Online Paradeep: IOC snaps ties with Tata Power on Paradip project

about paradip

Port of Paradip is the primary seaport in the Indian state of Orissa. Paradip port handled 33,109,000 tonnes of cargo in 2005-2006, out of which 12,529,000 tonnes was thermal coal and 10,273,000 tonnes was iron ore.^[2]Located on the Bay of Bengal at latitude 20° 55.44' N and longitude 86°34.62' E, it is an artificial harbour which accepts sea traffic via man made lagoons. Former Chief Minister of Orissa Biju Patnaik, who was also a famed aviator and freedom fighter, spearheaded the port's establishment.

Paradip is emerging as a major investment in India with several upcoming steel plants including a gigantic $12 billion plant by POSCO, alumina refineries, thermal power plants, and a petrochemical complex. Paradip will become one of the six major petroleum, chemicals and petrochemical investment regions (PCPIRs) planned in India, along the lines of Pudong in China, Rotterdam in Europe and Houston in North America, accelerating the transformation of the state of Orissa into one of the major manufacturing and commercial regions of the world within 10 years. The PCPIR at Paradip is planned with an initial investment of US $68.84 billion, including the setting up of a refinery cum petrochemical complex over 284 km² of land ^[3].

Demographics

As of 2001^[update] India census,^[4] Paradip had a population of 73,633. Males constitute 58% of the population and females 42%. Paradip has an average literacy rate of 73%, higher than the national average of 59.5%: male literacy is 79%, and female literacy is 65%. 12% of the population is under 6 years of age.

In 2003, the population of Paradip surpassed 100,000.^{[citation needed]}

Online Paradeep

Saturday, September 26, 2009

IOC snaps ties with Tata Power on Paradip project

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