Odisha’s maiden Private Industrial Park receives nod

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.

About ‘Make In Odisha’ Conclave 2016:

The Government of Odisha in collaboration with Department of Industrial Policy & Promotion (DIPP), Government of India is organizing the Make in Odisha Conclave at Bhubaneswar during November 30 and December 02, 2016. The Conclave will showcase the policy & regulatory environment, investment opportunities across focus sectors and the manufacturing prowess of the State


Added on November 3, 2016 Comment

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