Current Affairs - State - Discussion

Indian Oil Corporation Ltd (IOCL) is making its largest-ever single-location investment of ₹61,077 crore to develop a world-class petrochemical complex in Paradip, Odisha. This initiative aims to significantly enhance India’s petrochemical capabilities and boost industrial infrastructure in the eastern region. The project includes a dual-feed cracker and downstream units that will manufacture high-demand petrochemical products like polypropylene, phenol, PVC, and synthetic rubber. Strategically located in Paradip, with its strong coastal connectivity, the complex is expected to catalyze the growth of the Paradip Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) and generate substantial employment, accelerating Odisha's transformation into a key industrial hub.