03-09-2021, 11:47 PM
Following is an excerpt from https://tathya.in/?p=5414 .
Quote:New Delhi: Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to develop Paradip Plastic Park.
The MoU was signed on a hybrid mode, in the presence of, Naveen Patnaik, Chief Minister of Odisha and Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan and other dignitaries.
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As part of the MoU signing, to attract investments in downstream polymer industries at Paradip Plastic Park, IndianOil announced a Special Strategic Incentives scheme. An incentive of Rs 2000/MT on Polypropylene granules from Paradip Refinery shall be offered to the manufacturing units located in the Paradip Plastic Park till 31.3.2030. It is estimated that around 26 units will come up at the plastic Park with an estimated investment of 500 Crores and is likely to generate direct and indirect employment of 6,000.