Tuesday, October 4, 2022
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Jharkhand bags investments worth Rs 3.6 lakh crore, inks 210 MoUs

Ranchi: Jharkhand secured investment commitments to the tune of over Rs 3.6 lakh crore with the signing of 210 MoUs with different industries in the presence of the powers-that-be of Union Ministry and the corporate world during the two-day Momentum Jharkhand Global Investors’ Summit held at Khelgaon in Ranchi.

Inaugurated by Union Finance Minister Arun Jaitley on Thursday, the Summit sealed investments worth Rs 3,10,277 lakh crore on the concluding day of the mega event today.

Lauding the overwhelming response given to the state’s maiden Investors’ Summit, that witnessed the registration of an unprecedented 11000 plus Indian and foreign delegates, Chief Minister Raghubar Das iterated his commitment to make sure that all the MoUs are implemented following a definite timeline. He said the state’s progress through the implementation of these MoUs would also be accompanied by a boom in employment opportunities.

Not contrary to the expectations of the state authorities, the state which is home to 40 per cent mineral reserves of the country has attracted majority of its investment in the mines and geology sector during the ongoing Momentum Jharkhand Global Investors Summit 2017.

An official release issued here said that Mines and Geology has recorded 121 MoUs involving investment proposals worth Rs 2,10,505 crore. The sector has potential to create direct employment for 67,519 people and indirect employment to 1,37,064 people.

The IT sector stood at number two position with 30 MoUs attracting investment worth Rs 8499 crore and having direct employment for 21057 people and indirect employment to 35797 people. At the third position was Urban Development and Housing which saw 17 MoUs attracting investment worth Rs 38,320 crore and creating employment opportunity for 51,300 people directly and 96,444 people in-directly.

Department of Higher and Technical Education was at the fourth position having bagged 16 MoUs having investment worth Rs 3231 crore and would create employment opportunity for 50820 people directly and 96050 people indirectly.

Department of Energy saw nine proposals, Tourism 8, Health and Family Welfare six while the Transport and Agriculture sector saw one MoUs each. A total of 209 MoUs were inked having investment worth Rs 303987 crore. They would create 209176 direct employment and 392150 indirect employment.

Around Rs 1 lakh crore of investment commitments including Rs 50,000 crore from Nitin Gadkari’s highway department had been secured on the first day itself. “Around 2,09,000 direct employment will be generated; while indirect employment generation will be 3,92,000,” a senior government official said.

The department of urban development and housing has secured investment commitments worth of Rs 38,320 crore through 17 proposals and the energy and power department received Rs 37,150 crore worth of proposals.

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