You are at Jharkhand CM Signs MoU With Shree Cement, Oracle

Jharkhand CM Signs MoU With Shree Cement, Oracle

Promising a better environment for investment, both in terms of doing away with red-tapism and security from Maoists, Jharkhand Chief Minister Raghubar Das on Wednesday signed two Memorandums of Understanding (MoUs) with Shree Cement and Oracle in the city for setting up shop in Jharkhand.

He said: “Though industries had to pay levy to Maoists operating in the rural hinterlands, the situation has improved since the last 15 months. Now, people hand out punishment to the Naxals." Further, he stated: “The tribals are with us and with high-profile surrenders, we hope to contain Maoists within six months."

Evincing confidence in the New Investment Promotion Policy of his government, the Jharkhand CM said the time for permission to set up industries has been reduced to seven days, thanks to the single window system. On being asked about land acquisition issue, Das said tribals are not against industries and that the natural resources of Jharkhand are national resources.

Sree Cement will invest Rs500 crore in a 2 MTA grinding unit at Saraikela Karsawan district. Oracle will impart training to more than 50 higher technical educational institutes under 'Train the trainer' model. The state has also met potential investors in Hyderabad for the Ranchi smart city project. Narayana Health will revamp the government hospitals in the state.

Earlier in Bengaluru, Jharkhand government signed MoU with CISCO on Tuesday and discussed on ways to implement an IT policy on the lines of Karnataka. The state would host 'Jharkhand Global Investors Summit' on February 15-16 next year to attract more investment.

Related News


Recent Galleries


Recent News