Essel Infra Projects Limited has committed an investment of Rs 5,700 crore in Jharkhand for infrastructural enhancement and development in the State, Bureaucracy Today has learnt.
The announcement was made at the Momentum Jharkhand Investors Summit in Ranchi. The Memorandum of Understanding for investment would be inked between Essel Infra Projects Ltd and the Jharkhand Government.
Essel is targeting projects like roads, energy, hydro power and tourism. The initiation of the projects would generate employment for over 1000 locals. The EIL will also make investment towards Corporate Social Responsibility according to the provisions of the MoU.
The Jharkhand Government would facilitate Essel Infra Projects Ltd in obtaining the necessary registration, permissions, approvals and clearances from the concerned authorities as per the rules and regulations of the State Government.
The EIL has documented a vision for the smart City Governance Framework and Revenue Model for Integrated, Inclusive and Sustainable Smart Cities in India.
“Jharkhand has a huge potential to attract investments with its progressive policies and human resources in abundance. To realize these developmental goals, state will need an enabling infrastructure landscape. We are eagerly looking forward to work closely with the Government of Jharkhand which is leaving no stone unturned in moving towards the country’s vision,” said Punit Goenka of Essel Group.