Chief Secretary calls for a better industrial environment in Jharkhand
THE JHARKHAND STORY NETWORK Ranchi, Feb 10: Chief Secretary Alka Tiwari has directed the Directorate of Industries to create a more…
THE JHARKHAND STORY NETWORK
Ranchi, Feb 10: Chief Secretary Alka Tiwari has directed the Directorate of Industries to create a more conducive environment for entrepreneurs looking to establish industries in Jharkhand. She stressed that improving the efficiency and transparency of the would help attract new investments while also strengthening existing industries.
Tiwari made these remarks during a High-Power Committee meeting with the Directorate of Industries on Monday. The meeting was held as a follow-up to investor proposals received at the Bengal Business Summit a few days ago.
Major Investment Proposals for Jharkhand
Following the investor meeting in Kolkata last week, where Chief Minister Hemant Soren engaged with industrialists, Jharkhand has received investment proposals worth ₹28,306 crore. Several investors have expressed interest in setting up production units across the state, and some proposals have already been approved. These investments are expected to generate 17,823 direct and indirect jobs in Jharkhand.
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Focus on Resource-Based Industries
To enhance industrial growth, the Chief Secretary emphasized the need to strengthen the Directorate of Industries by addressing its shortcomings. She urged officials to focus on resource-based industries, making better use of Jharkhand’s natural advantages.
Citing an example, she pointed out that Jharkhand produces 80% of India’s tasar silk, yet most of the cocoons are sold outside the state. By promoting value addition and local marketing of finished silk products, the state can significantly boost its economy. She stressed the need for a visionary approach in this sector.
Key Investors and Their Proposals
Several companies have put forward investment proposals in Jharkhand, covering industries such as steel, power, cement, and railway manufacturing.
- SM Steel and Power Limited: ₹8,485 crore for a steel and power plant in Nimdih, Seraikela.
- Voltox Rail Private Limited: ₹3,967.84 crore for manufacturing railway wheels and Vande Bharat coaches in Chakulia.
- Lakshmi Metallics Limited: ₹3,800 crore for a steel and power plant.
- Supreme Metals Export Private Limited: ₹2,976 crore for steel production.
- The Indian Steel and Wire Products Limited: ₹1,270 crore investment.
- Jai Suspension Limited: ₹250 crore investment.
- Ultratech Cement Limited: ₹500 crore investment.
- Gajanan Ferro Private Limited: ₹1,050 crore investment.
- Ramkrishna Forging Limited: ₹173.44 crore and ₹139.58 crore investment.
- SM Steel and Power Limited: ₹1,600 crore investment in Chatra and ₹2,800 crore in Hazaribagh.
- BMW Industries Limited: ₹1,070 crore investment.
- Skicorp Marketing Venture Private Limited: ₹225 crore investment in shoe-making fabric production.
With these investments, Jharkhand is poised for significant industrial expansion, provided the government ensures policy support, infrastructure development, and ease of doing business.
