11^th International Integrated Energy Tradeshow begins in Mumbai; Promises to transform the energy sector

The 11^th edition of Oil Gas & Power World Expo 2023 was launched on Wednesday March 1 and is to continue till Friday, March 03 at the Bombay Exhibition Centre in Mumbai.

The ‘International Integrated Energy Tradeshow’ is expected to bring the stakeholders of energy ecosystem from up, mid & downstream of Hydrocarbon industry, Renewable, Alternate & New energies, Power Generation, Transmission & Distribution and allied sectors, to engage on this common platform.

Concurrent events will include focused exhibitions and technical conferences on Exploration & Production, Natural gas & LNG, Refining & Petrochemicals, Power and Surface Engineering & Corrosion Control.

Pic 1 – Cap:

Seen at inaugurating the ONGC Pavilion: Rajarshi Gupta, MD CEO, ONGC Videsh Limited, Pankaj   Kumar ONGC, Director Offshore, and R K Shrivastava former CMD, ONGC

India is the world’s third largest energy consumer and the demand is likely to rise more than 3 percent annually according to the International Energy Association. Also, with the country maintaining its lead over the UK as the fifth largest economy of the world, India will be a $3.7 trillion economy in 2023.

In business however, it’s the success in logistics that translates to increased efficiencies, lower costs, higher production rates, better inventory control, smarter use of warehouse space, increased customer and supplier satisfaction, and an improved customer experience.

While the energy sector pavilions did boast about the Finance Minister Nirmala Sitharaman‘s vision of energy transition and energy security with an outlay of Rs 35, 000 crores on the sidelines of the expo, the logistics industry equally welcomed the government’s proposal to increase the capital investment outlay by 33% to Rs 10 lakh crore in the union budget 2023-24, claiming that the emphasis on building infrastructure will strengthen India’s position in the global supply chain.

Pic 2 ( L-R)

Ajay Parihar, Dy GM Seashell Logistics along with Abhishek Suvarna- Deputy Manager Seashell Logistics

Ajay Parihar, Dy GM Seashell Logistics, Seashell Group  an ISO 9001:2008 certified company & Multi Modal Transport Operator approved by D.G – Shipping, GOI, says, “Sagarmala, the ambitious programme for ‘Port-led development’ in the country is all set to change the logistics sector performance by optimizing India’s logistics modal mix.”

The flagship programme by the Ministry of Shipping will help in reducing the logistics cost for both domestic and EXIM cargo with optimized infrastructure investment. India has been steadily increasing exports to the world, today giving a tough fight to China and this new development will definitely further boost Indian exports.

Agrees Imran Khan, AGM Crystal Cold Chain Solution Company, “With the logistics cost of 19% of GDP, India ranks amongst the costliest in the world, but will undergo complete transformation under the Sagarmala Programme, revolutionizing the logistics industry.”

The three-day exhibition is all set to provide a unique opportunity for industry to set the stage for upgrading the conventional, alternate and new energies, and logistics, infrastructure, and the allied industries, to transform the Indian industry.

Marex Media