Oil minister urges entrepreneurs to invest in Odisha

Textiles and Plastics Investors Conclave was inaugurated by petroleum minister Dharmendra Pradhan in Surat

GN Bureau | September 5, 2018


#Dharmendra Pradhan   #Textiles and Plastics Investors Conclave   #petrol   #oil   #natural gas  

Aiming at drawing heavy investments in Odisha, a Textiles and Plastics Investors Conclave was inaugurated by union minister for petroleum and natural gas Dharmendra Pradhan in Surat.

 
Organised by Indian Oil Corporation Ltd, the conclave, themed ‘Purbodaya: Unfolding Mega Opportunities in Textiles & Plastics Downstream Sectors in Odisha’, witnessed participation of around 1,000 delegates."
 
Projecting Odisha as a sound investment destination, Pradhan credited Prime Minister for Purbodaya and said, “Odisha has immense potential for the growth of the plastics and textiles sectors with convenient access to all the primary raw material needed. The region also has the necessary infrastructure, including ports, railway connectivity and road networks alongwith low-cost labour, that will facilitate the speedy development of the two sectors. Odisha presents a whole lot of possibilities and opportunities in the textiles and plastics industry with Indian Oil providing the raw materials.”
 
Urging investors to invest in Odisha, Pradhan said, “Craftsmanship and finesse are synonymous with the people of Odisha as entrepreneurship and business acumen is to the people of Surat. Therefore, it makes sense to showcase opportunities for investment in Odisha at Surat.”
 
IOCL Chairman Sanjiv Singh said, “IndianOil has invested Rs 35,000 crore in Paradip refinery. A new polypropylene unit of 700 kilo tonnes per annum capacity is getting ready at the Paradip refinery complex to support the plastic industry. Estimated to cost Rs 3,150 crore, the plant is getting ready to launch by the year-end.”
 

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