Bhubaneswar: A 43-Crore Production Application and Development Centre (PADC) of IOL at Paradeep was jointly inaugurated through virtual platform today by Chief Minister Naveen Patnaik and Union Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan.
Addressing on the occasion, Chief Minister Naveen Patnaik said, “ This centre will not only perform a pivotal role in developing new materials and innovative applications but will also provide support to investors in setting up manufacturing units in the Plastic and Polymer Sectors.
IOCL is the anchor for the Plastic and Petro Chemicals based Industries in Odisha. It should play pro-active role in providing infrastructure, raw material support and technology support to entrepreneurs who wish to set up their units in the region. The expansion of Paradeep Refinery must take into account the requirement of raw material feedstock and building blocks for the development of Polymer and Petro Chemical Industry. The IOCL’s proposed project in the Bhadrak Textiles Park is also an important step towards developing an ecosystem for technical textiles in Odisha. The implementation of Bhadrak project of IOCL also needs to be expedited.
The Product Application and Development Centre at Paradeep can play the role of a catalyst in developing Polymer based Industry in Odisha. It should emerge as one of the Centres of Excellence in the field of Polymer applications.”
Speaking at the inaugural function, Union Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan emphasized on the importance of joint effort by both Union Government and State Government in promoting industries in sectors like petro chemical, steel, mines, tourism, agriculture and agri-entreprisers to boost revenue generation and create employment in the State. He expressed hope that this project would go a long way in development of Polymer industry in eastern Indian especially in Odisha and will fulfill the Purbodaya Abhijan of the Prime Minister. He added that PADC will help the nation to become a leader in Polymer Research, Application and Development.
Chairman, IndianOil, Sanjeeb Singh gave the welcome address and Union Secretary, Ministry of Petroleum & Natural Gas Tarun Kapoor gave introduction about the project. S.M. Vaidya, Director, Refineries (Indian Oil) proposed vote of thanks.