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Investors Summit concludes with an investment commitment of Rs 10,000 Cr in Jharkhand

20,000 direct and 1.5 lakh indirect employment, India’s largest floating solar power plant in Jharkhand: Soren

Ranchi, August 28:  In the quest to attract investments in the state and foster industrial development, Chief Minister Hemant Soren launched the new Jharkhand Industrial and Investment Promotion Policy (JIPP)2021,  on the last day of the two-day Investor’s Meet organized by the Department of Industries, Government of Jharkhand. 

The two-day Summit witnessed a commitment of nearly Rs 10,000 Crore investments in Jharkhand in the coming months, leading to around 20,000 direct and around 1.5 Lakh indirect employment.

During the launch of the Jharkhand Industrial and Investment Promotion Policy (JIPP)2021, Chief Minister said, “The state government wants to move forward with the cooperation of the investors. We are trying to leverage the infinite resources which the nature has gifted to Jharkhand and walk the path of development.”

Soren further said that, “Hitherto, our focus largely revolved around industries based on mines and minerals. They are undoubtedly immensely valuable and will continue to be the backbone but we are now also working in the field of tourism, education, renewable energy, food processing, auto mobile, pharma & textile. A major part of these industries has been untouched in Jharkhand.”

Talking about Renewable Energy Soren announced, “ I would like to inform you all that very soon we are coming up with a very big project. We are establishing India’s largest floating solar plant.  This will generate electricity on a very large scale. We are working on paving way for industries to come and establish their plants and generate employment in the state. Our effort is to take Jharkhand upwards in the category of leading states of India.”

“We have immense potential in the field of tourism. incentive provisions have been included for the Tourism industry under JIIPP 2021. We have unlimited opportunities in the field of education. Netarhat School, is a nursery for budding IAS & IPS of the country. Jharkhand is also doing well in the field of engineering and medicine. We are establishing Pharma parks where we will provide land to medical equipment manufacturers also. We are ready to promote educational and technical institutes” said Soren.

Jharkhand chief secretary Sukhdev Singh, said “Our human capital is very healthy and very law-abiding. You will never have to face labour unrest in Jharkhand. We have our very good law and order situation. You will never hear of any organized extortion gang. Even t Naxalism has shrunk to few remote pockets of Jharkhand and it is like to be eliminated from the geography of Jharkhand in a couple of months.”

 He expressed commitment of the Jharkhand Govt to implement the provisions of the policy in the paper and on the ground level and invited investors with an assurance that Jharkhand is their best bait.

Secretary industries, Pooja Singhal , gave details of the new policy as well as the landmark Adityapur Electronic Manufucturing Cluster, seeking to turn Jharkhand into a Electronics Manufucturing Hub . 

She also informed that all potential investors who would commit to engage 35% of their workforce from Scheduled Tribes / Scheduled Castes communities will be incentivised over and above the existing provisions of the new JIIPP 2021

Prospective investors put up their queries and suggestions in front of the chief minister which were answered by the chief minister, the chief secretary and  secretary Industries.

SAIL will invest Rs 4000 crore

Steel Authority of India (SAIL) will invest Rs 4000 crore in the state over 3 years for up-gradation of SAIL Gua Iron ore mines and setting up of pellet plant.

*Tata Steel will invest 3000 crores*

Tata Steel will invest Rs 3000 crore in coal and iron ore mines and steel production in Jharkhand in the next 3 years.

*Dalmia Cement (Bharat) Limited will invest 758 crores

 Dalmia Bharat Group will invest Rs 758 crore. The investment will be in PPP mode in a new cement unit (at Bokaro), a solar power plant and a solid waste management facility.

*Adhunik Power will invest Rs 1900 crore

Adhunik Power and Natural Resources will invest Rs 1900 crore in Jharkhand.

*Prem Rubber Works will invest Rs 50 crore

Prem Rubber Works will invest Rs 50 crore in leather park and footwear, which will provide employment to 1000 local people.

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