Odisha nod to parks by JSL, Welspun, Gitanjali

The Odisha government has approved the establishment of three private industrial parks proposed by Jindal Stainless Ltd (JSL), Gitanjali Infratech Ltd and Welspun Ltd entailing an investment of ~1,640 crore.

The projects got the nod at a meeting chaired by state chief secretary A P Padhi. The parks are projected to generate employment opportunities for 7,900. JSL would set up a downstream stainless steel park at Kalinganagar in Jajpur. It would invest ~704 crore to develop the park that is expected to house 71 small and medium units in sectors like auto manufacturing, kitchenware, light engineering, pipes and tubes. As the anchor investor, JSL would attract small/medium-scale industries from the entire country as well as overseas to set up stainless steel manufacturing units in the hub. Land requirement for the park to be anchored by JSL is pegged at 300 acres.

Gitanjali Infratech has proposed to set up a gems, jewellery, lifestyle and luxury goods park at Ramdaspur near Cuttack, on 100 acres with an investment of ~636 crore. It will include the processing technologies for cutting and polishing diamonds, precious and semi-precious stones.