Indian Oil Corporation Limited has signed a Memorandum of Understanding with the Gujarat government to set up six petrochemical projects. These projects will be set up around Vadodara with the investment of Rs. 24,000 crore. <br />''<br />''The MoU was signed today at Gandhinagar in the presence of Gujarat Chief Minister Vijay Rupani and Union Petroleum Minister Dharmendra Pradhan. <br />''<br />''According to official release, the projects will include LuPech project for petrochemicals, Acrylics-Oxo Alcohol project at Dumad near Vadodara, infrastructure for KAhSPL at JR & Dumad, shifting of LAB TTL facility in Dumad and New Flare at JR and hydrogen dispensing facility. <br />''<br />''<span style="color: #222222;">The projects will create employment opportunities for 25,000 people. Gujarat Chief Minister Vijay Rupani welcomed the investments by IOC and termed it as a big boost for the State's petrochemicals sector. The MoU was signed by IOC Chairman S.M. Vaidya and Additional Chief Secretary – Industries, Government of Gujarat M.K.Das.</span><br />