Pradhan inaugurates Textiles & Plastics Conclave
New Delhi 02-Sep-2018

In a move aimed at drawing investments into the Odisha and for forging equitable growth across the country, Dharmendra Pradhan, Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship; inaugurated the first-of-its-kind Textiles and Plastics Investors Conclave here on Sunday in the presence of Pradipsinh Jadeja, Minister of State for Home, Law & Justice, Energy and Parliamentary Affairs, Govt of Gujarat. Sanjiv Singh, Chairman, IndianOil; Avinash Joshi, MD, ONGC Petro additions Ltd. (OPAL); Sandeep Poundrik, Jt. Secretary (Refining), MOP&NG; Aparna Sharma, Jt. Secretary, Deptt. Of Chemicals & Petrochemicals, were also present on the occasion.

About 1000 delegates attended the Conclave, organised by Indian Oil Corporation Ltd. (IndianOil), under the aegis of the Ministry of Petroleum & Natural Gas, Government of India, in association with OPAL, was based on the theme "Purbodaya: Unfolding Mega Opportunities in Textiles & Plastics Downstream Sectors in Odisha."

Projecting Odisha as a sound investment destination, Dharmendra 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 IndianOil providing the raw materials." Urging investors to invest in Odisha, he added, "Craftsmanship & finesse are synonymous with the people of Odisha as entrepreneurship & business acumen is to the people of Surat.

Therefore, it makes sense to showcase opportunities for investment in Odisha at Surat." Speaking on the occasion, Pradipsinh Jadeja said, "Gujarat is the hub for both petrochemicals and textiles industries. The entrepreneurial spirit of the people of Surat has developed the city into a thriving economy based on textile & various other industrial clusters. The Investors Conclave will highlight the emerging investment opportunities in the downstream petrochemicals sector in Odisha and facilitate investments in the proposed Textiles and Plastics Parks in the eastern state of Odisha. Speaking on the occasion, Chairman, IndianOil, Sanjiv Singh, said, "IndianOil has invested Rs. 35,000 crore in Paradip Refinery. A new polypropylene unit of 700 KTA (kilo tonnes per annum) capacity is getting ready at the Paradip Refinery complex to support the plastics industry. Estimated to cost Rs. 3,150 crore, the plant is getting ready to be commissioned by the end of this year. We are also planning to set up an integrated PX/PTA Plant and a Glycols Plant at Paradip at a combined investment of Rs 13,000 crore. The PX/PTA and Glycols plants will provide the raw material to catalyse the development of a world-class integrated Textiles Park being planned by the Government of Odisha at Bhadrak."

“IndianOil has entered into a joint venture with IDCO to develop the Paradip Plastics Park, at an investment of Rs 106 crore, to provide a state-of-art manufacturing base for the downstream plastics industry in Odisha with support facilities ranging from warehouse for raw material and finished products, product testing facilities, etc. all under one roof," he added. The event witnessed participation of a wide array of stakeholders, including vibrant young entrepreneurs, industry stakeholders and professional from the plastics and textiles industries. Dharmendra Pradhan and Pradipsinh Jadeja also inaugurated an exhibition on the sidelines of the Conclave in which various established players of textiles and plastics industries in Gujarat showcased their products & expertise. A knowledge paper showcasing mega opportunities in Textiles & Plastics downstream sectors in Odisha, prepared by M/s. Deloitte, was unveiled by the dignitaries on the occasion. An Investor Facilitation Centre was also set up in the Conclave to guide the prospective investors in Plastics Park at Paradip and Textiles Park at Bhadrak. Representatives from Central Government organisations, State Government, IndianOil and financial institutions were available to guide the investors in this facilitation centre.

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All content present on this site is the exclusive property of IndianOil. The software, text, images, graphics, video and audio used on this site belong to IndianOil. No material from this site may be copied, modified, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from IndianOil. All rights not expressly granted herein are reserved. Unauthorized use of the materials appearing on this site may violate copyright, trademark and other applicable laws, and could result in criminal or civil penalties. IndianOil is a registered trademark of Indian Oil Corporation Ltd. This trademark may not be used in any manner without prior written consent from IndianOil.
IndianOil does not make any warranties, express or implied, including, without limitation, those of merchantability and fitness for a particular purpose, with respect to any information, data, statements or products made available on the Site.
The Site, and all content, materials, information, software, products and services provided on the Site, are provided on an "as is" and "as available" basis. IndianOil expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
IndianOil shall have no responsibility for any damage to User's computer system or loss of data that results from the download of any content, materials, information from the Site.
IndianOil may change or discontinue any aspect of its website at any time, including, its content or features. IndianOil reserves the right to change the terms and conditions applicable to use of the Site. Such changes shall be effective immediately upon notice, which shall be placed on the Site.
In no event will IndianOil be liable for damages of any kind, including without limitation, direct, incidental or consequential damages (including, but not limited to, damages for lost profits, business interruption and loss of programs or information) arising out of the use of or inability to use IndianOil's website, or any information provided on the website, or in the Products any claim attributable to errors, omissions or other inaccuracies in the Product or interpretations thereof. Some jurisdictions do not allow the limitation or exclusion of liability. Accordingly, some of the above limitations may not apply to the User.
User agrees to indemnify, defend and hold IndianOil harmless from and against all losses, expenses, damages and costs, including reasonable attorneys' fees, arising out of or relating to any misuse by the User of the content and services provided on the Site.
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