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News India Live, Digital Desk: A new golden chapter is going to be added in the industrial development journey of Jharkhand. Leading industrial houses of the country Jindal Steel and Power (JSP) in the state Rs 70,000 crore A masterplan has been prepared for huge investment. Under this mega project of Ramgarh district Patratu The steel plant located there will be expanded, making it one of the most modern and largest steel centers not only in India but in the world.
Patratu will become ‘Global Steel Destination’
Jindal Group Chairman Naveen Jindal has clarified that the company will increase its capacity in Patratu manifold. Presently the plant is known for wire rod and bar mill, but after new investment:
Increase in production capacity: By increasing the annual production capacity of the plant 10 million tonnes (MTPA) Aim to do.
Integrated Steel Hub: The entire chain from raw material to finished steel will be developed here.
Green Energy: A part of the investment will be spent on new technologies for reducing carbon emissions and eco-friendly steel production.
60,000+ youth will get direct and indirect employment
For a state like Jharkhand, this investment is not just a paper figure, but it is the beginning of an ’employment revolution’. Experts estimate that:
Direct Employment: close to 10,000 to 15,000 Skilled and unskilled workers will get work directly in the plant.
Indirect Employment: Through supporting industries, logistics, supply chain and local market, close 45,000 to 50,000 People will get livelihood.
This will go a long way in stopping brain migration from Jharkhand.
‘Single Window’ coordination between Jharkhand Government and Jindal Group
This investment has received the green signal after meetings with the Chief Minister and senior officials of the state. Jharkhand government ‘Single Window Clearance’ Under this, Jindal Group has been assured of all possible cooperation.
Ground and power: The government is cooperating in developing necessary infrastructure in Patratu and surrounding areas.
Industrial Policy: The company is also likely to get special incentives under the state’s new industrial policy (JHIPP).
There will be a big jump in Jharkhand’s GDP
This investment of ₹70,000 crore will take Jharkhand’s gross domestic product (GDP) to new heights. When this project starts working at full capacity, there will be a huge increase in the GST and other taxes received by the state, the direct benefit of which will be visible in the public welfare schemes of the state.
