From correspondents in Chhattisgarh, India, 03:00 PM IST
Chhattisgarh will invest Rs.1.7 billion ($37 million) to set up a gems and jewellery park at its upcoming satellite city Naya Raipur, state Industry Minister Rajesh Munat said here Sunday.
'We have decided to set up one of India's major gems and jewellery parks at Naya Raipur. A formal foundation stone was laid Saturday,' Munat told IANS.
'The park, which will have all latest diamond cutting and polishing technologies, will be set up on 28.32 hectares at an investment of Rs.170 crore (Rs.1.7 billion),' he added.
The park, which is likely to be ready in two years, will generate direct jobs for around 5,000 people and indirect employment for about 20,000 people. The park will be maintained by Chhattisgarh State Industrial Development Corp.
Naya Raipur, located on the Mumbai-Kolkata national highway six, 20 km from here, will replace Raipur as the state's capital by 2011. The new city that will cover an area of about 8,000 hectares will be equipped with state-of-the art physical, social and economic infrastructure.
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The planned jewellery park will be eminently suitable for Chhattisgarh, IF disciplined labour without unionization or external political tinkering is taken as the watchword. Traditional labour can be preferred.Modern equpt.wherever necessary shd.be used.Also, socalled MBAs. bossing around without any grasp of the finer details and labour psychology and wanting high pays without commensurate value contributionstification should be kept out of job in the park, to keep costs sensible.
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