New era of industrialisation
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New era of industrialisation begins in Jharkhand: CM

Chief minister Raghubar Das lays foundation of 21 projects worth Rs 700 crore, inaugurates three. The projects to create 21,000 jobs. He says foundation of 30-35 more projects would be laid by July this year

ranchi Updated: May 19, 2017 09:19 IST
Sanjoy Dey
Sanjoy Dey
Hindustan Times, Ranchi
Jharkhand,Raghubar Das,Industrialisation
Chief Minister Raghubar Das addressing the Ground Breaking function at Khel Gaon (Parwaz Khan/ HT Photo)

A new era of industrialisation has begun in Jharkhand, chief minister Raghubar Das said on Thursday while laying foundation of 21 ventures and inaugurating three projects here at Hotwar.

Nineteen companies are setting up 21 projects that include textile, food and feed processing, pharmaceuticals, waste management, health, footwear, warehouse and logistics at an estimated cost of Rs 710 crore. This would generate over 21,000 direct employment.

“The projects are taking ground 90 days after signing memorandum of understanding (MoU) at the state’s maiden Global Investors’ Submit (GIS) held from February 16-17 this year,” Das said, adding, “30-35 more projects will come up by July this year.”

The state government had signed 210 MoUs worth Rs 3.10 lakh crore during the GIS, which was participated by 11,000 Indian and 600 foreign delegates. Government officials claimed the MoUs were divided into two categories—short term and long term. Over 100 short term MoUs would be implemented within a year, officials claimed.

Earlier, Jharkhand was criticised for signing MoUs only but not making them operational.

“We had signed MoUs with the companies for not making headlines but to end poverty, unemployment and check migration from the state,” Das said, adding, the state is ready to achieve Prime Minister Narendra Modi’s ‘Make in India’ dream through ‘Make in Jharkhand’.

He said hundreds of Jharkhand youths migrate to other states for employment and they faced social and economic exploitation.

“The scenario is changing. Now, they will get job in their home state. We will soon bring back 600 youths, who had migrated to Gurugram for jobs, and they will be employed here,” he said.

Jharkhand’s image has improved over the two and half years and it has become more conducive for industrialisation. “We worked on 18 different policies and made them industry friendly. Chief minister and bureaucrats are also available 24x7 to listen and help the companies interested to invest in Jharkhand,” Das said, adding, there is no land crisis in the state and companies would be provided within a month of their requisition.

The state has also given much focus on skill development and provisioned Rs 700 crore in the budget for current fiscal. The investors would not face skilled manpower crisis, Das said. He added around 1,000-1,500 jobs would be created under Start Up India initiative in a couple of weeks.

Some of the leading companies who are setting up the projects in the state, are Orient Craft, Shahi Exports, Kaveri Agri Warehousing, Dev Aahar Food Industries, Shaw Pharma, Matrix Clothing, Pragati Beverages and Thriveni Apparels.

Orient Craft Limited (OCL) would set up a textile park on 25 acres of land at Hotwar at an investment of Rs 200 crore, which would create 15,000 direct jobs. OCL chairman-cum-managing director Sudhir Dhingra said, “I had met Jharkhand chief minister in July last year. He had said the migration rate of youth in Jharhand is high and he wanted their ‘ghar wapsi’ and job creation for them. This impressed me and prompted me to start textile unit in the state.”

Dhingra said garment industry is a job intensive sector, which creates 50 times more jobs than the other general industry. “Work on the textile park will begin in two weeks and the world class plant will be operational in six to seven months,” he said.

Amit Oils Private Limited’s, managing director, CP Agarwal, said they would set up units of rice bran oil with 300 tonne per day capacity, edible oil refinery with 100 tonne per day and cattle feed with 200 tonne per day capacity. The project would create 1,000 direct jobs and 1,000 indirect jobs.

First Published: May 19, 2017 09:19 IST