Jharkhand Government plans to attract investments worth 1 lakh crore in the state in order to generate 5 lakh jobs. It tried to do so through two-day Jharkhand Industrial and Investment Promotion Policy 2021.
Indian steelmaker Tata Steel which already has an impressive presence in the state has committed to invest 3,000 crores in the state in the coming three years. This commitment was made at the Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021, launched by Chief Minister Hemant Soren.
Tata Steel has a strong presence in the state since the past 114 years. Tata Steel will be investing with expansion of capacities of coal and iron ore mines and also downstream value added steel portfolio. Tata Steel’s spokesperson informed that
the steel giant wants the state to grow in such a way that a rich identity of the state gets created across the world. CM Hemant Soren mentioned that it is a matter of pride that Tata Steel has plans of further investments in Jharkhand.
Tata Steel is Asia’s first integrated private sector steel company and the flagship company of Tata group. It is the top-ten global steel companies and has an annual crude steel capacity of 34 million tonnes.
