The Naveen Jindal Group plans to invest more than Rs 70,000 crore in Jharkhand across steel, nuclear energy and renewable energy projects following an agreement with the state government.
The proposed investments are expected to create more than 11,000 direct jobs, along with thousands of indirect employment opportunities across construction, logistics, manufacturing, services and allied sectors.
Rs 40,000 Cr For Steel, Rs 30,000 Cr For Nuclear Energy
Of the proposed investment, Rs 40,000 crore will be directed towards the steel sector. The projects are expected to strengthen Jharkhand's manufacturing ecosystem and generate around 10,000 direct jobs, while creating opportunities for MSMEs, downstream industries and local entrepreneurs.
The group also plans to invest Rs 30,000 crore in nuclear energy. The investment is aimed at developing clean, reliable and round-the-clock power capacity while supporting the growth of future industries, including data centres and advanced manufacturing.
In addition, the group proposes to invest Rs 650 crore in solar energy to support Jharkhand's clean energy ambitions. The group identified Jharkhand's natural resources, skilled workforce, strategic location and entrepreneurial ecosystem as factors supporting long-term investment in the state.
The investments are expected to expand Jharkhand's industrial capacity, generate employment and support India's broader manufacturing and clean energy ambitions. |
