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Related Keywords: create employment opportunities, growth of petrochemicals sector in Odisha, IDCO, Indian Oil Corporation Ltd, Industrial Development Corporation of Odisha, IOCL, new eco-system, organised to create new inspiration, Petrochemical Investors Conclave, Plastic park, set up textile, signed MoU

At the Petrochemical Investors Conclave , the first-of-its-kind organised to create a new inspiration and a new eco-system for the growth of petrochemicals sector in Odisha, at the same time create employment opportunities for the youth of the state on a large scale. The Indian Oil Corporation Ltd (IOCL) and Industrial Development Corporation of Odisha (IDCO) on Thursday signed two memoranda of understanding (MoUs) to collaborate in the setting up Textiles and Plastic Park at Paradip Refinery in Odisha.

Related Keywords: apparel manufacturing units, design centre, effluent collection treatment and disposal, facilitating world class infrastructure, give boost to textile sector, IDCO, in Bhadrak district, land acquisition arm, Odisha government, plans to develop integrated textile park, special purpose vehicle, under Integrated Textile Parks scheme, warehouse

The Odisha government to give a boost to its textile sector plans to develop an integrated textile park over 112 acres of land in Bhadrak district. A detailed project report of the proposed park has been sent to the textile ministry to grant funds under the Secheme for Integrated Textile Parks (SITP) said an official of Idco (Odisha Industrial Infrastructure Development Corporation), the land acquisition arm of the state government.

Related Keywords: CUTM, handloom products, IDCO, incubation centre, Integrated textile park, manufacturing textile, NIFT, skill development, state of Odisha, technology upgradation

The Government has decided to develop an integrated textile park during the current plan period and set up an incubation centre in the campus of National Institute of Fashion Technology (NIFT) to provide common services and facilities required for manufacturing textile and handloom products.

The decision was taken recently when Union Secretary of Textiles Sanjay Kumar Panda was on a visit to the State of Odisha.