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
Budget 2021: No end to official apathy towards the tourism industry
The industry is deeply disappointed with the Union Budget 2021-22 as it could not live up to their expectations. The Budget did not offer any immediate and direct support to
Scouting Luxe Lairs – Inside Coco Bodu Hithi, Maldives
Few places on earth blur the line between Earth and otherworldly like the Maldives does. And for Maldivophiles (yes, it’s a gargantuan pack, and growing!) looking to delve deeper into this compelling
V Resorts partners with Zoomcar
With an aim to bring great travel deals to its customers, V Resorts, the travel solutions and hospitality management company, has collaborated with shared mobility platform Zoomcar. As a part
