Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan today inaugurated the Petrotech 2016 Exhibition at Pragati Maidan, New Delhi. The Petrotech -2016 Exhibition is one of the biggest oil & gas exhibitions held with participation of nearly 600 exhibitors from over 50 countries covering 15,000 square metres of exhibition area. This year's Exhibition is much grander in scale with participation from more overseas companies and 15 country. Also, top oil & gas companies from across the world are participating in the exhibition. The exhibition is scheduled from 4th to 7th December, 2016 at Pragati Maidan, New Delhi. The Petrotech 2016 main Conference is scheduled to be inaugurated by Hon’ble Prime Minister of India, Shri Narendra Modi on 5th December, 2016. The theme of the conference is “Hydrocarbons to fuel the future - Choices & Challenges” and the Petrotech 2016 Exhibition is providing opportunities for promotion of organizations, products and services. Exclusive pavilions have also been set up to showcase initiatives like 'Make in India' and Renewable Energy and several of the focus areas of Government policy. There are dedicated pavilions for the upstream, downstream and international exhibitors.
Inaugurating the exhibition, Shri Pradhan said that it provides a convergence point to every element, dimension, product, technology to congregate at one point and there has been enthusiastic response from various stake holders. It also offers a unique platform to the international companies, service providers and technology companies to have interface with all India stakeholders at one place. Shri Pradhan said that the oil and gas sector today is emerging as a vehicle for socio economic change in India and under the leadership of Hon'ble PM the sector has aligned itself with common people of the country. Over the years it has played its part in making energy affordable and accessible through the length and breadth of the country to drive the Indian economy in an inclusive and equitable manner in terms of generating employment, skill development, bringing in FDI, enhancing trade and boosting strategic partnerships.
The Minister said that internationally, the hydrocarbon sector is witnessing unprecedented technological developments. He added that discoveries of better technologies are regularly transforming the sector which offer opportunities for those who are ahead of the curve but also pose challenges to companies who follow conventional approach to this dynamic subject.