Bhubaneswar: The state government Friday approved three investment proposals worth Rs 1640 crore that will create employment for 7,900 persons.
The state level panel headed by Chief Secretary Aditya Prasad Padhi has approved the projects here.
Padhi has asked Orissa Industrial Infrastructure Development Corporation (IDCO) to do a realistic assessment of the land requirement and fix milestones of the progress along with the timelines.
The government approved the Detailed Project Report (DPR) of Gitanjali Infratech Limited for setting up gems, jewellery, life style and luxury goods park in Ramdaspur of Baranga tehsil under Cuttack district, official sources said.
The project is proposed to be developed over 100 acres with an investment of `636 crore that would create employment opportunities for around 16,000 people.
The park will include processing technologies for cutting and polishing of diamonds, precious and semi-precious stones, manufacturing of gold, silver, platinum and imitation jewellery.
Besides, it will also have common facility centres like testing laboratory, research and development centre, exhibition hall, skill development centre, certification and hall marking centre, the sources added.
The proposal of Jindal Stainless Steel Limited for setting up downstream stainless steel park at Kalinganagar of Jajpur district has also been approved at the meeting.
The proposal of Jindal envisages investment of `704 crore with employment potential of 4,800. The park will have around 71 small and medium units in sectors like auto manufacturing, kitchenware and life style, light engineering, precision cold rolling, pipes and tubes and service centres.
Similarly, the proposal of Welspon Odisha Steel Pvt Ltd for setting up a food processing, warehousing and electrical equipment park in Dosinga and Chainipahi villages of Bhadrak district has also got the nod, an official said.
This park is proposed to be developed over 175 acres with investment of `300 crore and will create employment opportunities for 1,500 persons.
The anchor investor has been asked to complete the first phase of the project within two years. The industrial units in sectors like edible oil, deep freezing, food storage, sea food processing, export oriented apparel and multimodal logistic parks are likely to come up during this phase.
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