Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan has written to Chief Minister Naveen Patnaik urging him to allot the Indian Oil Corporation Limited (IOCL) the required land for its new projects in Paradip and Bhadrak.
The IOCL is in the process of finalising almost Rs 40,000-crore investments in new projects in Odisha — a PX/PTA project, Petcoke gasification-based projects and refinery capacity expansion project at Paradip, besides participation in the Textile Park proposed at Bhadrak, Pradhan mentioned in the letter.
“It is rather unfortunate and discouraging that the Odisha Government has not allotted the required land yet for the projects,” wrote Pradhan.
He also mentioned in the letter about planning by Taiwan’s state-owned petroleum firm CPC Corporation for investing Rs 43,000 crore for greenfield petrochemical projects in Paradip.
Opining that the proposed investments by the CPC and the Indian Oil would not only contribute to the State’s economy but also lead to direct and indirect employment generation for the youths of the State, Pradhan requested the CM to direct the concerned State Government authorities suitably in this regard.