TV
Odisha Chief Minister Mohan Charan Majhi on Saturday said the proposed yarn project in Bhadrak district will significantly boost the state's economy and create substantial employment opportunities.
The proposed project will be a joint venture between state-owned Indian Oil Corporation Limited (IOCL) and MCPI Private Limited, the CM said.
"Thank you, @IndianOilcl, for approving the establishment of a Yarn Project worth Rs 4,382 Cr in #Bhadrak. This joint venture with MCPI Pvt Ltd will greatly enhance Odisha's economy and generate significant employment opportunities," Majhi posted on X.
The IOCL board has approved the proposal to set up the yarn project in Bhadrak on a 50:50 partnership with MCPI Private Limited. The project will feature a 900 TPD continuous polymerisation (CP) unit, along with downstream units for draw textured yarn (DTY), fully drawn yarn (FDY), polyester chips, and other associated facilities, sources said.
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Earlier on Friday, the Odisha government on Friday prescribed modalities for the implementation of Panchasakha Sikhya Setu (PSS), the flagship programme of the state government aiming to revamp school education by promoting volunteerism and collaboration through innovative citizen government partnership.
The PSS scheme encourages individual alumni, alumni associations, groups of persons, institutions, social impact organisations, companies, foundations, CSR activities, philanthropists, and others to contribute to the enhancement of the school ecosystem in Odisha.
These donors will be provided with a platform to donate funds, materials, and services for the overall development of the schools in Odisha.
