<ul><li>Indian Oil Corp. plans to invest over Rs 61,000 crore in building a petrochemical complex in Paradip, Odisha, to meet the growing demand for petrochemicals in India.</li><li>The new petrochemical complex in Paradip is expected to be ready by 2029 and will produce various petrochemicals essential for industries like pharmaceuticals and agriculture, reducing reliance on imports.</li><li>India's demand for petrochemicals is estimated to grow from 30-35 million tonnes now to 80 million tonnes by 2040, which requires establishing new facilities every two years.</li><li>The Paradip petrochemical complex will be a game-changer, catalyzing industrial growth and self-sufficiency in the entire eastern region, and saving over Rs 30,000 crore annually in foreign exchange.</li></ul>

Indian Oil's Mega Investment: Rs 61,077 Crore Petrochemical Complex In Odisha

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