New oil giants rise in Gandhi’s native land

Gazing out over India’s Gulf of Kutch from the small jetty owned by Essar Oil, you would hardly think you were witnessing the birth of one of the world’s new industrial heartlands. Placid turquoise waters stretch out to the low landmass opposite; behind you lie mile upon mile of shimmering salt pans where flocks of flamingos aimlessly totter.

But this great natural harbour — sheltered to the south by the Kathiawar peninsula, better known as the birthplace of Mahatma Gandhi — may soon be the world’s busiest oil terminal. So far, India has made its mark on the global economy by taking on outsourced clerical and call-centre work from the west; now it is turning its hands to the altogether more potent business of oil refining. And the Gulf of Kutch, the closest Indian harbour to the oil fields of the Persian Gulf, is where the crude comes in.