Dikhyaa Mohanty 
An investment of Rs 4,382 crore has been sanctioned by the Indian Oil Corporation Ltd (IOCL) to build a cutting-edge textile park in the Bhadrak district. The project intends to generate substantial economic prospects and strengthen the textile sector in the area.
On X, Odisha Chief Minister Mohan Charan Majhi thanked IOCL for its assistance and acknowledged the contributions of Prime Minister Narendra Modi and Union Minister for Petroleum and Natural Gas Hardeep Singh Puri.
The textile park will be developed at Dhamnagar under the Bhandaripokhari block as a joint venture between IOCL and MCPI, with both partners holding equal stakes. The Odisha Industrial Infrastructure Development Corporation (IDCO) has allocated 56 acres of land for the project. Infrastructure work at the site is already underway. While the boundary wall has been completed, road construction is nearing completion. With the recent sanction of funds by IOCL, the remaining development activities are expected to accelerate significantly.
This ambitious project is set to bolster Odisha’s position as a key player in the textile sector, fostering job creation and industrial growth in the region.
