The Consulate General of India in Shanghai, in association with the Shanghai Chemical and Petroleum Industry Association organized a Seminar to-day for promotion of "Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs)". The Seminar was also used to promote "India-Chem 2014" which is scheduled to be held in Mumbai during October 09-11, 2014.

Close to 70 participants including senior representatives of the Shanghai Chemical Industry & potential Chinese investors attended the Seminar. A delegation from the Ministry of Chemicals, Petrochemicals & Fertilizers led by Mr. Indrajit Pal, Secretary, Department of Chemicals and Petrochemicals, Government of India participated in the Seminar. The seminar was also attended by representatives of FICCI and CIPIET.

Consul General presented an overview of India-China bilateral economic relations and invited Chinese chemical manufacturers to consider investing in India. In this context, he emphasized investment in India’s existing PCPIRs or setting up new industrial parks, as both India and China promote cluster-type development of enterprises. 

Mr. Jin Ming Da, President of the Shanghai Chemical and Petroleum Industry Association addressed the participants of the Seminar and gave an overview of the Shanghai Chemical Industry and Chinese Chemical Manufacturers.  He deliberated on the potential sectors of cooperation and emphasized for further strengthening of the same through investment by Chinese companies in India

Mr. Pal made a detailed presentation highlighting the facilities available in existing PCPIRs, the incentives that Government of India offers and the potential avenues of cooperation.

In his presentation Mr. Balwinder Singh Sawhney from FICCI provided detailed information on the India-Chem 2014 exhibition and encouraged the representatives of Shanghai Chemical Industry to participate in large number  in the event. He proposed the setting up of a "China Pavilion" in the exhibition and assured full support & cooperation of FICCI in this regard.