Jharkhand Chief Minister presents the State Industrial Policy 2021

Jharkhand Chief Minister presents the State Industrial Policy 2021

Companies that already operate in the state such as Tata Steel, Dalmia Group, Steel Authority of India Limited, Prem Rubber Works, Adhunik Group, among others, have shared their investment plans in the state for the next three or four years, in writing.










The Government of Jharkhand recently hosted a two-day Investor Summit in New Delhi on August 27, 2021. The Investor Summit saw a proposed investment of more than Rs 9 billion in the state, with the launch of the Policy Jharkhand Investment and Industrial Promotion Board (JIIPP) 2021 .JIPP promises investors 100 percent SGST relief for 9 years and 75 percent relief to large-scale industries for 12 years.

Companies that already operate in the state such as Tata Steel, Dalmia Group, Steel Authority of India Limited, Prem Rubber Works, Adhunik Group, among others, have shared their investment plans in the state for the next three or four years, in writing. According to Documents from the Chief Minister’s Office, Dalmia Group agreed together with the state government for an amount of MdE of Rs 500 million in an attempt to expand its cement plant, where production will start from March 2023.

The documents further stated that Tata Steel has “expressed its intention” to invest Rs 3 billion over the next three years with the “expansion of capacities” of the coal and iron ore mines and the value-added steel portfolio “waters. down”.

SAIL has also expressed its intention to invest Rs 4 billion in Gua Mines in the West Singhbhum district over a three-year period, according to the document. TI will upgrade the Gua mines from 4 MT capacity to 10 MT and install a pellet

Chief Minister Hemant Soren commented at the JIPP launch: “The state government wants to move forward with the cooperation of investors. We are trying to harness the infinite resources that nature has gifted to Jharkhand and walk the path of development. The government has stepped forward and we will not stop here. From the beginning, the state government has been deliberating on how to create employment in Jharkhand. Our focus mainly revolved around mining and mineral-based industries, but at the same time we worked in the fields of tourism, education, renewable energy, food processing, automotive, pharmaceutical and textile industries ”.

He also added that the state will soon introduce a “big project” in the renewable energy sector and is planning to launch the “largest floating solar plant in the country” in the coming days. In addition, he stressed that Jharkhand also has potential in tourism, pharmacy, educational institutes, among others, which his government is exploring further.





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