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Indian Petrochem-2007: India the Next Major Petchem Center?

10:51 AM MST | November 19, 2007 |

Deepti Ramesh in Mumbai

International companies should set up their petrochemical projects in Asia, as the centre of growth for petrochemicals demand is there, says Partha Maitra, president, petroleum business of Reliance, while speaking at the Indian-Petrochem-2007 conference that began in Mumbai today. Some experts at the conference say India could be a major petrochemical player in Asia in the coming years with the local petchem industry growing at 12-15%/year. “What makes India different is the huge domestic market, unlike the Middle East, which has to export most of its...

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