The three-day Jharkhand Mining and Minerals Summit organized by the state Government and CII ended today.
The Jharkhand government signed three Memorandum of Understanding (MOUs) during the summit.
It signed MoUs with Mineral Exploration Corporation Ltd (MECL) for undertaking mineral exploration to identify prospective mineral blocks, with Vedanta for setting up a Steel plant and with Shree Cements for setting up a cement plant in the mineral-rich state, according to an official press release here.
Jharkhand s MoU with MECL will give mineral exploration in the state a significant boost, the dignitaries present at the Valedictory Session held at the HEC Ground observed.
On the inaugural day of the three-day summit, an MoU was signed between Jharkhand government and Coal India Limited for waste water treatment and supply of water for drinking and irrigation to the people.
The Adani Group had proposed to invest 20,000 crore in the state over the next 5 years which will lead to creation of 10,000 jobs. Bharat Earth Movers Limited (BEML) on the other hand is also looking to expand its operations in Jharkhand.
Jharkhand Urban Development, Housing and Transport Minister, C P Singh said the state is on the fast track of development work.
"It will create forums like JMS and come up with more and more opportunities for businesses," Singh said.
Secretary, Ministry of Mines, Government of India, Arun Kumar praised the Jharkhand government for its proactive approach in transforming its rich mineral wealth into a source of high economic growth, employment generation and societal happiness.
Jharkhand is doing a commendable job in the utilisation of the District Mineral Fund, Kumar said, adding that the Central Government will continue working shoulder to shoulder with the state Government to help it realize its true potential.
With enabling policies and efficient administration, exploration in Jharkhand will get a boost, Kumar said expressing hope that the future is bright for Jharkhand.
Jharkhand, chief secretary, Rajbal Verma said, "As mentioned by the chief minister, growth of mining industry doesn t only mean extraction of the minerals or export of ore, but development of an entire ecosystem to support the mining activities in the State. Original Equipment Manufacturers (OEMs) and OCMs will play an important role to fulfil his vision and State.
"The Government of Jharkhand wanted to provide a platform wherein all the stakeholders involved in the mining landscape could come together and discuss the issues and opportunities in the mining sector in Jharkhand. OEMs, OCMs and other industries were provided a platform where they could demonstrate their technical prowess to their target audience, she said.
Sunil Kumar Barnwal, secretary, Mining and Geology department of Jharkhand government said the success of the maiden summit lies in the fact that in a short time the summit has attracted the attention of leading corporates and their heads.
"About 60 companies dealing in mining, exploration, manufacturing, components, etc, have taken part. This goes to prove that Jharkhand is firmly on course to becoming the India s No 1 Mining Destination," he said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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