Domestic steel giant Tata Steel expressed commitment to invest ₹3,000 crore in Jharkhand in the next three years to augment capacities. The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021, launched by Chief Minister Hemant Soren.
The Jharkhand government aims to facilitate investment to the tune of ₹1 lakh crore in the state and generate 5 lakh jobs.
“Tata Steel plans to invest ₹3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio,” Chanakya Choudhary, Vice President – Corporate Services, Tata Steel said.
The chief minister said that an upgraded industrial policy has been prepared and it is a matter of pride that Tata Steel has expressed willingness to invest in Jharkhand.