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phAP Bureau.

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Bhubaneswar, 3rd Nov 2016: Odisha Government has accorded in principle approval for establishment of a Gems & Jewellery Industrial Park at Ramdaspur of Cuttack district. M/S Gitanjali Gems Ltd has offered itself to be an anchor investor for the project.

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The proposed components in the Park included precious & semi precious diamond cutting, diamond polishing, designing of gold, silver, platinum & diamond jewelleries, manufacturing of the jewelleries including fashion jewelry, life style products, retail centers and export houses.

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The project envisaged a total investment of Rs.685 cr in 3 phases out of which the 1st phase investment would  be around Rs.209 cr. The company proposed to bring in its associates and promoters like Asmi, Nakshatra, GILI, Sangini, Nirvana, Kairana, Valente, Viola to the park.

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Around 16000 employment would be created in 3 different phases out of which 4000 would be engaged in the first phase, according to an official release.

November 4, 2016 • No Comment