed management, GDP growth, and exports. An MSME unit could employ anywhere from 1 to 100 persons.
Oil production refers to the production of petroleum products which fuel each and every country’s economy on this planet Earth. Though, almost all major countries in the world have some quantity of petroleum production, yet very few produce as much as to be able to export to the petroleum deficient countries. A vast majority of the countries in the world are petroleum deficient including top industrial economies such as China, Germany, Japan and India.