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Indian Oil PADC at Paradip inaugurated

By Niranjan Mudholkar,

Added 26 June 2020

Will act as incubation centre for new entrepreneur development in and around Odisha in the field of Plastics

indian-oil-padc

Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan along with the Chief Minister of Odisha Naveen Patnaik inaugurated the PADC

Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan along with the Chief Minister of Odisha Naveen Patnaik has inaugurated a Product Application & Development Centre (PADC) setup by Indian Oil at Paradip.

PADC has been setup by Indian Oil at Paradip with a capex of Rs 43 crore, adjacent to its refinery and petrochemicals complex. There are four laboratories in PADC namely Polymer Processing Lab, Analytical Testing Lab, Chemical Analysis Lab and Characterisation Lab. The Technical centre is equipped with 50 latest sophisticated polymer testing and processing equipment to cater to the needs of customers and new investors. PADC, Paradip is recognised as a research centre by the Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Govt of India.

PADC will act as incubation centre for new entrepreneur development in and around Odisha in the field of Plastics. The centre will render assistance to customers and investors in product and application development for polymer finished products such as molded furniture, houseware, wovensacks for packaging cement, fertiliser, healthcare applications like baby diaper, personal protective suit, mask etc. The centre will carry out testing and developmental activities for investors of Paradeep Plastic Park and other clusters like Balasore and Khurda. The centre will impart requisite product and process training to the prospective and budding investors including hand holding activities for plant set-up, selection of machinery and material. PADC will provide quality assurance, complaint handling, customer support, benchmarking studies, new & niche grade development and application development activities.

Pradhan said, “Fueled by the Honorable Prime Minister’s vision of Mission Purvodaya of ensuring eastern India-led national growth, centre and Odisha Government are working together to ensure development of Odisha. The state holds immense potential in petrochemicals, steel, mines and coal, Aluminium, tourism, textile, agri entrepreneurship. Government of India is committed to promoting entrepreneurship in Odisha across sectors which will lead to large scale job creation.”

“The world class facility will ensure availability of raw material, facilitate entrepreneurs in petrochemicals sector and provide training to the prospective and budding investors. This centre-of-excellence will help in creating several new employment and self-employment opportunities for the Odia youth, women and hard working workforce and will further boost state’s revenue and economy. This is a big milestone in the development of Odisha, and will contribute to the making of an Aatmanirbhar Odisha and subsequently contribute to the overall vision of an Aatmanirbhar Bharat.”

Naveen Patnaik, Chief Minister of Odisha, expressing happiness at the inauguration said, “This centre will not only perform a pivotal role in developing new material and innovative applications, it will also help investors to set up manufacturing units in plastic and polymers sectors.”He said that IOCL has been acting as an anchor in development of plastics and polymer industry in the state, and the new Centre will further support the innovation and entrepreneurship in the area.
END

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