Jharkhand gets investment commitments of Rs 3 lakh crore

Jharkhand has received investment commitments of a whopping Rs 3 lakh crore during the two-day maiden global investment summit here, according to state Chief Minister Raghubar Das.
"We have signed more than 209 MoUs during Momentum Jharkhand Summit. These MoUs have been signed across the sectors...Total investment through these MoUs is to the tune of Rs 3.04 lakh crore, most of which will be realised on the ground by 2018," Das said today.
It is estimated to create 1.92 lakh direct employment opportunities and 2.70 lakh indirect employments, he said.
"I assure you that my government will start working from today itself towards the implementation of the MoUs that have been signed during this Summit during the stipulated time-frame," he said.

Adani Group led by Gautam Adani is examining possibility to invest Rs 50,000 crore in coal to polymer complex and exploring 5 locations for this, an official said, adding it is looking for coal linkage.
Some of the other large investment commitments include Rs 5,000 crore each from Aditya Birla Group and Vedanta Resources, while Jindal Steel and Power and Adani Group proposed investment of Rs 20,000 crore each.

The chief minister said that investments would help develop industries, create employment opportunities, boost construction of high quality, link remote villages by expansion of network.
Moreover, these would help build education, health and transport sectors, Das said.

"We have received several proposals in power and energy sectors; we are committed to reach out to illuminate each household through the effective implantation of these proposals," he said.
Appreciating the efforts of Jharkhand in terms of ease of doing business ranking, Commerce and Industry Minister Nirmala Sitharaman said the state has been able to improve its ranking in a very short period of time.
It shows the resolve of the state which has gathered momentum, she said, adding it has lots of potential for growth in identified sectors.
IT and Law Minister Ravi Shankar Prasad said it is heartening to note the kind of investment proposals Jharkhand has got in its maiden effort and it has long way to go.

He also promised all the required support in boosting investment in IT and IT-enabled sectors in the state.
The government of Jharkhand has also signed Memorandum of Understanding with Microsoft India to enhance citizen services with cloud and mobile technologies.
"Microsoft will work with the Government of Jharkhand to support the development of cloud and mobile-based solutions and support the use of machine learning and advanced visualisation to help solve challenges in the fields of agriculture and education," Umesh Prasad Sah, Director - IT, Department of IT and e-governance, said in a statement.