Momentum Jharkhand Summit 2017

On 16 February, 2017, Finance Minister Arun Jaitley inaugurated the Jharkhand’s maiden two-day investment summit “Momentum Jharkhand Global Investors Summit 2017”, at Khelgaon in Ranchi. Though this was the first summit of Jharkhand, it still managed to attract a positive response from the investors.

Momentum Jharkhand was on the side-lines of Make in India initiative. A total of 210 memorandum of understanding (MoU) worth Rs 3,10,287 crore were signed during the event.

The state, which is one of the richest mineral zones attracted majority of its investment in this sector with 121 proposals worth Rs 2,10,505 crore proposed investment. This was followed by Urban Development & Housing and Energy sectors.

Projex by Sectors in Jharkhand (as of December 2016)

As per data compiled by ProjectsToday, as of December 2016, the state has a total of 2,435 live projects worth Rs 4,71,797 crore across all sectors.

Of this, 2,316 projects worth Rs 2,34,014 crore is undertaken by government organisations and 119 projects worth Rs 2,37,783 crore is by private companies.