Jharkhand attracts over Rs 3.1 lakh crore worth of investment

RANCHI: Jharkhand attracted over Rs 3.1 lakh crore worth of investment at the end of the state's maiden global investment summit, 'Momentum Jharkhand' on Friday.

A majority of these proposals, some 121 out of a total of 210, were in mines and geology sector, in step with the state's promise- it is home to 40% of India's total mineral reserves. While the mines sector topped the list by attracting some Rs 2.1 lakh crore worth of investments, it was followed by urban development & housing at Rs 38,320 crore and energy which saw proposals worth Rs 37,150 crore coming in, an official release said. This would help create 2.09 lakh direct employment and another 3.92 lakh indirect employment.

Chief minister Raghubar Das said: "During the two days of deliberations, 210 MoUs were signed worth Rs 310,277 crore. We believe Governments cannot run on slogans alone, but on proper norms. I assure investors that their investments will fructify within the given timelines. I have appointed specific bureaucrats and ministers to look into any problems entrepreneurs may face."

Although the Global Investors’ Summit ends today, but for my team of ministers a new chapter in development begins, Das said.

"I assure investors that whatever MoUs are signed, these will become operational," the CM told delegates at the valedictory session.

"In the next 2-3 years, Jharkhand will emerge as the growth engine of India," the CM added.

The proposals include one by the Adani Group to invest Rs 50,000 crore to produce urea, methane, power and substitute natural gas in Jharkhand.