Odisha inks deal for tech varsity campus

The Institute of Chemical Technology (ICT), a deemed university from Mumbai, on Thursday signed a MOU with the Indian Oil Corporation (IOCL) to set up a campus in Odisha. The institute will impart skills training to unemployed youths of the state who will be later on engaged in the various downstream of petrochemical industries. The MoU was signed during the Petrochemical Investors' Conclave, 2017.

By Subhashish Mohanty in Bhubaneshwar
  • Published 17.11.17
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Union minister Dharmendra Pradhan at the event in Bhubaneswar on Thursday. Picture by Ashwinee Pati

Bhubaneswar: The Institute of Chemical Technology (ICT), a deemed university from Mumbai, on Thursday signed a MOU with the Indian Oil Corporation (IOCL) to set up a campus in Odisha. The institute will impart skills training to unemployed youths of the state who will be later on engaged in the various downstream of petrochemical industries. The MoU was signed during the Petrochemical Investors' Conclave, 2017.

Union minister for petroleum and natural gas Dharmendra Pradhan said: "The cooperation between the IOCL and the ICT will act as a catalyst for exponential growth of this petrochemical ecosystem which will result in attracting investments and entrepreneurs to eastern region. It will also support in creating employment opportunities for the local population by focusing on skill development."

ICT vice-chancellor G.D. Yadav said: "The ICT has a glorious history of 78 years, having produced many industrialists, academics, scientists of repute. It has been spearheading various projects of the University Grants Commission, the department of atomic energy, the department of science and technology and other panels of chemical engineering, food engineering, textiles, dyes and polymers."

He said: "The Bhubaneswar campus is likely to come up by next year. In the first batch, 75 students will be enrolled. They will take training and after completion of training they will join industries. After two years, they will come back again and fine-tune their skills."

The ICT has entered into many agreements with various institutes and industrial units to have faculty and student exchange and research programmes, joint projects and symposia.

The IOCL in Paradip will also benefit from the campus as it will also get skilled manpower. The IOCL has commissioned its Paradip refinery in 2016 and will be commissioning a polypropylene plant of 700-KTPA (kilo tonnes per annum) capacity in Paradip by next year.

The IOCL on Thursday also signed an MoU with MCPI Private Limited for establishing a continuous polymerisation and yarn unit.

Officials said the proposed continuous polymerisation and yarn units would usher in textile revolution in east India by providing necessary raw materials for synthetic yarn, fibres and PET bottles which will attract entrepreneurs and investment to this region and will generate huge employment opportunities.