STATES

Jharkhand’s new industrial policy out, State gets Rs 10,000-cr investment commitments

Jharkhand Chief Minister Hemant Soren unveiled the Jharkhand Industrial and Investment Promotion Policy, 2021 at the two-day Investors’ Meet organised in New Delhi on Saturday. Speaking on the occasion, the chief minister invited investors and asked them to take advantage of major changes unfolding in the State. 


“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,” Mr Soren said. 


He further added that the new industrial policy had turned its attention to many new sectors and industries apart from focusing on the State’s traditional mine and mineral industries. “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 fields of tourism, education, renewable energy, food processing, automobile, pharmaceutical and textile,” Mr Soren said.


The Jharkhand government has taken a number of initiatives to diversify its industrial landscape. The State will soon be housing India's largest floating solar plant. Besides, the Adityapur Electronic Manufucturing Cluster is seeking to transform Jharkhand into an electronics manufacturing hub.   


The two-day summit witnessed an investment commitment of nearly Rs 10,000 crore investments in Jharkhand in coming months, leading to around 20,000 direct and about 1.5 lakh indirect employment, according to a media release of the State government.


Tata Steel would be investing Rs 3,000 crore over the next three years. The Dalmia Group signed an MoU with the State government to expand its cement plant, establish solar power plant and solid waste management plant. SAIL too committed to an investment of Rs 4,000 crore. Adhunik Power and Prem Rubber Works signed MoUs to invest Rs 1,900 crore and Rs 50 crore respectively, the media release added. 


Jharkhand Chief Secretary Sukhdev Singh and Industries Secretary Pooja Singhal also spoke on the occasion and highlighted the major features and incentives of the new industrial policy. Rajmahal MP Vijay Hansda and other top officials of the State government were also present at the Investors’ Meet.

Report By