Bhubaneswar: Odisha Chief Minister Naveen Patnaik and Union Petroleum Minister Dharmendra Pradhan on Thursday inaugurated the Product Application and Development Centre (PADC) set up by Indian Oil Corporation Limited at Paradip through a video conferencing.
Built on 5 acres of land with a capital expenditure of Rs 43 crore adjacent to IOCL’s refinery and petrochemicals complex, it will facilitate and support the development of polymer industry in Odisha and eastern part of the country.
The PADC will be the sixth centre of its kind in the country and second in eastern India.
The technical facility is also a recognised laboratory of Department of Scientific and Industrial Research (DSIR) under the Ministry of Science and Technology.
PADC will be working on development of newer grades from Paradip and curtail polymer imports through substitution.
Innovative application development is one of the prime focus of the centre to replace finished goods imports to the country in niche fabrics and technical textiles etc.
The centre will identify area of development of applications of polymeric material and products for enabling India as self reliant promoting indigenous manufacturing.
The centre would also act as a supporting technical centre for polyester yarns and fabrics for the upcoming textile downstream units in Bhadrak and Dhamra.
PADC would be working closely in application and developments of polymers in collaboration with other reputed research institutes such as ICT, Bhubaneswar, CIPET and NCL, Pune.
Product Application and Development Centre is equipped with latest sophisticated testing and processing equipment to cater to the needs of customers and new investors.