Odisha Eyes ₹1.2L-Cr Petchem Projects To Reduce Imports

Odisha is expecting a ₹1.2 lakh crore ($14.1 billion) investment over the next 10 years to build a petrochemical hub near the Bay of Bengal, according to a senior government official.

- Rakesh Sharma & Rajesh Kumar Singh

Indian Oil, the country's largest refiner by capacity, will invest half of the amount in a naphtha cracker facility, which will help develop a new downstream market for secondary products such as agrochemicals and pharmaceuticals, said Hemant Sharma, additional chief secretary of the state's industries department.