Investors Conclave at Surat to Focus on Mega Opportunities in Textiles & Plastics Downstream Sectors in Odisha New Delhi 01-Sep-2018
About the Conclave
Indian Oil Corporation Ltd. (IndianOil), under the aegis of the Ministry of Petroleum & Natural Gas, Government of India, is organising a first-of-its-kind Textiles and Plastics Investors Conclave at Surat on 2nd September 2018.
The theme of the Conclave, being organised in association with ONGC Petro additions Ltd. (OPAL), is "Purbodaya: Unfolding Mega Opportunities in Textiles & Plastics Downstream Sectors in Odisha.” Shri Dharmendra Pradhan, Hon’ble Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship, has been invited as the chief guest to inaugurate the Conclave. Sh. Pradipsinh Jadeja, Minister of State for Home, Law & Justice, Energy and Parliamentary Affairs, Govt of Gujarat; will grace the occasion as Guest of Honour.
Senior officials of the ministries of Petroleum & Natural Gas, Chemicals & Fertilisers, Government of India, CEOs of oil & gas, petrochemicals, polyester, textiles and allied sector companies and other guests and invitees will be participating in the event. In all, about 1,000 delegates across India are expected to take part in the Conclave.
An exhibition is also being organised for various established players of textiles and plastics industries to showcase their products & expertise for the benefit of the delegates and prospective investors.
The Conclave will highlight the emerging investment opportunities in the downstream petrochemicals sector in Odisha in general and to facilitate investments in the proposed Textiles Park at Bhadrak and Plastics Park at Paradip in particular. The Conclave will serve as a platform for prospective investors to interact with business leaders of the industry, Government functionaries, financial institutions, supply chain professionals as well as incubators in the academia at one place.
The unique Conclave will comprehensively focus on the following topics, which would be of immense help to established as well as young investors/start-ups to chart their growth plans:
● Outlook for Indian polyester downstream industry ● Learnings from textiles industry value chain in China & Bangladesh ● Investment opportunities in Plastics Park and Textiles Parks in Odisha ● Potential in technical textiles ● Need for quality revolution to achieve dominance in global polyester textile and apparel market ● Downstream polymers industry outlook ● Investment opportunities in injection-moulded PP products ● Growth prospects in PP non-woven fabrics & PP raffia for bulk packaging ● Innovative project financing schemes for entrepreneurs and start-ups ● Logistics as an enabler in Odisha ● Incentive framework being offered by various Government agencies like IDCO, technical process details, and so on.
An Investor Facilitation Centre is being set up to provide guidance to the prospective investors in Plastics Park at Paradip and Textiles Park at Bhadrak. Representatives from Central Government organisations, State Government, IndianOil and financial institutions will guide the investors in this facilitation centre.
An exhibition is also being organised for various established players of textiles and plastics industries to showcase their products & expertise for the benefit of the delegates and prospective investors.
Petrochemicals, Textiles & Plastics: Sunrise Industry in Eastern India
The petrochemicals sector provides the basic raw material to the plastics and textiles sector in the form of Purified Terephthalic Acid (PTA), Mono Ethylene Glycol (MEG) and Polymers like Polypropylene (PP), Polyethylene (PE) and a number of other hydrocarbon products.
Currently, India's per capita consumption for plastics is at about 10 kg per person, which is low in comparison to the global average of about 32 kg. With the rise in living standards, the buying capacity for clothes, houses, furniture, automobiles and household items has increased, adding to the polymer consumption demand in India.
Odisha has immense potential for the growth of the plastics and textiles sectors with convenient access to all the primary raw material needed. The region also has the necessary infrastructure, including ports, railway connectivity and road networks, that will facilitate the speedy development of the two sectors.
The Government of India has identified Paradip as one of the four PCPIRs (Petroleum, Chemicals and Petrochemicals Investment Region) in the country. It is the most strategically located PCPIR approved by the Government of India. With IndianOil as the anchor tenant, it is being developed to provide an ecosystem for attracting and promoting exclusive investments in petroleum, chemicals, petrochemicals and allied sectors.
IndianOil's Projects in Odisha
IndianOil has a strategic role in Odisha with its big presence and ambitious expansion plans in the petroleum refining and petrochemical segments. The Company has already commissioned a 15-million metric tonnes per annum refinery at Paradip at an investment of Rs. 35,000 crore.
A new polypropylene unit of 700 KTA (kilo tonnes per annum) capacity is getting ready at IndianOil’s Paradip Refinery complex to support the plastics industry. Estimated to cost Rs. 3,150 crore, the plant is getting ready to be commissioned by the end of this year.
