Home » State News » Odisha government has scrapped the Rs 636-crore jewellery park which was to be set up by Gitanjali Infratech Ltd

Odisha government has scrapped the Rs 636-crore jewellery park which was to be set up by Gitanjali Infratech Ltd

Bhubaneswar:27/4/18: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official said today.

The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali Group, with whom the state government can interact, he said.

Diamond merchants Nirav Modi and his uncle Mehul Choksi have been accused of perpetrating the country’s biggest banking sector scam of around Rs 13,000 crore at Punjab National Bank.

The state government in November last year accorded final approval to the detailed project reports of Gitanjali Infratech Ltd for setting up the park at Ramdaspur in Cuttack district, he said.

A piece of land which had earlier been allotted to the Gitanjali Gems, for setting up a jewellery manufacturing unit also stands cancelled, he said.

“The company seems to be in trouble and there is no one with whom we can speak to. Under the circumstances, the project cannot take off. Therefore, the project is now shelved,” Principal Secretary (Industries), Sanjeev Chopra, said.

The gems, jewellery, lifestyle and luxury goods park had been proposed to be developed over 100 acres of land with an investment of Rs 636 crore.

Regarding land for the project, Chopra said Gitanjali group had earlier been allotted 30 acres of land at Ramdaspur near Cuttack for a manufacturing unit to be set up in the name of Gitanjali Gems.

Subsequently, the company applied for a private industrial park on an additional 70 acres land. However, land for the proposed private industrial park was yet to be allotted, he said.

When the private industrial park was accorded approval, the group proposed to set up the entire project in the name of Gitanjali Infratech Ltd. It sought change of the allotment of 30 acres of land in the name of Gitanjali Infratech, said an official.

After getting the application for transfer of the land in the name of Gitanjali Infratech, the Odisha Industrial Infrastructure Development Corporation (IDCO) had cancelled the allotment already made to Gitanjali Gems, he said.

However, the trouble (scam) surfaced before the land could be allotted to Gitanjali Infratech and as of now the land allotment stands cancelled, Chopra said.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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