Bhubaneswar: Odisha Government will set up a textile plant in Bhadrak district to provide employment opportunities to youngsters, informed Industries Minister Sampad Chandra Swain in the state Assembly on Friday.
Responding to Congress MLA Sofia Firdous’ question, Swain apprised the Assembly about an upcoming textile park in Bhadrak.
“A mega feed cracker unit will be set up at Paradip. The by-product of the plant will be used in the textile park in Bhadrak. The project will be carried out in collaboration with the Indian Oil Corporation Limited (IOCL),” the Minister said in his statement.
The Minister further said that more MSMEs will boost employment in Odisha. “In the state budget 2024-25, the government has made allocation for setting up industrial parks. Steps are being taken to engineers self-reliant as per MSME Development Policy 2022,” he added.
It may be noted, in 2023, the state cabinet chaired by (the then) CM Naveen Patnaik approved an incentive proposal of the IOCL for setting up a mega dual feed cracker unit at Paradip at an investment of Rs 58,042 Crore.
The dual feed cracker unit will produce ethylene, poly propylene, poly vinyl chloride (PVC), phenol, iso-propyl alcohol (IPA) for total capacity of 2,822 tonne per annum (KTA).
Comments are closed, but trackbacks and pingbacks are open.