‘Investments expected to generate at least 6 lakh jobs in various sectors’ | ranchi | Hindustan Times
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‘Investments expected to generate at least 6 lakh jobs in various sectors’

Jharkhand government signed 210 MoUs worth `3.04 lakh crore, with companies proposing major investments in mining, urban development, power, higher education and skill development

ranchi Updated: Feb 18, 2017 15:09 IST
Saurav Roy
Momentum Jharkhand

Chief Minister Raghubar Das meets investors who signed MOUs with state during the valedictory session of the global investors’ summit at Mega sports complex in Ranchi(Diwakar Prasad/ HT Photo )

The Jharkhand government on Friday signed a total of 210 MoUs worth `3.04 lakh crore, with companies proposing major investments in mining, urban development, power, higher education and skill development.

The investments are expected to generate at least 6 lakh jobs in various sectors here, MoS civil aviation Jayant Sinha said while addressing the media on the concluding day of Jharkhand’s maiden Global Investors’ Summit (GIS) at Ranchi’s Khelgaon.

The employment opportunities would include around 2 lakh direct employment and nearly 4 lakh indirect employments.

Two-thirds of the total investment proposals were made for industry and mining departments. Urban development and housing received the second highest amount of investment proposals, while the energy department stood third in terms of money promised to be invested. The department of industries, mines and geology got a total of 121 proposals worth Rs 2.10 lakh crore. The department of urban development and housing signed 17 MoUs worth Rs 38,320 crore, while the department of energy signed nine MoUs worth Rs 37,150 crore.

The state expects potential direct employment of 2,09,176 and potential indirect employment of 3,92,150 after the investments are made.

The MoUs were signed in presence of chief minister Raghubar Das, state urban development minister C P Singh, agriculture minister Randhir Singh and health minister Chandraprakash Chaudhary.

In a bid to ensure hassle free land allotments to the investors, the Jharkhand government also handed over land allotment letters to all the companies that proposed investments in the state during the summit.

Jharkhand has had a history of problems related to land acquisition, which became a major hurdle in the state’s ambitions of bringing in development through industrialisation.

However, the land allotment letters handed over to investors on Friday indicated that the state has managed to combat land crisis and create land banks for interested investors, said state industry secretary Sunil Kumar Barnwal. “Land will be allotted to the investors within 21 days. The land allotment process has also been made online for convenience of the investors,” said Barnwal.

The two-day event witnessed presence of at least 10 Union ministers, several top industrialists and delegates from over 15 countries.

“It is the right time to invest in Jharkhand. We, as a team, promise all possible support to the investors,” said chief minister Raghubar Das.