Indian Lubricants and Additives industry will emerge as a strong force quickly

Indian Lubricants and Additives industry will emerge as a strong force quickly, once situation is normalised after Coronavirus says Mr. Shailendra Gokhale, Rosefield B2B

India’s Rosefield B2B hosted a CEO Roundtable(Webinar) on their Rosefield B2B digital platform, on Thursday 2nd April from 4 to 5.30 pm. The Webinar was extremely successful and brought together senior industry leaders in an effort to bring important stake holders together.

Last two weeks, in particular, have been very challenging for all of us in terms of focusing on right balance between people safety and business priorities. There have been new challenges for all of us each day and financial year-end complicating it further.

Like any other industry, Lubricants industry has been facing challenges on both Demand and supply front. We have seen many Lube/OEM/Additive companies taking various measures across each business unit and geographies based on specific local conditions and few even going beyond to reach out to the wider society in which they operate.
Though COVID-19 challenges have slowed down the business, it has not dampened the spirit of many companies, as reflected in their continued commitment of achieving BS IV to BS VI transition on 24th April (a date revised in view of the lockdown till 14th April) and revisiting their business plans for new financial year.

We are, therefore, confident that Indian Lubricants and Additives industry will emerge as a strong force quickly, once situation is normalised. We, at Rosefield B2B, felt that in such challenging times, it is critical for bringing all stakeholders together and get Industry leaders sharing their views with larger business community. We have decided to consider this more as “force for good” and hence decided not to charge any fee for our participants.

We are thankful to Dr.Ramakumar, Director(R&D) and Board Member of Indian Oil Corporation Ltd, and Mr.Sanjeev Kaul, C&MD of Lubrizol India Ltd. who have agreed to join as the key speakers for CEO Roundtable, in spite of their busy schedules (particularly when they have to attend so many virtual meetings).

We are pleased to schedule our CEO Roundtable(Webinar) on our Rosefield B2B digital platform, on Thursday 2nd April from 4 to 5.30 pm. We are certainly honoured to organise a digital event, where CEOs will be speaking to CEOs and COOs of reputed companies. So we are thankful to you, as well, for your time and responding to such
a situation by attending CEO Roundtable, at such a short notice.

Rosefieldb2b.com is a portal exclusively catering to the Lubricant Industry. It offers it’s services and solutions to the individuals as well as organisations engaged in the Lubricant and associated industries. It is a perfect tool for both the knowledge and business needs of the sector. Rosefieldb2b.com is envisioned to be the Lubricant Industry’s own portal globally.

We shall be conducting such digital events for Lubricant Industry in future, at regular intervals for the benefit of the stakeholders and industry, at large. We are confident that we as an industry will come together and overcome all such challenges.
Stay safe!!

Source: Petrosil article dated 03rd April 2020