By: ICN Bureau
Last updated : September 03, 2025 7:44 am
MPIDC and BPCL engaged participants on feedstock assurance, investment-friendly policies, and the roadmap for a strong petrochemical ecosystem in Madhya Pradesh
Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company, and one of India’s leading oil and gas companies, in association with the Madhya Pradesh Industrial Development Corporation (MPIDC) and the Indian Plast Pack Foundation (IPPF), successfully hosted an Investor & Customer Meet at the Brilliant Convention Centre, Indore.
Themed “Resolute Bharat: Expanding Horizons and Shaping the Future of Petrochemicals”, the event showcased BPCL’s Rs. 49,000 crore investment in the Bina Refinery expansion and Petrochemical Project.
The initiative will produce globally benchmarked polymers including Polypropylene, HDPE/LLDPE, Benzene, Toluene, and Mixed-Xylene. This development is expected to strengthen domestic supply of raw materials, reduce import dependency, and fuel growth in packaging, automotive, agriculture, and consumer goods sectors.
The meet positioned Bina as a key hub for India’s petrochemical sector, highlighting its strategic location, integrated infrastructure, and Madhya Pradesh’s investor-friendly policies.
Raghwendra Kumar Singh, Principal Secretary, Dept. of Industrial Policy & Investment Promotion, GoMP, said, “Madhya Pradesh has emerged as a strong investment hub with reliable energy, an extensive land bank, and seamless connectivity to global markets. The expansion of BPCL’s Bina Refinery and the upcoming ₹52,000 crore petrochemical complex will create major downstream opportunities. With dedicated plastic parks, training at CIPET, and developed industrial areas, we are building a robust ecosystem for investors. The state remains committed to ensuring ease, speed, and confidence in doing business”
Speaking on the occasion, Subhankar Sen, Director (Marketing), BPCL, said, “The Bina Petrochemical Project marks a pivotal step in strengthening India’s self-reliance in polymers. Our Rs. 49,000 crore investment will not only boost domestic availability of key materials but also create most competitive opportunities for downstream industries.”
The discussions also underlined Bina’s potential to emerge as a catalyst for downstream industries, creating opportunities across packaging, automotive, agriculture, and consumer goods. The initiative is closely aligned with the national vision of “Make in India”
The meet brought together stakeholders from government, industry, and investment communities to explore collaborations and growth strategies. Senior leadership from MPIDC and BPCL engaged participants on feedstock assurance, investment-friendly policies, and the roadmap for a strong petrochemical ecosystem in Madhya Pradesh.
With strong participation from industry stakeholders, the Investor & Customer Meet reinforced Bina’s potential as one of India’s most promising destinations for petrochemicals investment, setting the stage for partnerships that will shape the sector’s future.