Prime Minister Narendra Modi inaugurated the Indian Oil Corporation Limited Mono Ethylene Glycol (MEG) project in Paradip Refinery which will bring a revolutionary change in the polyester industry of eastern India. This will also provide raw material to the textile park in Bhadrak and Paradip. This will further help in reducing India's import dependency.

Modi also inaugurated a 344 km long product pipeline traversing from Paradip in Odisha to Haldia in West Bengal. To augment the import infrastructure on the Eastern Coast of India, the Prime Minister inaugurated 0.6 MMTPA LPG Import facility at Paradip.

Prime Minister mentioned the Paradip Refinery which became a topic of discussion in 2002 but no work was accomplished till until the present government came to power in 2014. He also mentioned inaugurating the Paradip - Hyderabad Pipeline in Sangareddy, Telangana yesterday and the 500 km long crude oil pipeline from Haldia to Barauni in Arambagh, West Bengal three days ago. 

Highlighting the inauguration and foundation stone laying of mega development projects worth about Rs 20,000 crores in the sectors of petroleum, natural gas, atomic energy, roadways, railways and connectivity today, the Prime Minister said that it will boost industrial activities in the region and create new employment opportunities. He congratulated the people of Odisha for the development projects of today.

He mentioned the efforts for enhancing the capabilities of the Eastern states in the energy sector. Under the Urja Ganaga Yojana five big states of Uttar Pradesh, Bihar, Jharkhand, West Bengal and Odisha, major projects are underway for the supply of the natural gas.