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June 18, 2014

Gem & Jewellery Park in Howrah generates huge interest among investors

Gem & Jewellery Park in Howrah generates huge interest among investors

The Gem & Jewellery Park coming up atAnkurhati, Howrah, has generated huge interest among investors. West Bengal IndustryMinister Dr Amit Mitra said that around 1.25 lakh square feet of the project,spread across 2.50 lakh square feet, has already been sold to 32 companies. Theproject is being spearheaded by the West Bengal Industrial DevelopmentCorporation.

“The government of Bengal has decided todevelop under the WBIDC a Gem & Jewellery Park at Ankurhati. This includestwo standard design factory buildings (G+5). Around 1.25 lakh sq ft has alreadybeen taken by 32 companies who paid in advance,” Dr. Mitra said

“This has been allotted through acompetitive transparent bidding. We have decided to build a second building of1.25 sq ft, which has already been committed. Approximately, it will be a Rs55-crore project,” he added.

Dr Mitra was speaking at the inaugurationof the West Bengal skill advisory committee of the Gem & Jewellery SkillCouncil of India (GJSCI). The committee aims to bring in a change in themanufacturing and upgradation of skill levels of artisans in Bengal through amulti-pronged approach.

The park at Ankurhati is likely to housethe Dakshagram Centre – a concept propagated by the GJSCI to ensure bestpractices through proper training of the artisans. Dr Mitra said his governmentwas ready to deal with the rise in cost that the project was expected to face. Thesize of the project may, therefore, hover at Rs 60-70 crore. The park willinclude a blend of domestic and export-oriented units.