The Indian Oil Corporation limited (IOCl) under the aegis of theMinistry of Petroleum and Natural Gas would hold a petrochemicals investors’ conclave here on November 16.
The theme of the conclave is “Purvodaya: The Dawn of New Investment Opportunities in Eastern India”.
Union Minister for Chemicals and Fertilisers Ananth Kumar and Union Minister for Petroleum and Natural Gas, Skill Development and Entrepreneurship Dharmendra Pradhan have been invited to the event as chief guest and guest of honour respectively, said IOCl, Odisha CGM Pritish Bharat at a Press meet here on Monday.
The conclave aims to highlight the emerging investment opportunities in the petrochemicals sector in eastern India and help catalyse investments in the downstream plastic parks and textile parks proposed to be developed in eastern India, said Paradip Refinery ED GS Singh.
The conclave would primarily serve as a platform for young investors to interact with business leaders of the petrochemicals industry, Government functionaries, financial institutions, supply chain professionals as well as incubators in the academia at one place.
One prospective State that shows a huge growth of petrochemicals industry is Odisha, which can offer investment opportunities for young entrepreneurs, employment opportunities for youths and a huge scope for growth for ancillary industries related to plastics.
An investor facilitation lounge is being set up to provide a window for clarifying the issues raised by prospective investors. An exhibition is also being organised at the conclave venue for the benefit of the delegates. Senior officials of the Ministries of Petroleum and Natural Gas and Chemicals and Fertilisers would also attend the conclave. CEOs of oil and gas sector companies and other dignitaries would also participate in the event. Ministers and senior officials of the Odisha Government have also been invited to the conclave, informed IOCl Petroleum Marketing Head Sujoy Choudhury.