Odisha Bags India’s highest domestic investment

Odisha’s High-Level Clearance Authority (HLCA), supervised by Chief minister Naveen Patnaik, has accepted a proposal submitted by Haldia Petrochemicals Ltd. (HPL) to set up an integrated factory at a total investment of USD 4.05 billion.

This Haldia Petrochemicals project has the ability to produce one lakh jobs by generating downstream garments and food packaging manufacturers since these are key components for producing polyester fibres and plastic.

Haldia Petrochemicals Ltd was incorporated in September 1985. The factory complex of HPL is situated at Haldia, West Bengal.

Odisha News Insight