Odisha govt assures support to Taiwan company for petrochemical project

Bhubaneswar: The Odisha government on Thursday assured all support to Taiwan’s state-owned firm CPC Corporation which has proposed to invest Rs 43,000 crore (USD 6.6 billion) in the petrochemical sector in India.

The Taiwan company has identified port town Paradip in Odisha as one of its possible locations for its investment in the petrochemical project in Paradip using feedstock from Indian Oil Corporation (IOC).

While meeting CPC Corporation delegation led by its president Shun-Chin Lee at the state secretariat here, Chief Minister Naveen Patnaik said that a high-level task force headed by the state chief secretary A.P. Padhi will be formed to facilitate the company to set up its facility in Paradip.

Padhi said that the state government has assured the Taiwan company to provide all infrastructural support like land, water, electricity and incentives.

The delegation had on Wednesday visited Paradip to inspect the site. They had met Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Tuesday in New Delhi.