The Plastics Park at Paradip, being jointly developed by IDCO and IndianOil in JV mode, will utilise polypropylene from Paradip Refinery complex. The Park is spread over 120 acres, out of which 70 acres will be available for industrial plots. The downstream units coming up in the Park will have access to state-of-the-art facilities, including CIPET’s Polymer Processing and Evaluation Centre (PPEC), to support innovation and diversified growth. The units likely to come up include raffia for cement bags, FIBC, etc.; injection moulding units for furniture items, houseware, caps, etc., BOPP and TQPP for flexible packaging; and non-woven for hygiene applications. The net employment generation from the Park will be more than 7,000.
IndianOil is also planning to set up two more mega projects in Odisha at a combined investment of Rs 13,000 crore for producing polyester fibre intermediates, MEG (Mono Ethyl Glycol) and PTA (Purified Terephthalic Acid). Polyester is the most prominent textile fibre with a share of over 55% of global consumption. Its end-use includes apparel, home textiles, technical textiles and accessories.
India’s current domestic textiles and apparel market is estimated at US$ 125 Billion, and is expected to grow at 11% CAGR to reach US$ 220 Billion by the year 2025. Growth of disposable incomes, favourable demographics and changing lifestyles will further add to the demand.
There is a huge potential for investment in this segment since the value chain from fibre/yarn to finished clothes/apparel involves a plethora of activities like weaving/knitting/dying/cutting/sewing/garmenting, etc. Hence, apart from the commercial aspects, this is expected to create thousands of jobs across categories for the benefit of the local population.
A Textiles Park is expected to come up in Bhadrak district of Odisha. The integrated Textiles Park, to be developed in 234 acres, will house units from across the entire value chain – from polyester fibre to apparel. IndianOil will make available the basic raw material, i.e., PTA & MEG, within the State itself, for the downstream industries.
The above measures are expected to significantly boost the economy as well as create huge employment opportunities in eastern India.
Hyperlinking Policy
Links to external websites/portals
At many places in this website, you shall find links to other websites/portals. The links have been placed for your convenience. IndianOil is not responsible for the contents and reliability of the linked websites and does not necessarily endorse the views expressed in them. Mere presence of the link or its listing on this website should not be assumed as endorsement of any kind. We cannot guarantee that these links will work all the time and we have no control over the availability of linked pages.
When you select a link to an external website, you shall be leaving IndianOil's website and shall be subject to the privacy and security policies of the owners/sponsors of the outside website(s).
IndianOil cannot authorise the use of copyrighted material contained in the linked website(s). Users are advised to request for such authorisation from the owners of the linked website(s).
Links to IndianOil Website from other websites
Prior permission is required before hyperlinks are directed from any website/portal to this site. Permission for the same, stating the nature of the content on the pages from where the link has to be given and the exact language of the Hyperlink, should be obtained by sending a request to our Corporate Office. Please visit the Contact Us page of our website for more information.
Also, we do not permit our pages to be loaded into frames on your site. The pages belonging to this site must load into a newly opened browser window of the user.
Hyperlinking Policy
Links to external websites/portals
At many places in this website, you shall find links to other websites/portals. The links have been placed for your convenience. IndianOil is not responsible for the contents and reliability of the linked websites and does not necessarily endorse the views expressed in them. Mere presence of the link or its listing on this website should not be assumed as endorsement of any kind. We cannot guarantee that these links will work all the time and we have no control over the availability of linked pages.
When you select a link to an external website, you shall be leaving IndianOil's website and shall be subject to the privacy and security policies of the owners/sponsors of the outside website(s).
IndianOil cannot authorise the use of copyrighted material contained in the linked website(s). Users are advised to request for such authorisation from the owners of the linked website(s).
Links to IndianOil Website from other websites
Prior permission is required before hyperlinks are directed from any website/portal to this site. Permission for the same, stating the nature of the content on the pages from where the link has to be given and the exact language of the Hyperlink, should be obtained by sending a request to our Corporate Office. Please visit the Contact Us page of our website for more information.
Also, we do not permit our pages to be loaded into frames on your site. The pages belonging to this site must load into a newly opened browser window of the user.
Terms of Use
The following terms and conditions will be deemed to have been accepted by the User on usage of the website www.iocl.com. You are requested to read them carefully before you use the services of this site.
The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
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.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
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.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
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.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.
Terms of Use
The following terms and conditions will be deemed to have been accepted by the User on usage of the website www.iocl.com. You are requested to read them carefully before you use the services of this site.
The term User shall refer to the user who is browsing the site. The term IndianOil shall refer to Indian Oil Corporation Limited. The term Site refers to www.iocl.com owned and monitored by IndianOil.
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.
IndianOil may terminate User's access at any time for any reason. The provisions regarding to disclaimer of warranty, accuracy of information, and indemnification shall survive such termination. IndianOil may monitor access to the Site.
