25,000 acres of land in East Singhbhum for investors: DC

Ahead of the Global Investors Summit (GIS) 'Momentum Jharkhand' commencing at Ranchi from February 16, mineral-rich East Singhbhum district has identified 25,000 acres of land for investors keen to invest in the district.
We have identified land for small industrial units, which would be made available for the investors keen to investment in the district on 30 years lease, East Singhbhum Deputy Commissioner Amit Kumar told a press conference.
Kumar said altogether 483 land chunks totalling 25,000 acres of land have been identified for the prospective investors taking part in the GlS and keen to invest in the district.
Claiming that East Singhbhum district was a conducive place for investment, the Deputy Commissioner said the district has plenty of potential for sectors such as agro processing, cold storage, cashew processing, bamboo processing and dairy firm.

As large number of ancillary units of Tata Motors are near Jamshedpur, he said adding that the administration wants to develop the area as Electronic and manufacturing hub of the state.
Tata Motors, which was currently using 57 per cent of ancillary produces manufactured here, has assured to enhance the figure to 70 per cent in future, he said.
East Singhbhum district has abundance of mining resources including precious gem like emerald, gold, copper, uranium, where the investors could make investment to harvest, Kumar said.
Kumar said a Mumbai-based Carnival Group has already proposed to set up two multiplexes - one in Ghatsila sub-division and another at Kadma in Jamshedpur.