Ranchi, February 17: In order to bring in transparency and to amend mining rules, government plans to auction 30 mines in Jharkhand. Asserting while speaking in Jharkhand Global Investor’s Summit he said that the state has huge potential, Minister for Coal and Mines Goyal said Jharkhand can promote low-cost manufacturing because of availability of cheap power.Prime Minister Narendra Modi expressed his confidence by saying that 'Momentum Jharkhand Global Investors' Summit 2017' will create several opportunities for people of the state and "give wings to their aspirations". "Best wishes for @InvestJharkhand. May the deliberations in this Summit lead to fruitful outcomes that contribute to Jharkhand's growth," the Prime Minister said in a tweet.
Commenting his view on Jharkhand, Chief Minister Raghubar Das said the state is rich in natural resources like coal and minerals and striving to become a developed state in the country. “Jharkhand as a young state of India is striving to become one of the developed and prosperous states of India. It is a land of immense potential. He said that Jharkhand was one of the richest mineralized regions in the world possessing 40 % of mineral resources of the country.
Harnessing of its natural resources through industrial development will make Jharkhand a rich state with rich population, Union Minister Nitin Gadkari said. He also said that over the next couple of years the state will see investments of Rs 55,000 crore in the highways sector.
“Free from 'stigma of corruption' and political instability, BJP-led Jharkhand can now exceed the national economic growth average by 4-5 percent,” said Finance Minister Arun Jaitley. He also said that Jharkhand has a potential today with its natural resources, and potential for investment to grow at least 4-5 percent ahead of the national average. Today, it is marginally 1 percent above national average.
Minister for Coal and Mines, Piyush Goyal said that Government plans to auction 30 mines in Jharkhand and the process is likely to start this fiscal. "This year itself, we are hoping to auction at least 30 new mines in Jharkhand. It will be in bauxite, gold, diamond, emeralds and iron ore," he said at the first Jharkhand global investors' summit.
He said the state can promote manufacturing of products related to renewal of energy sectors and production of silicon wafers requires a lot of cheap power. “I would urge the state to set up a dedicated park for manufacturing of solar equipment,” the minister said.
The two-day summit, which started on Thursday, was being attended by about 6,200 delegates. The summit's partner countries are Japan, Czech Republic, Tunisia and Mongolia.