The State is expected to get industrial investment in the tunes of Rs 3,475 crore through the companies showing interest under the latest Government’s Momentum Jharkhand initiative. The industrial promotion would also create over 50,000 direct and indirect jobs in the State.
Momentum Jharkhand started in February this year saw its third ground breaking ceremony at Bokaro on Wednesday after first at Ranchi followed by Jamshedpur. Chief Minister Raghubar Das alongwith his Cabinet colleagues louis Marandi, Neera Yadav, Randheer Singh and top officials welcomed the investors.
“Numerous companies have shown their interest in making investments in the State during just 10 months of the inaugural Momentum Jharkhand happened in February 2017.
Three ground breaking ceremonies have taken place so far which has not only brought investment in Jharkhand but opened new employment opportunities. Our motive is that no one goes outside looking for jobs. That is why we are inviting investors in the field of food processing, medical, textile and several others,” said the CM in his address.
He stressed that wide possibilities are available in the field of medical tourism at Bokaro and called on investors to set up technical and medical colleges locally. “Jharkhand is the fastest growing economy after Gujarat with 8.6 per cent growth rate. We are strengthening it further through paving investment in industries. We understand the importance of big industries but equally important are medium, small and cottage industries for our economy. We have formed CM Entrepreneurship Board so that people are made skilled and self-reliant,” added the CM.
Das, on the occasion, said that the Government has set a target to provide jobs to 25,000 youths on the upcoming birth anniversary of Swami Vivekananda and another 50,000 by June-July next year with their skill enhancement and underlined the need of more investments to achieve the target.
As many as 210 MoUs were signed during the first Momentum Jharkhand summit and 95 companies since then have come on ground in some way or the other. At the ground breaking ceremony another 105 more companies participated on Wednesday at Bokaro which is expected to provide 17,742 direct and 50,000 indirect jobs to the locals.
Chief Secretary Rajbala Verma said that on the instructions coming from the Chief Minister land is being provided to the investors on concessional rates. “We have made provision of transferring the incentives meant for the investors directly to their bank accounts and doing every bit to encourage them with all kind of transparency,” she said.
Development Commissioner Amit Khare stressed that investing in the State is beneficial since the Government has single window system in place. Senior officials like Principal Secretary to the CM Sanjay Kumar, Secretaries KK Khandelwal, Sunil Kumar Barnwal and Industry Director K Ravi Kumar along with local administration were also present on the occasion.
CEO of Bokaro Steel BP Singh in his welcome address underlined the benefits of investing in Jharkhand citing example of the SAIl unit which is functional here for last six decades.
Among the invertors were BPCl, Bokaro Institute of Medical and Allied Sciences, Pratiksha Textile, ONGC, SMV Agro-products, Modelma Exports, Soni Auto and Allied Industry, Aakriti Apple Pvt limited, Mohan lTS India Pvt limited, Padmavati Devi Super specialty Hospital, Ramkrishna Forging Pvt limited and few others.