Home » Business » Chemical Industry Capable of Creating 2 Million Employment in Next 5 Years – ICT, Bhubaneswar to Push Growth of Chemical Industry in the State says NALCO CMD Dr. T.K.Chand
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Chemical Industry Capable of Creating 2 Million Employment in Next 5 Years – ICT, Bhubaneswar to Push Growth of Chemical Industry in the State says NALCO CMD Dr. T.K.Chand

Bhubaneswar, 22/03/2019: “The requirements of industries are varied and dynamic. The skill-sets need to be matched with the industry requirements for bringing out the best in business. Both industry and academia need to collaborate if India is to sustain the rapid pace of development, matching with global standards”, said Dr. Chand , while addressing at the 1 st Foundation Day celebration of Institute of Chemical Technology(ICT) at the Indian Oil Odisha Campus, here at Bhubaneswar

Welcoming the establishment of Institute of Chemical Technology in Bhubaneswar, Dr Chand said, that the institute will provide the much desired platform for industries and academicians under one roof to bridge the gap between industries and academic institutions in the areas of curriculum, industry-preparedness, research and development and will also help upskill young professionals to make them ready for Industry 4.0.

Indian Chemical Industry has a large and growing domestic market. And with more than 80000 products used as input by other industries, the market size of chemical industry is near to 165 billion dollars, which is likely to be doubled in next 5 years, said Dr. Chand.

“With Odisha emerging as a choice destination for investment with required eco-system for Industries, and coming up of premier institutions like Institute of Chemical Technology, NALCO’s decision to set up its second caustic soda plant at Paradeep in Odisha at an investment of more than Rs.3000 crore is a timely one. I hope that the first caustic soda plant of the company set up earlier at Gujarat, which is set to be commissioned next year would benefit NALCO to the tune of Rs.120 crore annually,” he added.

Dr Chand also pinned his hope that with the establishment of internationally recognized Institutions in this part of the country for dissemination of global knowledge and timely information to industries to use in the development and implementation coupled with the rich natural resources of the state will certainly lead to Eastern India in general and Odisha in particular emerging as a hub of Chemical industries in the near future. Dr. Chand further stressed that Chemical industries greatly contribute towards the growth and development of MSME sectors and shall pave way for large-scale employment to the youth.

Among others, Shri Aditya Prasad Padhi, Chief Secretary & Chief Development Commissioner, Govt of Odisha, Prof G.D. Yadav, Vice Chancellor, ICT, Prof Damodar Acharya, Independent Director of NALCO and Prof B.N. Thorat, Director ICT-IOC, Bhubaneswar were notably present on the occasion.

Worth mentioning, NALCO headquartered in Bhubaneswar, is the one of the biggest Chemical processing industry with global benchmark of being the lowest cost producer of both Alumina and Bauxite in the World, thereby demonstrating excellence achieved by a home grown industry.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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