9JULY 2025INDIA MUST BOOST PETROCHEMICALS, SAYS RELIANCE EXECUTIVEDIXON TECHNOLOGIES & EUREKA FORBES PARTNER TO LAUNCH ROBOTIC VACUUMSIndia has to increase its petrochemical manufacturing capacity within a limited timeframe to address growing domestic and international demand and offset dependence on China's increasing dominance of the sector, a top Reliance Industries official said on Friday.Addressing a petrochemical industry conference, Vikram Sampat, Director of Strategy and Business Development for the polyester business at Reliance Industries, cautioned that China is gradually dominating the world petrochemical Dixon Technologies (India) Limited, a top supplier of electronic manufacturing services, and Eureka Forbes Limited, a well-known brand in India's health and hygiene industry, have announced a major partnership. By facilitating the local manufacturing and distribution of robotic vacuum cleaners, this collaboration is expected to improve Eureka Forbes' vacuum cleaner product line. The action is in line with the company's overarching goal of increasing its presence in Indian homes by offering dependable, cutting-edge products.market. "If we don't do it, China will keep growing," he urged Indian refiners to invest more money into the business.Sampat further said that Reliance's petrochemical intensity today stands at about 20%, i.e., the share of petrochemical production in its overall refining capacity. But with China quickly increasing its production and adding to global oversupply, petrochemical margins everywhere in the world are facing a squeeze.India's petrochemicals consumption, while still below world levels, will soar as the country's economy grows, and provide a powerful reason for increasing local production. Indian refiners are being counselled by insiders in the industry to concentrate increasingly on the production of petrochemicals as demand for traditional carriage fuels such as petrol and diesel will tend to level off.Sampat highlighted this new trend by observing that as demand for petrol is greatest, refiners will shift 30%­50% of their production of gasoline into petrochemical manufacture. As demand for diesel is greatest, the diversion can be taken even further to 50%­70%.Such a shift is able to enable India to serve its domestic requirements and become a greater player in the world supply chain, reducing exposure to Chinese market control. As the trend towards clean energy picks up pace, and petrochemicals are becoming a primary growth driver for Indian refiners. According to the agreement, Dixon Technologies will produce a new line of robotic vacuum cleaners specifically designed for Eureka Forbes as part of the deal. Dixon's cutting-edge, ISO-certified facilities will house production, guaranteeing superior quality, robustness, and design. Eureka Forbes' emphasis on providing high-performance, cost-effective appliances that meet contemporary consumer demands is in line with this objective.Pratik Pota, Managing Director and CEO of Eureka Forbes, shared, "This collaboration reflects our ongoing commitment to bringing advanced, consumer-focused products into Indian homes. By combining our understanding of consumer needs with Dixon's top-tier manufacturing expertise, we are proud to contribute further to the `Make in India' initiative and expand our footprint in the smart home segment."Atul B Lall, Vice Chairman and Managing Director of Dixon Technologies, added, "We are excited to work alongside Eureka Forbes, a brand with a strong legacy in home care solutions. This partnership underscores our intent to scale operations in the home appliance segment and reinforces our role as a trusted manufacturing partner. Together, we aim to introduce robust and efficient cleaning solutions that match evolving consumer expectations."
< Page 8 | Page 10 >