News
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.
New Delhi, Thursday, 03 November,2016: 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.
-
News4 weeks ago
Phoenix Mills, B Safal launch Palladium
-
News4 weeks ago
House of Hiranandani’s plogging initiative
collects over 100 kg waste from Thane city -
News4 weeks ago
NoBroker expands its Series E round with Google joining other investors
-
News4 weeks ago
Reliance Industries into Commercial RE
-
project4 weeks ago
Migsun Gp to invest Rs 706 cr to develop high-street commercial project
-
News3 weeks ago
Samtel Avionics MD & CEO, Puneet Kaura takes over as the Chairman, CII Delhi State
-
News4 weeks ago
H&M opens at Vegas Mall, Delhi
-
News2 weeks ago
Office spaces demand move up in Faridabad