Home ECONOMY Odisha government approves three projects of Rs 1,640 cr

Odisha government approves three projects of Rs 1,640 cr

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Bhubaneswar: The Odisha government on Friday approved three projects envisaging investment of Rs 1,640 crore with an employment potential of around 7,900 jobs.

The proposals of Gitanjali Infratech Ltd, Jindal Stainless Steel Ltd and Welspun Odisha Steel Pvt Ltd for setting up industrial parks were approved in a meeting chaired by Chief Secretary A.P. Padhi.

The Detailed Project Report (DPR) of Gitanjali Infratech for setting up a 100-acre gems, jewellery, lifestyle and luxury goods park in Ramdaspur of Baranga tahsil in Cuttack district, at an investment of Rs 636 crore, was accorded final approval.

The project, which envisages to create employment opportunity for around 1,600 persons, will include processing technologies for cutting and polishing of diamonds, precious and semi-precious stones, manufacturing of gold, silver, platinum and imitation jewellery, said a release.

It will also have common facility centres like a testing lab, research and development centre, exhibition hall, skill development centre, certification and hallmarking centre. The entire park will be developed in three phases.

Jindal Stainless Steel’s proposal for a downstream stainless steel park in Kalinganagar of Jajpur district at an investment of Rs 704 crore has been given in-principle approval

The park, with an employment potential of 4800, will have around 70 small and medium units in the sectors like auto manufacturing, kitchenware and lifestyle, light engineering, white goods, precision cold rolling, pipes and tubes and service centre, said the release.

Similarly, the proposal of Welspun Odisha Steel for setting up a food processing, warehousing and electrical equipment park in Dosinga and Chainipahi villages of Bhadrak district near Dhamara port has also been extended in-principle approval.

The park, proposed to be developed over 175 acres with an investment of Rs 300 crore, will create employment opportunities for 1500 persons. The anchor investor has been asked to complete the first phase of the project within two years.

Industrial units in sectors like edible oil, deep freezing, food storage, seafood processing, export-oriented apparel and multimodal logistic parks are likely to come up during this phase.

While giving accord to the projects, the Chief Secretary asked the Industrial Infrastructure Development Corporation (Idco) to do a realistic assessment of the land requirement and fix milestones of the progress along with the timeline. (IANS)

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