Land Identification For Haldia Petrochemicals’ Project Begins In Odisha

The Odisha government has initiated the land identification process for a mega petrochemical complex proposed by Haldia Petrochemicals Ltd (HPL).

HPL was the biggest greenfield investor at the second edition of Make in Odisha 2018, a biennial investors’ conclave, pledging Rs 70,000 crore investment.

“We have identified some 2000 acres of land close to the Subarnarekha port site for the HPL project. The state government is committed to easing land acquisition hurdles and also smoothen post land allotment issues of the investors”, said an Odisha government official.

HPL, which runs a naphtha-based petrochemical complex at Haldia, is considered as the symbol of industrial resurgence in West Bengal. The company has played a crucial role in developing more than 500 downstream processing industries in West Bengal, with a combined capacity to process over 350,000 tonnes (MT) of polymers, and hence generating employment opportunities for around 150,000 people.

Petrochemicals, chemicals & plastics, one of the six focus sectors listed by the Odisha government, was the highest investment grosser in the non-mineral category at Make in Odisha 2.0.

Eastern India has the potential to attract investment worth Rs 30,000 crore in the petrochemicals sector by 2030 and Odisha is eyeing to grab a major chunk of that pie.

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