Indian Oil Corp. plans to invest Rs 61,000 crore in establishing a naphtha cracker project at Paradip, Odisha.An MoU for the project will be signed between the Odisha government and IOCL during the 'Utkarsh Odisha—Make in Odisha 2025' summit in January.IOCL will also lay the foundation stone for their Rs 4,352 crore yarn project at Bhadrak during the event.The projects will create huge employment opportunities for the youth and boost the manufacturing sector in the state.