Economy

Jharkhand secures Rs 3 lakh cr investments

Abhishek Law Ranchi | Updated on January 13, 2018 Published on February 17, 2017

Union Finance Minister, Arun Jaitley Jharkhand Chief Minister, Raghubar Das, Union Minister for Urban Development,Venkaiah Naidu, Union Textile's Minister Smriti Irani and Tata Group patriarch Ratan Tata during Global Investor Summit in Ranchi.   -  PTI

Over 210 MoUs being signed across the two day Momentum Jharkhand Global Investors Summit.

Jharkhand has secured investment commitments to the tune of over Rs 3 lakh crore with 210 MoUs being signed across the two day Momentum Jharkhand Global Investors Summit.

This is the first time that the State has held an investor summit.

Around ₹ 1 lakh cr of investment commitments including ₹ 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.

Interestingly, 121 proposals (investment commitments of ₹ 2,10,505 crore) were received by the industry, mines and geology departments.

Most of the proposals were in the mining sector. This was followed by the IT and e-gov department with 30 proposals and an investment commitment of ₹ 8,500 cr.

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

Published on February 17, 2017
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