The Telegraph
Saturday , August 5 , 2017

Big bash for biz summit gains

Jamshedpur, Aug. 4: A 30,000sqft hangar-like air-conditioned tent will be set up at Gopal Maidan in Jamshedpur for a state government function to kick-start as many as 60 industrial projects, MoUs for which were signed at the Global Investors Summit in February, the scale of the event intended to mirror what is being billed as the fruits of investments worth Rs 2,000 crore.

Chief minister Raghubar Das will lay the foundations of the projects, in sectors as diverse as food processing, cement and education, online on August 19 in the presence of around 3,000 people, including state cabinet ministers and a host of dignitaries, at the function that is being executed by Mumbai-based Wizcraft Entertainment.

"The event will be on a grand scale," said state industry director K. Ravikumar, who was in Jamshedpur today to inspect the venue and later hold a meeting with the district administration.

"We will be having a German hangar-like structure (tents made of aluminium fittings) to accommodate guests. Since it is monsoon and we have heard that the ground has been hosting football matches, I came to look at the condition of the ground. It is in satisfactory condition," said Ravikumar before returning to Ranchi.

According to a senior CII official associated with the function, the bulk of the projects that would be flagged off on August 19 were in the cement and education sectors.

"Projects worth nearly Rs 300 crore will be kicked-off in the food processing sector, while the automobile sector will see investments to the tune of Rs 350 crore. The cement sector will see projects worth Rs 600 crore and education will see investments worth Rs 500 crore," the official said.

Other sectors that see investments include beverage (Rs 50-crore), hospitality (Rs 100 crore) and steel (Rs 100-crore).

Among the projects that would be flagged off are:

• Arka Jain University, Kolhan region's first private university, with an investment of Rs 400 crore at Gamharia in Seraikela-Kharsawan district

• 2MT cement plant with an investment of Rs 600 crore by Calcutta-based Shree Cements at Seraikela

• Marino Food Products (biscuits and cookies) with an investment of Rs 50 crore in Ranchi

• Hemkunt Aahar (food processing) with an investment of Rs 40 crore in Hazaribagh

• IKF Furniture with an investment of Rs 30 crore in Dumka

• Ganpati Milk Products with an investment of Rs 30 crore at Chowka in Seraikela-Kharsawan

• Automobile parts manufacturing unit with an investment of Rs 80 crore by Jamna Auto Industries at Seraikela-Kharsawan.

In May, two months after the investors' summit, the chief minister had laid the foundation of 21 projects worth Rs 700 crore and launched three warehouses _ in Nagri (Ranchi), Khasijhari (Bokaro) and Gumla _ worth Rs 30.5 crore at a function in Khelgaon, Ranchi.

As many as 210 MoUs, promising investments worth Rs 3.1 lakh crore, were signed at the summit in Ranchi in February.

Today, industry director Ravikumar held a meeting with East Singhhum deputy commissioner Amit Kumar and Adityapur Industrial Area Development Authority (AIADA) MD Akansha Ranjan, among others, to discuss preparations for the August 19 function.

"Almost all state cabinet ministers are expected to attend the ceremony that is expected to be of two-hour duration. There are over 60 projects, spread across Jharkhand, that would be flagged off online by the chief minister," said an officer in the industry department.

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