India to promote 'Make-in-India' at petroleum meet in UAE

Dubai, Nov 2: With an aim to position itself as an investment destination across the hydrocarbons value chain, India will showcase domestic manufacturing of various equipment used in the petroleum and natural gas sector at a conference in the UAE.

The four-day-long Abu Dhabi International Petroleum Exhibition & Conference will start on November 9. A round-table meeting on November 9 will showcase and promote domestic manufacturing of various equipments used in the petroleum and natural gas sector, under the Make-in-India initiative.

The meeting has been organised with a view to position India as an investment destination across the hydrocarbons value chain. The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce, Ministry of Petroleum & Natural Gas, is organising the Make-in-India pavilion.

The round-table will basically focus resoundingly at the global level by amplifying the core message of 'Make in India', the Indian embassy said in a statement. Focus will also be on collaborating and partnering with global industry experts that have achieved a level of excellence in the field of technological innovation in various segments of the hydrocarbon sector.

Efforts will also be made to actively pursue investors' facilitation activities through Investor's meeting and exhibition. Talmiz Ahmad, Honorary Advisor for the Gulf, FICCI and Former Indian ambassador to Saudi Arabia, Oman and the UAE will make opening remarks at a CEOs meeting on 'Unleashing Investment Potential and Building Opportunities & Partnerships' for domestic hydrocarbons sector.

In a theme presentation by Partner, McKinsey & Company, India's energy needs for GDP growth and importance of Hydrocarbons and its stable oil and gas activity despite global slowdown will be in focus.

The presentation will also include current status of Make-in-India in the sector and highlight specific investment opportunities and steps being taken as its part. The round-table will have Special Address by India's Ambassador to the UAE, T P Seetharam, and Key Note Address by A K Singh, Additional Secretary & FA, Ministry of Petroleum & Natural Gas, Government of India. Sashi Shankar, Director (T & FS), ONGC, is also scheduled to speak on the occasion.

PTI