India, April 8 -- On the second day of Odisha Chief Minister Mohan Charan Majhi's visit to Delhi, the State Government signed a major Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the establishment of a dual-feed naphtha cracker project. The project, with a projected investment of 58,042 crore, is expected to generate employment for approximately 24,000 people.

Per official sources, multiple MoUs were signed during the second day of the Odisha Investors' Meet, collectively drawing investment commitments worth 98,880 crore. These projects are anticipated to create around 67,000 job opportunities in the State.

In addition to the IOCL agreement, MoUs were also signed with Indian Strategic Petroleum Reser...