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Petroleum and Natural Gas Minister Dharmendra Pradhan today said that oil and gas sector is emerging as a vehicle for socio-economic change in the country.
"Internationally, the hydrocarbon sector is witnessing unprecedented technological developments," the minister said at inauguration of Petrotech 2016 here.
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 which follow conventional approach to this dynamic subject, he said.
Pradhan also said that Petrotech offers a unique platform to the international companies, service providers and technology companies to have interface with all India stakeholders at one place.
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 sq mt 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 December 4 to 7, 2016 at Pragati Maidan, New Delhi.
The Petrotech 2016 main Conference is scheduled to be inaugurated tomorrow by Prime Minister Narendra Modi.
Exclusive pavilions have 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.
With a view to accelerating efforts to empower women in the oil & gas sector, a pre-conference to PETROTECH-2016 was organised today.
Women representation on the board level of companies is about 11 per cent in Asian firms, much lower in Indian context.
Participants said that there could be 11 per cent increase in global GDP if every country worked on gender gap.
The event was addressed by eminent speakers like Rebecca Liebert, President & CEO, Honeywell UOP; Reena Ramchandran, Former CMD, Hindustan Organic Chemicals and the first women CMD in Public Sector Enterprise and Kathleen Dorey, Managing Partner, Petrel Robertson Consulting Ltd, Canada among others.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)