The State level Committee under the chairmanship of chief secretary, government of Odisha has granted in-principle approval to the state’s first ever private industrial park to be set up by Gitanjali Gems Limited at Ramdaspur in Cuttack district. This development is in the backdrop of recently launched policy framework for private participation in industrial infrastructure development.
The total investment in this industrial park would be to the tune of Rs 700 crores and would be in phases over seven years. The park would be spread over 100 acres of land.
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, inspired 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.
Courtesy : Economic Times