The Jharkhand government on Friday signed memorandums of understanding (MoUs) worth Rs three lakh crore across nine sectors on the second and final day of the Global Investment Summit. These agreements, signed with about 200 companies, would create three lakh new jobs, according to the state government
Jharkhand hosted its two-day first-ever investor's summit, Momentum Jharkhand, on Thursday and Friday and has shown the intent to move away from its traditional industrial base focused mainly on the mining sector.
The state government plans to invite companies engaged in other sectors, and shed an image restricted only to mining, Chief Minister Raghubar Das told Indianmanadarins. Hundreds of delegates including leading industrialists and cabinet ministers were present at the event.
Jharkhand has predominantly been a mining state when it comes to industries, with textiles taking another key spot. Das spoke about the government's Make in India plan and said he felt promoting micro, small, and medium businesses was a way to achieve that goal.
RS Sharma, chairman, Telecom Regulatory Authority of India (TRAI), attended the Summit and spoke about the importance of Digital India. He said Jharkhand is moving ahead in the field of technology but the lack of digital infrastructure is an issue in data connectivity. He went on to say that the state government has put forth four information technology and information-technology-enabled services (IT and ITES) projects.