Jharkhand has attracted an investment of ₹62,000 crore in the week-long Make in India roadshow in Mumbai. The biggest investment in the State was committed by the Adani Group which will pump in ₹50,000 crore for power and fertiliser manufacturing plants.
The group signed a Memorandum of Understanding with the Jharkhand government for an investment of ₹15,000 crore in greenfield 1,600-MW thermal plant. The power will be supplied to the Bangladesh grid. The remaining ₹35,000 crore will be invested for setting up a unit that will produce coal-based methane fertiliser.
The State also secured an investment of ₹2,000 crore from Vedanta Group to set up a steel plant. Jharkhand Industries Department has also received 11 letters of intent from different companies committing a cumulative investment of ₹10,000 crore in chemical, IT, textile and construction sectors.
“Jharkhand is ideally located and has logistical advantages. It is also blessed with nearly 40 per cent of the country’s mineral resources,” said Ragubar Das, Chief Minister of Jharkhand.