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April 25, 2018

Odisha Government approved 1,640 crore for 3 job-oriented industrial parks


Bhubaneswar : In order to attract employment-intensive investments to the State, a meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi at the Secretariat on Friday approved three such projects envisaging a total investment of Rs 1,640 crore with job potential of around 7,900.

While giving in-principle approval to the projects, Padhi asked the IDCo to do a realistic assessment of the land requirement and fix milestones of the progress along with the timeline.

The Detail Project Report (DPR) of Gitanjali Infratech Limited for setting up a gems and jewellery, lifestyle and luxury goods park at Ramdaspur of Baranga tehsil in Cuttack district was accorded final approval at the meeting. The park would include processing technologies for cutting and polishing of diamonds, precious and semi-precious stones, manufacturing of gold, silver, platinum and imitation jewellery.

It would also have common facility centres like a testing lab, a research and development centre, an exhibition hall, a skill development centre, a certification and hall marking centre, etc. The entire park will be developed in three phases over 100 acres of land with investment of Rs 636 crore. The project envisages employment opportunity to around 1,600 persons.

The proposal of Jindal Stainless Steel Limited for setting up a downstream stainless steel park at Kalinganagar of Jajpur district was also given in-principle approval. The proposal envisages investment of Rs 704 crore with employment potential of 4,800. The park will have round 71 small and medium units in the sectors like auto manufacturing, kitchenware and lifestyle, light engineering, precision cold rolling, pipes and tubes and a service centre.

Besides, the proposal of Welspon Odisha Steel Private Ltd for setting up a food processing, warehousing and electrical equipment park at Dosinga and Chainipahi villages of Bhadrak district near the Dhamra Port was also extended in-principle approval. The park is proposed to be developed over 175 acres of land with investment of Rs 300 crore. It would create employment opportunities for 1,500 persons. The anchor investor was asked to complete the first phase of the project within two years.

Note: News shared for public awareness with reference from the information provided at online news portals.

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