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Paradigm Shift in Project Execution & Management
  • India, promising market for international EPC companies
  • Stronger focus on project owners & project financing
  • Emerging opportunities in fertiliser & refining industries
Mr B Narayan, Group President (Procurement & Projects), Reliance Industries Ltd & Chairman, Central Advisory Board (CAB), EPC World Expo 2017 chaired the 1st CAB meeting in Mumbai on Sunday, April 17, 2016 at The Club. The board has decided to organise a one-day conference on February 14, 2017 with the objective of bringing together the experts from the three key verticals - EPC industry, Equipment manufacturers (Static, Rotary, Package equipment, Water treatment) and Project owners along with the representatives from the regulatory authorities. The board members have decided unanimously to organise interactive panel discussions on pivotal changes that EPC industry needs to make in order to become globally competitive.

The earlier editions of conferences have had deliberations where the EPC companies had shared their perspective on the various underlying issues that they come across various geographies. Though the world economy is going through a slow phase, India is still a promising destination for EPC companies worldwide because of some of the key projects that have now been announced in downstream chemical industry which include investments by refiners and fertiliser companies to new facilities or revamps to upgrade the existing facilities.

This time the board has decided to have greater focus on the expectations of project owners from EPC industry and engage at least one major project owner during each of the sessions.

CAB members have volunteered to connect with key decision makers from some of the key chemical and petrochemical companies to invite for the inauguration, project financing companies to bring various dimensions together to prepare a holistic programme.