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
flydubai’s network matures with increased passenger growth and flight frequency
Total revenue increased 5.4% for the six-month period Reports an increase in passenger numbers to 4.9 million; an increase of 16.5% compared to the same period in 2015 Operated 5,577
Five OPO Hotels Near Airports and Metro Stations Ideal for Early Morning Flights and Smooth Layovers
Early flights and short layovers bring one common need i.e., Certainty. You want to reach on time. You want to rest without noise. You want locations which work with your
Vistara App offers – get 5kg additional baggage, free cancellation and more
Vistara today rolled out a slew of offers, including 5 kg additional check-in baggage, complimentary tickets, free cancellation, among others, to the customers and loyalty club members booking directly through
