Indian Chemical News, the most credible online media platform for the Chemicals, Petrochemicals, and Energy sector, is organizing the Second Edition of ‘PetroChem Summit 2024’ on December 18, 2024 at The Park, Parliament Street, New Delhi.  

The theme of the Summit is "Identifying New Opportunities for Value Creation".  

If you wish to attend PetroChem Summit 2024, please click on the link (https://www.indianchemicalnews.com/petrochem-summit-2024-second-edition/) 

Speakers for the investment session are: Opportunities and Challenges session are: Atul Kharate, Chief Operating Officer, IndianOil Adani Ventures Ltd.; Sanjay Kumar Papneja, Chief General Manager - Petrochemical Projects, IOCL; Manas Majumdar, Partner - Energy & Chemicals, PwC; Keshav Shrivastava, Mid-Level Consultant - Investment Promotion, Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers, Govt. of India; and Ankur Singh, Vice President & Head, Strategy – Chemicals Division, DCM Shriram Ltd. 

The Indian government is focused on boosting manufacturing through initiatives like Make in India. Policies that promote domestic production of petrochemicals can lead to investment incentives and tax benefits for companies. India has the potential to become a major exporter of petrochemical products, benefiting from competitive production costs and access to growing markets in Asia and Africa. 

Investors looking at the Indian petrochemical industry should conduct thorough market research and risk assessments. While there are significant growth opportunities driven by demand and supportive policies, challenges such as regulatory compliance, volatility in raw material prices, and environmental issues need careful navigation. Entering strategic partnerships, focusing on innovation, and aligning with government initiatives can help mitigate risks and capitalize on the potential in this sector.  

Key points to be discussed during the session are: Policy support and incentives; Infrastructure development for PCPIR and SEZ; Bridging demand supply gap of Petrochemical; Ease of doing business; and Creating conducive ecosystem for technological advancement.