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.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
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.
The information contained in the Site has been obtained from sources believed to be reliable. IndianOil disclaims all warranties as to the accuracy, completeness or adequacy of such information.
IndianOil makes no warranty that: (a) the Site will meet your requirements; (b) the Site will be available on an uninterrupted, timely, secure, or error-free basis; (c) the results that may be obtained from the use of the Site or any services offered through the Site will be accurate or reliable.
The User's right to privacy is of paramount importance to IndianOil. Any information provided by the User will not be shared with any third party. IndianOil reserves the right to use the information to provide the User a more personalized online experience.
The Site provides links to web sites and access to content, products and services from third parties, including users, advertisers, affiliates and sponsors of the Site. You agree that IndianOil is not responsible for the availability of, and content provided on, third party web sites. The User is requested to peruse the policies posted by other web sites regarding privacy and other topics before use. IndianOil is not responsible for third party content accessible through the Site, including opinions, advice, statements and advertisements, and User shall bear all risks associated with the use of such content. IndianOil is not responsible for any loss or damage of any sort User may incur from dealing with any third party.
Data Privacy Policy
GRIEVANCE OFFICER
In accordance with the Indian Information Technology Act 2000 and the rules notified
thereunder, the contact details of the Grievance Officer are provided below:
Sh. Abhinav Bhatt,
Corporate Business Technology Centre,
Indian Oil Institute of Petroleum Management Campus,
Plot No. 83, Institutional Area,
Sector 18, Gurugram,
Haryana – 122001
Click here to view IndianOil's Data Privacy Policy (Offline Data Collection).
Click here to view IndianOil's Data Privacy Policy (Online Data Collection).
CHANGES TO THIS PRIVACY POLICY
The Policy is subject to modifications from time to time. If IOCL decides to change this Policy, IOCL shall publish the modified Policy on its website.
Data Privacy Policy
GRIEVANCE OFFICER
In accordance with the Indian Information Technology Act 2000 and the rules notified
thereunder, the contact details of the Grievance Officer are provided below:
Sh. Abhinav Bhatt,
Corporate Business Technology Centre,
Indian Oil Institute of Petroleum Management Campus,
Plot No. 83, Institutional Area,
Sector 18, Gurugram,
Haryana – 122001
Click here to view IndianOil's Data Privacy Policy (Offline Data Collection).
Click here to view IndianOil's Data Privacy Policy (Online Data Collection).
CHANGES TO THIS PRIVACY POLICY
The Policy is subject to modifications from time to time. If IOCL decides to change this Policy, IOCL shall publish the modified Policy on its website.
Copyright Policy
All content, designs, logos, images, and materials displayed on this website are protected by copyright and other intellectual property laws. Unauthorized reproduction, distribution, or modification of any content from this site is strictly prohibited and may result in legal action.
Prohibition of Design and Layout Replication
We kindly remind our users, visitors, and third parties that replicating, copying, or imitating our website’s design, layout, or any distinctive features without explicit authorization is strictly prohibited. This includes, but is not limited to:
Replicating the visual design or layout of our webpages.
Copying or mimicking our unique combination of colors, fonts, graphical elements, or navigational elements.
Reproducing our website’s structure, organization, or presentation.
Using any automated tools, software, or manual methods to replicate or copy any aspect of our website’s design or layout
Copyright Infringement Notice
We take copyright infringement seriously and will pursue appropriate legal action against those who infringe upon our intellectual property rights.
Conclusion
We appreciate your understanding and compliance with our Copyright Policy. By accessing or using our website, you agree to abide by these copyright protections and refrain from unauthorized replication or copying of our design and layout.
Thank you for visiting!
Copyright Policy
All content, designs, logos, images, and materials displayed on this website are protected by copyright and other intellectual property laws. Unauthorized reproduction, distribution, or modification of any content from this site is strictly prohibited and may result in legal action.
Prohibition of Design and Layout Replication
We kindly remind our users, visitors, and third parties that replicating, copying, or imitating our website’s design, layout, or any distinctive features without explicit authorization is strictly prohibited. This includes, but is not limited to:
Replicating the visual design or layout of our webpages.
Copying or mimicking our unique combination of colors, fonts, graphical elements, or navigational elements.
Reproducing our website’s structure, organization, or presentation.
Using any automated tools, software, or manual methods to replicate or copy any aspect of our website’s design or layout
Copyright Infringement Notice
We take copyright infringement seriously and will pursue appropriate legal action against those who infringe upon our intellectual property rights.
Conclusion
We appreciate your understanding and compliance with our Copyright Policy. By accessing or using our website, you agree to abide by these copyright protections and refrain from unauthorized replication or copying of our design and layout.
