Well, from a long time I was willing to write about my state jharkhand.So, here I am with my first blog about Jharkhand.I have started with Investment in major sectors and soom will write on different fields like Politics,Education,Tourism etc.....
Jharkhand has always been an investment hot spot. In fact, poor logistics has never discouraged mega investors and industrial houses from setting up shops here. States like Gujarat,Maharastra and Karnataka may have an edge over it right now,but Jharkhand has the potential of becoming one of the most sought after destinations and boasts of having 100 houses expressing interest to invest.
The state can emerge as India’s steel hub if its Rehabilitation and Resettlement policy,allotment of land and renewal of lease are in order,producing 64 milion tones of the central government’s target of 110 million tones by 2020.With total investment figures crossing Rs 6,40,000 crore-mostly in steel,power and cement sectors-Jharkhand has a growth potential that can rival any other state in the country.While the UPA-led Madhu Koda government has decided to identify firms that are unwilling to establish themselves in the state,there are several steel and power companies waiting to sign MoUs with the government.
Officials said over the next 10 years,private investors are expected to to pump in Rs. 14,00,000 crore into the steel sector in Jharkhand,enriching the state’s offers by around Rs. 10,000-15,000 crore annually by way of royalities,sales taxes and cess.The different steel,power and cement plants are also likely to generate employment to nearly 20 lakhs people,directly and indirectly.
The state can emerge as India’s steel hub if its Rehabilitation and Resettlement policy,allotment of land and renewal of lease are in order,producing 64 milion tones of the central government’s target of 110 million tones by 2020.With total investment figures crossing Rs 6,40,000 crore-mostly in steel,power and cement sectors-Jharkhand has a growth potential that can rival any other state in the country.While the UPA-led Madhu Koda government has decided to identify firms that are unwilling to establish themselves in the state,there are several steel and power companies waiting to sign MoUs with the government.
Officials said over the next 10 years,private investors are expected to to pump in Rs. 14,00,000 crore into the steel sector in Jharkhand,enriching the state’s offers by around Rs. 10,000-15,000 crore annually by way of royalities,sales taxes and cess.The different steel,power and cement plants are also likely to generate employment to nearly 20 lakhs people,directly and indirectly.
Chhotanagpur and santhal Parganas were deprived of large and small industries when they were part of Bihar,causing high- level unemployment.If all the proposed steel investments materialise,they would generate direct and indirect employment apart from triggering the setting up of ancillary industrial units and revival of ailing small-scale industries.
There are 11 companies waiting to sign MoUs with the Jharkhand government.Companies such as Gold Line industries,Brahmaputra Metal,Staco Power and Steel,Sino steel,Bhusan steel,Anil Industries,Hi-Tech Iron and Steel,Pawanjay Steel,Vini Iron and Vinayak Industries are waiting to sign MoUs while Ispat,Sarthak,Brahmi Impex,Ma Chandi Durga steel and Ranchi Ispat are awaiting renewal of their MoUs.Some companies such as Tata Steel,Jindal South West,Jindal Steel and Power,Adhunik,Abhijeet Infrastructure and SAIL have already begun their groundwork.
The industrial scenario in Jharkhand will take a new shape with the coming up of several modern townships,the plan of which have been taken up by the government. Setting up of new plants and capacity expansion by steel giants during the last two years has created a sense of economic security in Jharkhand.
There are 11 companies waiting to sign MoUs with the Jharkhand government.Companies such as Gold Line industries,Brahmaputra Metal,Staco Power and Steel,Sino steel,Bhusan steel,Anil Industries,Hi-Tech Iron and Steel,Pawanjay Steel,Vini Iron and Vinayak Industries are waiting to sign MoUs while Ispat,Sarthak,Brahmi Impex,Ma Chandi Durga steel and Ranchi Ispat are awaiting renewal of their MoUs.Some companies such as Tata Steel,Jindal South West,Jindal Steel and Power,Adhunik,Abhijeet Infrastructure and SAIL have already begun their groundwork.
The industrial scenario in Jharkhand will take a new shape with the coming up of several modern townships,the plan of which have been taken up by the government. Setting up of new plants and capacity expansion by steel giants during the last two years has created a sense of economic security in Jharkhand.
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