Adani Group is planning to invest over ₹50,000 crore in Jharkhand.

As a part of the investment plan, the group wants to set up a 1,600-MW thermal power plant in Godda district of the State, said Chief Minister of Jharkhand Raghubar Das on Friday.

He was addressing the media after announcing the formation of the Jharkhand Investment Promotion Board (JIPB).

It consists of industry leaders, business executives, academicians and civil servants. The first meeting of the JIPB was held in the city.

Das said that 25 per cent of electricity from the power project in Godda would be provided to the State, rest of the power would be supplied to Bangladesh.

Chief Secretary of Jharkhand Government Rajbala Verma said that the State government already has entered into an MoU with Adani Group for the power plant.

The group was considering developing coal bed methane assets in the State, she said.

Verma said during the ‘Make in India’ week (February 2016) that the State government had received 27 investment proposals.

The investment proposals are from sectors such as agriculture, health and mines and business houses such as Aditya Birla, Essar and Tata have shown interest in investing in the State.

Das said that the Jharkhand Government is also in the process of forming a land bank for industrial use, where land belonging to four State government corporations would be pooled together.

For setting up an IT park, 200 acres and 400 acres for smart city has been earmarked, he said.

He informed that the State government was also keen to tap the tourism potential, and accordingly, taking steps to develop tourist circuits in the State.

The State also has a huge solar power potential and the Government is in the process of developing 1200 MW of solar power in the State.

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