Odisha likely to get its First Gems and Jewelry Park at Ramdaspur in Cuttack District

Bhubaneswar, November 3, 2016: Odisha state's maiden private industrial park is approved by the State level Committee (SLC) today and is headed by the Chief Secretary of Government of Odisha. The park will be set up at Ramdaspur in Cuttack district by the M/s Gitanjali Gems Limited and the approximate investment in the park is Rs. 700 crore.

The meeting was attended by the MSME Department, Industries Department, Housing & Urban Development Department, Revenue & Disaster Management Department and Planning & Convergence Department along with IDCO, mentioned PTI.

NewsGram brings to you latest new stories in India.

[bctt tweet="The Industrial Park project in Odisha will provide employment to nearly 16,000 locals, especially women. " username=""]

Gitanjali gems proposed setting up a gems and jewellery processing unit during the discussion with the State Delegation while the 'Make in India' week in February 2016. The company submitted the application and got approved by the State Single Window. Later, the company submitted a proposal seeking approval to establish a private industrial estate.

According to PTI, the park will be providing a great thrust to the Gems and Jewelry sector of the eastern India. The project will provide employment to nearly 16,000 locals, especially women. The employees will be hired in three different phases. The first phase will have 4000 employees. To enhance employability Gitanjali Gems Ltd. has proposed to invest in the development initiatives for the sector specific skills.

Go to NewsGram and check out news related to political current issues.

Further, the park will comprise of precious and semi-precious diamond cutting, jewellery manufacturing, manufacturing of lifestyle products, designing of gold, silver, diamond and platinum jewellery and polishing of jewellery.

The company is making efforts to bring together its promoters and associates to the park. These include companies like Sangini, Viola, Nirvana, Asmi, Valente, GILI, Kairana, Nakshatra, mentioned the Press Agency.

According to the official statement, "The initiative has been taken by the state for the upcoming 'Make in Odisha' Conclave." The park will require 100 acres of land and 300 MW power, the statement said. The committee suggested the company's advocate that if the company wants the final approval, it needs to submit the Detail Project Report (DPR) within six months.

Look for latest news from India in NewsGram.

The State government seemed quite enthused about the establishment of the park as the park would promote the great 'Filligree' tradition of the Cuttack district and also boost the industrial development of the state.

– Prepared by Diksha Arya of NewsGram. Twitter: @diksha_arya53