Ranchi, July 2: The Federation of Jharkhand Chamber of Commerce and Industry (FJCCI) and the Jharkhand Small Industries Association (JSIA) are worried over the flight of some 18 major investors from the power sector in the state.

“Just imagine, today we are getting only six to eight hours of power. And 18 big investors, who had signed MoUs with the state for setting up power plants here, have decided to drop their projects,” said Manoj Naredi, the president of FJCCI.

Some of the major investors who departed include Reliance Energy, Tata Power and Aditya Birla Group among others.

“The more important fall-out of this would be the poor image at the national level, and this would influence the decision of other investors, too,” Naredi said.

“Why should anyone come to invest a few hundred or a few thousand crores in this state when it cannot ensure proper power supply? We are so concerned with this development that we have decided to call a meeting of industrialists and entrepreneurs, and approach the state government to improve its functioning. They are going away because they have not been able to get coal blocks.”

Bikash Singh of JSIA said: “This indicates that the state leaders and bureaucrats have no vision at all. They do not understand the impact of such developments on the future of the state.”