IOCL textiles park in Odisha’s Bhadrak to start out in 2023-24

2020/11 17 05:11

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The proposed textile park of Indian Oil Company Restricted (IOCL) in Bhadrak shall be purposeful in 2023-24. IOCL’s deputy normal supervisor for enterprise improvement (petrochemicals) Dhananjay Sahoo informed a webinar organized not too long ago by non-profit Odisha Company Basis that the 900-tonnes per day (TPD) textile park shall be arrange with an funding of round ₹1,971 crore.

On the deliberate plastic park in Paradeep, the ministry of chemical compounds and fertilizers sanctioned over 120 acre on the IOCL premises for it in 2013. Whereas the whole estimated value of the mission is ₹106 crore, the central authorities has contributed ₹40 crore, in line with media experiences from the state.

Whereas the state and nation maintain immense potential to spend money on textiles and plastics business, the demand will develop by 20 to 25 per cent within the coming years, stated IOCL’s chief normal supervisor for petrochemicals technique and mission AV Raghunandan.

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The proposed textile park of Indian Oil Company Ltd in Bhadrak shall be purposeful in 2023-24. IOCL’s deputy normal supervisor for enterprise improvement (petrochemicals) Dhananjay Sahoo informed a webinar organized not too long ago by non-profit Odisha Company Basis that the 900-tonnes per day textile park shall be arrange with an funding of round ₹1,971 crore.




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