Petroleum, petrochemical sector playing pivotal role: Union minister
India is the fastest growing among the major economies of the world and the petroleum and petrochemical sector is playing a pivotal role in this, Union Minister of State for Petroleum and Natural Gas Rameswar Teli said on Wednesday.
He also said that Indian Oil’s Panipat refinery is going to set up a green hydrogen plant of 7,000 tonnes capacity with an investment of Rs 60,000 crore.
These mega projects would speed up the economic development not only in Haryana but in the country, the minister said and added that wherever such complexes are set up, many opportunities for development arise in the surrounding areas. This also helps in providing large scale employment opportunities, Teli said.
He was speaking at the silver jubilee celebrations of Indian Oil Panipat Refinery and Petrochemical Complex in Panipat, a Haryana government statement issued here said.
The minister said that he is sure that the way the people of Haryana have continuously contributed in the development of the Indian Oil Panipat Refinery, in the same way they would continue to contribute in making India, a self-reliant country.
Recently, India became the fifth largest economy in the world leaving the UK behind, he said.
