The Indian state, Chhattisgarh plans to invest $37mn to set up a gems and jewellery park at its upcoming satellite city Naya Raipur, said state Industry Minister Rajesh Munat.
The park at Naya Raipur whose foundation stone was laid on Saturday will be India’s one of the major gems and jewellery parks.
The park will spread across 28.32 hectares of land and will house latest diamond cutting and polishing technologies. The park is likely to generate direct and indirect jobs for about 25,000 people. The project is expected to be ready by 2011 and will be maintained by Chattisgarh State Industrial Development Corporation.
Naya Raipur will replace Raipur as the state’s capital by 2011. The new city that will be sprawl across an area of about 20,000 acres will be equipped with state-of-the art physical, social and economic infrastructure.
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