IOCL, ICT Mumbai sign MoU for setting up of ICT Campus in Bhubaneswar

Insight Bureau:  Indian Oil Corporation Limited (IOCL), the leading central PSU under Ministry of Petroleum and Natural Gasand Institute of Chemical Technology (ICT), Mumbai, a deemed University and Centre of Excellence established under Section-3 of UGC Acthave signed an MoU today for exploring feasibility of establishing an ICT campus at Bhubaneswar in the presence of Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Skill Development and Entrepreneurship during the Petrochemical Investors Conclave 2017 at Bhubaneswar, Odisha.

IOCL has already commissioned its state of the art Paradip Refinery in 2016 and will be commissioning a Polypropylene Plant of 700 KTA at Paradip, Odisha by 2018. This plant will be providing raw material for downstream Industries such as Plastic Furniture, Cement Bags, Packaging Films, Non-Woven bags for domestic and export markets at Odisha. The plant will help emergence of world classPetrochemical ecosystem in Eastern Region.

Technical Skills development is a pre-requisite for leveraging the advantages of this world class Petrochemical ecosystem and ICT which has a glorious history of 78 years, having produced many Industrialists, academics, scientists of world repute such as Padmavibhushan Prof MM Sharma, Member Scientific Advisory Committee,Dr. RA Mashelkar, former DG CSIR etc.is going to play a pivotal role by extending its expertise to Plastic processing Industry.

This institute has been spearheading various projects from the UGC, DAE, DBT, DST and other agencies, and Indian and Foreign Industries with several centres of excellence including Chemical Engineering, Food Engineering, Textiles, Dyes and Polymers. The faculty is highly accomplished with multi-disciplinary interests and decorated with national and International awards and honours including 19 Padma Awardees.

The joint cooperation between IOCL and ICT will act as a catalyst for exponential growth of thisPetrochemical ecosystem which will result in attracting Investments and entrepreneurs to Eastern Region and also support in creating employment opportunities for the local population by focussing on skill development and thus accomplish the goal of development of Eastern Region.