Bhubaneswar: Union Minister for Petroleum & Natural Gas, Dharmendra Pradhan on Thursday inaugurated the Petrochemical Investors Conclave 2017 at Mayfair Convention Centre in Bhubaneswar.
Odisha Finance Minister Shashi Bhushan Behera and MSME Minister Prafulla Samal also present at the occasion.
The theme of the Conclave is 'Purvodaya - The Dawn of New Investment Opportunities in Eastern India.'
The Conclave aims to highlight the emerging investment opportunities in the petrochemicals sector in Eastern India and help catalyse investments in the downstream Plastic Parks and Textile Parks proposed to be developed in Eastern India.
Speaking at the occasion Pradhan said Paradip can develop into a petrochemicals hub, leading the industrial growth in Odisha and adjoining areas in the Eastern Region.
A new polypropylene unit of 700 KTA (kilo tonnes per annum) capacity is also getting ready at Paradip Refinery to support the polymers/plastics industry.