Paradip

 town, seaport

Paradip, also spelt Paradeep, is a major seaport town and a designated notified area in Jagatsinghpur district of Odisha, India
Paradip is emerging as a major industrial hub with several upcoming steel plants including a US$12 billion plant being developed by POSCO of South Korea. In addition, alumina refineries, thermal power plants, and a petrochemical complex are under development.
Paradip has been identified for development as one of the six major petroleum, chemicals and petrochemical investment regions (PCPIRs) in India, along the lines of Pudong in China, Rotterdam in Europe and Houston in North America. The Paradip PCPIR has identified an investment potential of US $68.84 billion, spread over 284 square kilometres (110 sq mi) in the area.
As of 2001 India census,[4] As of 2001,Paradip had a population of 73,633. Males constituted 58% of the population and females 42%, due to rapid migration of young industrial workers to the area. 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 2009, the population of this town was estimated at 150,000[citation needed].
The rapid growth is attributed to the migration of workers following the expansion of the port, and establishment of major projects, like Indian Oil's Paradip Refinery.