Chief Minister Hemant Soren's efforts regarding investment in the state have started to bear fruit. After the meeting with the Chief Minister and industrialists in the investor meet held in Kolkata last week, Jharkhand has received investment proposals worth more than Rs 28 thousand 306 crores. Investors are interested in setting up their production units in various areas of Jharkhand. Proposals of some of these have also been approved. These proposals will directly and indirectly provide employment to 17 thousand 823 people in the state.
Chief Secretary Alka Tiwari has directed the Directorate of Industries to provide a better environment to entrepreneurs to set up industries in the state. She has said that by making the single window system more effective and transparent, we can attract new industries in Jharkhand, as well as give new energy to the already running industries. Emphasizing on the Directorate of Industries to increase its capacity and remove shortcomings, she directed it to focus on the resource-based industries of the state.
Giving an example, she said that Jharkhand, which produces 80 per cent of the country's tassar, is still selling most of the cocoons, whereas the distribution and marketing of finished goods can be done by adding value to the cocoons in the state itself. She emphasized on moving forward in this field with a vision. She was holding a meeting of the High Power Committee with the Directorate of Industries on Monday.
The highest proposal in Jharkhand to set up a steel and power plant worth Rs 8485 crore in Nimdih, Saraikela has been received from SM Steel and Power Limited. Voltox Rail Private Limited has submitted an investment proposal of Rs 3967.84 crore to the Jharkhand government for making wheels of railways and coaches of Vande Bharat in Chakulia.
Similarly, Lakshmi Metallics Limited has proposed an investment of Rs 3800 crore for steel and power plant, Supreme Metals Export Private Limited has proposed an investment of Rs 2976 crore for steel production, The Indian Steel and Wire Products Limited has proposed an investment of Rs 1270 crore, Jai Suspension Limited has proposed an investment of Rs 250 crore, Ultratech Cement Limited has proposed an investment of Rs 500 crore, Gajanan Ferro Private Limited has proposed an investment of Rs 1050 crore, Ramakrishna Forging Limited has proposed an investment of Rs 173.44 and Rs 139.58 crore, SM Steel and Power Limited has proposed an investment of Rs 1600 crore in Chatra and Rs 2800 crore in Hazaribagh, BMW Industries Limited has proposed an investment of Rs 1070 crore and Skicorp Marketing Venture Private Limited has proposed an investment of Rs 225 crore for the production of shoe making fabric to the state government.