20240504122910.png)
Interviews
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
News Flash
IOCL textiles park in Odisha's Bhadrak to start in 2023-24
17 Nov '20
1 min read
Pic: Shutterstock
The proposed textile park of Indian Oil Corporation Limited (IOCL) in Bhadrak will be functional in 2023-24. IOCL’s deputy general manager for business development (petrochemicals) Dhananjay Sahoo told a webinar organized recently by non-profit Odisha Corporate Foundation that the 900-tonnes per day (TPD) textile park will be set up with an investment of around ₹1,971 crore.
On the planned plastic park in Paradeep, the ministry of chemicals and fertilizers sanctioned over 120 acre on the IOCL premises for it in 2013. While the total estimated cost of the project is ₹106 crore, the central government has contributed ₹40 crore, according to media reports from the state.
While the state and country hold immense potential to invest in textiles and plastics industry, the demand will grow by 20 to 25 per cent in the coming years, said IOCL’s chief general manager for petrochemicals strategy and project AV Raghunandan.
On the planned plastic park in Paradeep, the ministry of chemicals and fertilizers sanctioned over 120 acre on the IOCL premises for it in 2013. While the total estimated cost of the project is ₹106 crore, the central government has contributed ₹40 crore, according to media reports from the state.
While the state and country hold immense potential to invest in textiles and plastics industry, the demand will grow by 20 to 25 per cent in the coming years, said IOCL’s chief general manager for petrochemicals strategy and project AV Raghunandan.
Fibre2Fashion News Desk (DS)
Popular News
Leave your Comments
Editor’s Pick
Apparel/Garments
May 05, 2024
2 min read
Apparel/Garments
May 05, 2024
1 min read
Textiles
May 05, 2024
2 min read
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
