the company along with China Gas as the equal partner. The joint venture company is in the process of identifying projects in gas and other related areas in China. ANDHRA PRADESH GAS DISTRIBUTION CORPORATION The joint venture company has been formed with an objective to reduce the gap between gas demand and supply, mainly in Andhra Pradesh. GAIL Gas Limited has 50% equity interest in the company along with APGIC (Andhra Pradesh Gas Infrastructure Corporation) as the equal partner. Global presence As a strategy of going global and further expanding global footprint, GAIL has formed a wholly owned subsidiary company, GAIL Global (Singapore) Pte Ltd. in Singapore for pursuing overseas business opportunities including LNG & petrochemical trading. GAIL has also established a wholly owned subsidiary, GAIL Global (USA) Inc. in Texas, USA. The US subsidiary has acquired 20% working interest in an unincorporated joint venture with Carrizo Oil & Gas Inc in the Eagle Ford shale acreage in the state of Texas. In addition to having two wholly owned subsidiaries in Singapore and the US, GAIL has a representative office in Cairo, Egypt to pursue business opportunities in Africa and the Middle East. GAIL is also an equity partner in two retail gas companies in Egypt, namely Fayum Gas Company (FGC) and National Gas Company (Natgas). Besides, GAIL is an equity partner in a retail gas company involved in city gas and CNG business in China – China Gas Holdings Limited (China Gas). Further, GAIL and China Gas have formed an equally owned joint venture company – GAIL China Gas Global Energy Holdings Limited for pursuing gas sector opportunities primarily in China. GAIL is a part of the consortium in two offshore E&P blocks in Myanmar and also holds participating interest in the joint venture company – South East Asia Gas Pipeline Company Limited incorporated for transportation of gas to be produced from two blocks in Burma (Myanmar) to China. Corporate social responsibility In terms of the guidelines issued by the Department of Public Enterprises, GAIL has allocated an annual budget of 2% of the previous year's profit after tax for CSR activities, which is effectively used for carefully chosen programmes. Socially useful programmes have been undertaken in GAIL since its inception in and around the areas adjoining its major work centres under the SCP/TSP Plan. But over the years, the scope of the CSR activities, the nature of programmes