IOC, global firms exhibit products in Lubeasia 2008
Government-owned Indian Oil Corporation and major players from China, Iran and Saudi Arabia showcased their products in an exhibition on lubricants, greases, oils and related markets that ended on Monday.
By PTI |
NEW DELHI: Government-owned Indian Oil Corporation and major players from China, Iran and Saudi Arabia showcased their products in an exhibition on lubricants, greases, oils and related markets that ended on Monday.
The three-day event 'Lubeasia 2008', witnessed global firms from countries such as China (PetroChina Lubricants), Iran, Saudi Arabia, Turkey, UAE strutting their products at the exhibition, which targeted direct and bulk consumers from road transport corporations, railways, airlines and defence.
"This is a meeting point for the participants to share their knowledge with the industry associates as well as interact with highly-targeted and closely-focused visitors. I hope that the participation of so many global market leaders will benefit the Indian lubricant industry," Road Transport and Highways Secretary Brahm Dutt told PTI.
The Indian lubricant market is estimated at Rs 10,000 crore, but this segment still goes unnoticed with only a few big players dominating the arena. Their products are exorbitantly priced, much above the actual price, Director of Nexgen Exhibition, which organised the event, V K Bansal said.
The three-day event 'Lubeasia 2008', witnessed global firms from countries such as China (PetroChina Lubricants), Iran, Saudi Arabia, Turkey, UAE strutting their products at the exhibition, which targeted direct and bulk consumers from road transport corporations, railways, airlines and defence.
"This is a meeting point for the participants to share their knowledge with the industry associates as well as interact with highly-targeted and closely-focused visitors. I hope that the participation of so many global market leaders will benefit the Indian lubricant industry," Road Transport and Highways Secretary Brahm Dutt told PTI.
The Indian lubricant market is estimated at Rs 10,000 crore, but this segment still goes unnoticed with only a few big players dominating the arena. Their products are exorbitantly priced, much above the actual price, Director of Nexgen Exhibition, which organised the event, V K Bansal said.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
