Jharkhand CM launches industrial policy to boost industrial development

Talking to reporters on Friday, Soren said that the industrial policy was upgraded after they received suggestions from various quarters. He also said that the Jharkhand government is primarily working in reforming the system.

New Delhi:Jharkhand Chief Minister Hemant Soren on Friday launched the Jharkhand Industrial Policy and Investment Promotion Policy 2021 during the two-day Investors' Summit in Delhi. The policy paved the way for the investment of Rs 10,000 crore from investors.

Talking to reporters, Soren said that the industrial policy was upgraded after they received suggestions from various quarters. He also said that the Jharkhand government is primarily working in reforming the system.

He also said that the government is there to fulfil the dreams of the people who have believed in the industries in the state. We have immense potential in the tourism and education sector in Jharkhand, Soren added.

He also said that they are also working in the fields of automobile, food processing, pharma etc and they will soon come up with a big project in renewable energy.

The country's largest floating solar plant is going to be set up in our state, which will generate electricity on a large scale, he added. Many big companies will soon invest Rs 10,000 crore in Jharkhand. With this, 20,000 youth will get direct employment while 1.5 lakh will get indirect employment.

Dalmia Bharat Company on Friday signed an MoU with the Jharkhand government for setting up a new cement grinding unit in Bokaro, besides investing about Rs 758 crore in solar power plant and solid waste management unit.

READ:Jharkhand CM Hemant Soren holds talks with industrialists in New Delhi

Tatal Steel also showed interest in investing along with Jharkhand government and likely investment could be Rs 3,000 crore.

Modern Power Limited, established in Jharkhand, which produces 540 MW of electricity, has also signed an MoU to invest Rs 1,900 crore in a modern industrial park on 300 acres near its plant.

The Steel Authority of India, along with the Jharkhand government, has handed over an intent to invest Rs 4,000 crore in the pellet plant.

Prem Rubber Work will also invest Rs 50 crores in Dhanbad's Nirsa Leather Park in Jharkhand.

Jharkhand's Industries Secretary Pooja Singhal said that the Jharkhand government has prepared a single-window clearance policy in various sectors to invite investors. The government has a land bank of 1,000 acres for setting up industries.

Pooja Singhal told the investors about ethanol policy, road connectivity, electrical vehicle policy, Adityapur cluster, JIIP through a presentation. He said that the government is inviting all the investors to make Jharkhand their favoured investment destination.