Bhubaneswar: Odisha government plans to set up a textile plant in Bhadrak district to provide employment opportunities to youngsters, Industries Minister Sampad Chandra Swain told the Assembly on Friday.
In reply to a question raised by Congress MLA Sofia Firdous, Swain apprised the Assembly about the state government’s decision to set up a textile park in Bhadrak.
In his statement, the minister said, “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 undertaken in collaboration with the Indian Oil Corporation Limited (IOCL).”
The minister added that the government will encourage setting up more MSMEs as it will boost employment opportunities in Odisha. “In the Budget for 2024-25 fiscal, the state government has made allocation for setting up industrial parks. Steps are being taken to make engineers self-reliant as per the MSME Development Policy 2022,” he added.
In 2023, the BJD government in Odisha led by 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 ton per annum (KTA).
