Momentum Jharkhand Global Investors’ Summit 2017 concluded

Feb 20, 2017 17:43 IST

momentum jharkhand investment summit 2017The Momentum Jharkand Global Investors’ Summit 2017 was held for two days at Khelgaon, Ranchi. The summit was inaugurated by the Union Finance Minister Arun Jaitley on 16 February 2017.

The objective of the summit was to establish Jharkhand as a premier investment destination for foreign and domestic investors in India.

Besides those from India, more than 9,000 delegates attended the summit from four partner countries ( Japan, Czech Republic, Tunisia and Mongolia) as well as from 28 other nations such as Australia, the US, the UK, Ukraine, Russia, China, Canada, Nepal, Nigeria, Singapore, Saudi Arabia, Sweden, Sudan, Korea, UAE, Italy, Oman, Venezuela and Pakistan among others.

Highlights of Momentum Jharkhand Global Investors’ Summit 2017

• It was a first of its kind initiative of the State government to showcase Jharkhand as an investment destination.

Top 300 CA eBook

• During the summit, Jharkhand Chief Minister Raghubar Das explained in detail various labour and policy reforms undertaken by the State government to boost State’s Ease of Doing Business ranking.

• The Government of Jharkhand, especially the Department of Industries, signed 209 Memorandums of Understanding (MoUs) during the summit.

• The MoUs are expected to attract Rs 3 lakh crore worth of investments from domestic and foreign sources into the State. These agreements would create three lakh new jobs in the State.

• The Essar group announced that the company would invest about Rs 10,000 crore in Jharkhand for setting up a 1200 MW power plant at Tori in Latehar district.

• The company  also announced development of Toskiud North Coal Mine with an estimated investment of about Rs 1100 crore.

• Essel Infraprojects Ltd (EIL) announced that it had committed an investment of Rs 5,700 crore for development and enhancement of infrastructure in Jharkhand.

• Aditya Birla Group Chairman Kumar Mangalam Birla announced commitment of Rs 5,000 crore in investment in Jharkhand in various sectors including mining.

Is this article important for exams ? Yes17 People Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK