09-05-2025
Indian State Eyes $14 Billion Petchem Projects to Cut Imports
The eastern Indian state of Odisha is expecting a 1.2 trillion rupees ($14.1 billion) investment over the next 10 years to build a petrochemical hub near the Bay of Bengal, according to a senior government official.
Indian Oil Corp. Ltd., the country's largest refiner by capacity, will invest half of the amount in a naphtha cracker facility, which will help develop a new downstream market for secondary products such as agrochemicals and pharmaceuticals, said Hemant Sharma, additional chief secretary of the state's industries department.
