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IOCL has approved a funding of Rs 4,382 crore for textile park in Bhadrak

Bhubaneswar:21/12/24: The Indian Oil Corporation Ltd (IOCL) has approved funding of Rs 4,382 crore for the establishment of a state-of-the-art textile park in Bhadrak district. The project aims to boost the region’s textile industry and create significant economic opportunities.

Odisha Chief Minister Mohan Charan Majhi expressed his gratitude on X (formerly Twitter), thanking IOCL for its support and acknowledging Prime Minister Narendra Modi and Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, for their contributions to the project.

The textile park will be developed at Dhamnagar under the Bhandaripokhari block as a joint venture between IOCL and MCPI, with both partners holding equal stakes. The Odisha Industrial Infrastructure Development Corporation (IDCO) has allocated 56 acres of land for the project.

Infrastructure work at the site is already underway. While the boundary wall has been completed, road construction is nearing completion. With the recent sanction of funds by IOCL, the remaining development activities are expected to accelerate significantly.

This ambitious project is set to bolster Odisha’s position as a key player in the textile sector, fostering job creation and industrial growth in the region.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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