Jharkhand signs 8 investment pacts worth Rs 5,000 crore

Jharkhand Government said it has signed eight agreements with investment commitments of over Rs 5,000 crore in a range of sectors during a road show here and will now tap funding opportunities in the US.

"We have successfully concluded the state's domestic investment promotion drive in Mumbai and signed eight MoUs worth over Rs 5,000 crore in areas of textiles, healthcare, medical education, skills development and e-governance. The event was attended by over 350 investors," Chief Minister Raghubar Das said here.

Das would now visit the US to scout for investment opportunities in the world's largest economy.

Jharkhand is organising the Global Investors Summit 2017 on February 16-17 in Ranchi to promote the state as a favoured investment destination. It had held a road show here in connection with the summit.

During the event, the government also announced half a dozen new policies aimed at a strategic diversification of the mineral resource rich state.

These policies covered areas like information technology & IT-enabled services (IT/ITeS), Business Process Outsourcing (BPO), start-up (best start-up policy for ecosystem incentives among seven leading states), electronic systems design & manufacturing (ESDM), automobile and auto components and textiles & footwear.

Following the road show, the government held 33 government-to-business meetings in the city with global investors across sectors such as food processing, education, urban infrastructure, IT-ITeS, power, industrial automation, hospitality, pharmaceuticals, healthcare, gems and jewellery, tourism and solid waste management.

The American sojourn following the Mumbai road show comprises an intense five-day outreach and networking programme by a delegation led by Das.

The delegation would attend MINEXPO 2016 (exhibition on metals, minerals and energy) in Las Vegas, where the State has a dedicated pavilion.

Jharkhand has over 40 percent of India's mineral reserves. The State accounts for 27 percent of national coal reserves and 26 percent of its iron ore.