The State Government has accorded approval for establishment of a Gems and Jewellery Industrial Park at Ramdaspur of Cuttack district.
The offer submitted by the Gitanjali Gems limited as anchor investor came up from the initiatives taken by the Government for the upcoming Make in Odisha Conclave.
The provisional approval for establishment of the park was given at a State-level committee meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi on Wednesday at the State Secretariat.
The Chief Secretary advised to establish such types of industries in the park which would create more employment opportunities for women and differently-abled persons.
The proposed components in the park include precious and semiprecious diamond cutting, diamond polishing, designing of gold, silver, platinum and diamond jewelleries, manufacturing of the jewelleries, manufacturing of fashion jewellery, manufacturing of life style products, retail centers and export houses.
The project envisages a total investment of Rs 685 crore in three phases out of which the first phase investment would be around Rs 209 crore. The company proposed to bring in its associates and promoters like Asmi, Nakshatra, GIlI, Sangini, Nirvana, Kairana, Valente and Viola to the park.
The project envisages the employment potential of creating jobs for around 16,000 people in three different phases out of which 4,000 would be engaged in the first phase. The expenditure for development of infrastructure was estimated at Rs.129.5 crore in the three phases including common facility centres. The park would need 100 acre of land and 300 MW of power. The water requirement would be around 300 cum per day.
The committee decided to advise the project proponent to submit a detail project report (DPR) within six months for consideration of final approval.
It is expected that establishment of the park would be a great boost for development and propagation of the great filigree tradition of Cuttack district.