There are many sectors on which we are focusing on like automobiles, petrochemicals, textiles, etc., then now we have this new area, defence, because the government has opened up this sector.

With the adverse effect of demonetisation still looming over the country, the New Year will witness industry bigwigs - both international and homegrown ù queuing up to invest in India´s most industrially developed state, Gujarat. The occasion, Vibrant Gujarat (in its 8th edition), is all geared up to welcome the investors from all across the world.

A Shipping Corporation of India (SCI) vessel will call at Iran in December after a four-year gap because of sanctions. It will deploy a suezmax for state-refiner Hindustan Petroleum Corp. Other Indian refiners including Bharat Petroleum Corp and Mangalore Refinery and Petrochemicals have also signed deals for Iranian oil.

A few foreign players have expressed interest in partnering with Hindustan Petroleum (HPCL) and GAIL to build a petrochemicals complex in Andhra Pradesh, the head of HPCL has said.

State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.

The first Make In India Week was held in Mumbai and was the biggest ever show of the country´s manufacturing prowess. With a business commitment of Rs.15.20 lakh crore in investments, the Make In India

The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.

India is to pay Iran $700 million to clear one-tenth of oil dues in the last week of September, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

The Government of India has approved setting up four Petroleum, Chemicals and Petrochemicals Investment Regions (PCPIRs) in the states of Andhra Pradesh (Vishakhapatnam - Kakinada), Gujarat (Dahej), Odisha (Paradeep) and Tamil Nadu (Cuddalore - Nagapattinam) which are estimated to attract investments of around Rs 7.63 lakh crore and provide employment to around 33.96 lakh people.