Odisha’s maiden Private Industrial Park receives nod
This development is in the backdrop of recently launched policy framework for private participation in industrial infrastructure development.
The State level Committee (SLC) under the chairmanship of Chief Secretary, Govt. of Odisha has granted in-principle approval to the State’s maiden private industrial park to be set up by M/s Gitanjali Gems Limited at Ramdaspur in Cuttack district. The total investment envisaged in this private industrial park spread over 100 acres is approximately INR 700 crore over the next seven years.
Gitanjali gems had proposed setting up a gems and jewellery processing unit during discussions with the State Delegation during Make in India week in Mumbai in February 2016. The company had submitted its application and the same had been approved by the State Single Window in May 2016. However, enthused by the facilitation extended by Government of Odisha and the ‘first of its kind’ policy of Private Industrial Estates being offered by the State under the Industrial Policy 2015, the company submitted a proposal for setting up a private industrial estate.
The park will provide added thrust to the export-oriented Gems & Jewellery Sector in Eastern India in general, and Odisha in particular. The project envisages employment generation for over 16,000 locals, the beneficiaries primarily being women. Gitanjali Gems Ltd. has proposed investing in sector-specific skill development initiatives to enhance employability.
MSME Department, Industries Department, Housing & Urban Development Department, Revenue & Disaster Management Department and Planning & Convergence Department along with IDCO participated in the meeting.
You might also like
New owners of Air India to get planes and $5 Billion of debt
Selling a majority stake in the loss-making, 85-year-old company isn’t going to be a cakewalk. At least one attempt almost two decades ago failed amid fierce political opposition. India is
As Char Dham Yatra Gains Momentum, Asego Reinforces Pilgrim Protection
With the Char Dham Yatra commencing this April and registrations surging into lakhs each season, risk preparedness becomes critical across the Himalayan corridor. High-altitude terrain, unpredictable weather, landslides, and crowd-related
Sabre to fuel China Eastern Airlines’ next generation Airline Operation Centre
“Sabre’s scalability, flexibility and superior automation and optimization capabilities best support our dynamic operation environment. Their cutting-edge technology will provide us with seamless, end-to-end integration capabilities, which are essential to
