News Release Details

Secy, Deptt. of Chemical & Fertilizers inaugurates Petrochemical Conclave in Gurgaon
New Delhi 07-Feb-2014

From (L to R) Mr. Pal, Mr.Sinha, Mr. Butola, Ms.Kale and Mr. Mitra at the Petrochemical Conclave

The 3rd Annual Petrochemical Conclave was inaugurated today by Mr. Indrajit Pal, IAS, Secretary, Chemicals & Fertilizers in the august presence of Ms. Ranjana Kale, Economic Advisor, Mr. R.S Butola, Chairman, IndianOil, Mr. A.M.K Sinha, Director (P&BD) and Mr. Siddharth Mitra, ED, Petrochemicals at Gurgaon.

The Conclave on the theme of “Petrochemicals – Global Trends and Opportunities” saw a large attendance of dignitaries and industrialists from India and abroad.

Mr. Indrajit Pal, IAS, Secretary Chemicals & Fertilizers extolled the increasing importance of plastics in agriculture and water management. He extolled for new technologies which not only efficiently utilize raw materials but also induce hydrocarbon efficiencies. He further stated that the global petrochemical industry is going through an unprecedented change. The global Petrochemicals market was valued at about 472 million USD in 2011 and is expected to reach 791 million USD by 2018, the annual growth rate of petrochemical industry being around 6.7% over this period. He also mentioned that the production scales are changing due to the mega projects and huge production volumes. This trend is visible in India as well. The manufacturing policy aims to increase the contribution of manufacturing sector in India's GDP from 16% to 25% by 2022.

Mr. RS Butola, Chairman, IndianOil spoke about IndianOil’s initiatives and role as the premier fuel supplier in the country. He pointed out that within a short span of time, IndianOil has not only become the second largest Petrochemical player in the country, but has also earned valuable foreign exchange through the exports of its Petrochemicals to over 50 countries worldwide. Mr. Butola said that the Petrochemical conclave as a forum is extremely important for ideation and brain storming on technological advancements and market trends. The feedback and suggestions received during this Conclave would help in the growth of Petrochemical business in India.

Mr. AMK Sinha, Director(Planning & Business Development), IndianOil in his welcome address earlier, spoke about IndianOil's existing and future initiatives in Petrochemicals domain and also touched upon the upstream activities and renewable energy activities of the company.

Mr. Siddhartha Mitra made a short informative presentation on the current Petrochemical trends and future challenges & opportunities.

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By using the Site, you agree to follow and be bound by the following terms and conditions concerning your use of the Site. IndianOil may revise the Terms of Use at any time without notice to you. Areas of the Site may have different terms of use posted. If there is a conflict between the Terms of Use and terms of use posted for a specific area of the Site, the latter shall have precedence with respect to your use of that area of the Site.
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All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
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In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
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