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Indian Oil Corp, IDCO sign MoU for Paradip Plastic Park in Odisha

The state-run Odisha
Industrial Infrastructure Development Corporation (IDCO) and Indian Oil Corpration Limited (IOCL) on Tuesday signed a Memorandum of Understanding (MoU) to develop a plastic park in Paradip, officials said.
As per the MoU, Indian Oil announced a special strategic incentive scheme to attract investments in downstream polymer industries at Paradip Plastic Park.
An incentive of Rs 2000 for each metric tonne of polypropylene granules from Paradip Refinery shall be offered to the manufacturing units located in the Paradip Plastic Park till March 31, 2030.
Around 26 units are expected to come up at the plastic park with an estimated investment of Rs 500 crore and it is likely to generate 6,000 direct and indirect employment. ....

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IOC, IDCO sign MoU for Paradip plastic park

IOC, IDCO sign MoU for Paradip plastic park
By
IANS
|
Published on
Tue, Mar 9 2021 20:06 IST
|
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Petrol. (File Photo: IANS). Image Source: IANS News
Bhubaneswar, March 9 : Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) on Tuesday signed a memorandum of understanding (MoU) to set up a plastic park at Paradip.
The proposed park will come up on 120 acres of land with an investment of Rs 106 crore.
The MoU was signed in the virtual presence of Chief Minister Naveen Patnaik and Union Petroleum Minister Dharmendra Pradhan.
The Chief Minister said Paradip Plastic Park is going to be a real game-changer for the downstream plastic industry. ....

Naveen Patnaik , Dharmendra Pradhan , Indian Oil Corporation Limited , Union Petroleum , Odisha Industrial Infrastructure Development Corporation , Chief Minister Naveen Patnaik , Union Petroleum Minister Dharmendra , Chief Minister , Paradip Plastic Park , Eastern India , Paradip Plastic , Paradip Refinery , நவீன் பாதநைக் , தர்மேந்திரா ப்ர்யாட்ஹந் , இந்தியன் எண்ணெய் நிறுவனம் வரையறுக்கப்பட்டவை , தொழிற்சங்கம் பெட்ரோலியம் , ஓடிஷா தொழில்துறை உள்கட்டமைப்பு வளர்ச்சி நிறுவனம் , தலைமை அமைச்சர் நவீன் பாதநைக் , தொழிற்சங்கம் பெட்ரோலியம் அமைச்சர் தர்மேந்திரா , தலைமை அமைச்சர் , முன்னுதாரணம் நெகிழி பூங்கா , கிழக்கு இந்தியா , முன்னுதாரணம் நெகிழி , முன்னுதாரணம் சுத்திகரிப்பு நிலையம் ,