Das mulls investment board to expedite ₹3.04 lakh cr MoUs
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Das mulls investment board to expedite ₹3.04 lakh cr MoUs


ranchi Updated: Feb 22, 2017 16:59 IST
Sanjoy Dey
Sanjoy Dey
Hindustan Times, Ranchi
Chief Minister Raghubar Das presides over a review meeting with state officials at Project Building, Ranchi(HT Photo)

Enthused by the huge investment proposals made during Jharkhand’s first global investors’ summit (GIS), chief minister Raghubar Das on Tuesday announced a Jharkhand Investment Board (JIS)’ to convert the proposed projects into reality.

The government signed a total of 210 MoUs worth `3.04 lakh crore during GIS, with companies proposing major investments in sectors like mining, urban development, power, higher education and skill development. The investments are expected to generate at least six lakh jobs. The chief minister will be the chairman of the JIS, while chief secretary will hold the post of vice-chairman. Principal secretaries and secretaries of all departments will be members of the proposed board.

The board chairman will take stock of progress of the MoUs while the chief secretary will hold weekly review meeting for instant solution of the problems in way of implementation of the proposals, Das said.

“Of the 210 MoUs signed during the GIS, 172 of them will materialise within the year and we are committed to that,” Das said, while reviewing implementation progress of MoUs at the Project Building.

The department of industries, mines and geology cornered the highest projects with 121 proposals worth Rs 2.10 lakh crore during the GIS. 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.

Das said, a nodal officer would be appointed in every department for rapid disposal of MoUs and the proposals would surface through the single window system. “District industrial centre will also be set up in every district on line of single window system. An official of the industry department will be nodal officer of the Centre, which will work as coordinator between investors and departments concerned,” Das said. Das said India was emerging world’s fastest growing economy amid global slowdown. “Investors are looking at India. We will have to be proactive to attract major share of the investment to Jharkhand,” Das said, adding, domestic as well as foreign investors have reposed faith in Jharkhand during the GIS .

First Published: Feb 22, 2017 16:59 IST