TIDBITS
Over a dozen projects signed at Jh investor meet may start shortly
By IndianMandarins- 25 Mar 2017
624
[caption id="attachment_24197" align="alignnone" width="300"] File Photo[/caption]
The Jharkhand government has already identified land to be allotted to various industries in cities like Jamshedpur, Dhanbad, Bokaro, and Ranchi, Industry Secretary Sunil Kumar Barnwal said.
Enthused by a successful Global Investor Summit last month, the state government is now following it up with a reach-out program and is expecting 10 projects to go on stream in the next 60 days. "We want 172 MoUs to translate into actual investment in a year and 10 projects should kick off in April and May. The pace of investment flow should pick up in the subsequent months," Barnwal told PTI.
Jharkhand received an investment commitment of Rs 3.10 lakh crore during the two-day maiden Global Investors Summit last month.
Post-Momentum Jharkhand Investors Summit, the Department of Industries started investors' facilitation meet to understand issues and provide help and support from state administration wherever possible, he said.
"The advantage of such meets with investors, who signed MoUs, is that they started work much more seriously in terms of financial closure, preparation of the DPR (detailed project report), application of allotment of land and seeking other permission and regulatory approvals," he said.
The state government has already identified land to be allotted to various industries in cities like Jamshedpur, Dhanbad, Bokaro and Ranchi, he said.
The state government has already held Investors' Facilitation Meet at Bengaluru, Chennai, Delhi, he said.
He also said that the government has already devised timeline by which different mining areas would be put up for auction that would further accelerate investment process.
During the next 12 months, he said, "we are targeting those MoUs which could get on the ground fast. So we have identified 172 investment agreements entailing investment flow of Rs 80,000 crore.
"But large investment proposals over Rs 50,000 crore which is contingent upon the availability of mines, huge land acquisition, forest clearance etc would take more than a year to go on stream."
Once all these proposals are realized on the ground, it has potential to create 1.92 lakh direct employment opportunities and 2.70 lakh indirect employments, he said.
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Over a dozen projects signed at Jh investor meet may start shortly
By IndianMandarins - 2017-03-25 11:18:27
[caption id="attachment_24197" align="alignnone" width="300"] File Photo[/caption]
The Jharkhand government has already identified land to be allotted to various industries in cities like Jamshedpur, Dhanbad, Bokaro, and Ranchi, Industry Secretary Sunil Kumar Barnwal said.
Enthused by a successful Global Investor Summit last month, the state government is now following it up with a reach-out program and is expecting 10 projects to go on stream in the next 60 days. "We want 172 MoUs to translate into actual investment in a year and 10 projects should kick off in April and May. The pace of investment flow should pick up in the subsequent months," Barnwal told PTI.
Jharkhand received an investment commitment of Rs 3.10 lakh crore during the two-day maiden Global Investors Summit last month.
Post-Momentum Jharkhand Investors Summit, the Department of Industries started investors' facilitation meet to understand issues and provide help and support from state administration wherever possible, he said.
"The advantage of such meets with investors, who signed MoUs, is that they started work much more seriously in terms of financial closure, preparation of the DPR (detailed project report), application of allotment of land and seeking other permission and regulatory approvals," he said.
The state government has already identified land to be allotted to various industries in cities like Jamshedpur, Dhanbad, Bokaro and Ranchi, he said.
The state government has already held Investors' Facilitation Meet at Bengaluru, Chennai, Delhi, he said.
He also said that the government has already devised timeline by which different mining areas would be put up for auction that would further accelerate investment process.
During the next 12 months, he said, "we are targeting those MoUs which could get on the ground fast. So we have identified 172 investment agreements entailing investment flow of Rs 80,000 crore.
"But large investment proposals over Rs 50,000 crore which is contingent upon the availability of mines, huge land acquisition, forest clearance etc would take more than a year to go on stream."
Once all these proposals are realized on the ground, it has potential to create 1.92 lakh direct employment opportunities and 2.70 lakh indirect employments, he said.
