Vedanta to collaborate with JSMDC to set up steel plant in West Singhbhum

Jamshedpur: A steel plant would soon be set up at Manoharpur in West Singhbhum district, in a joint venture by the Vedanta group and Jharkhand Mineral Development Corporation (JSMDC).

"Rs 700 crore of the total MoU signed with prospective investors have already been implemented on the ground and project proposals worth Rs 15 to 16,000 crore will be effective in July," Chief Minister of Jharkhand Raghubar Das told a press conference here. The steel plant of West Singhbhum district is one of such projects.

Claiming that investors were being attracted towards the mineral-rich state, the chief minister said that the state government had signed Rs 3 lakh crore worth of long-term and mid-term MoUs with the investors during the Momentum Jharkhand investors meet in February.

Priority would be given to mid-term MoUs that could start production within three years of implementation and generate employment, he said.

On air connectivity, he said that air services between Ranchi and Jamshedpur, Hazaribagh, Dumka, Deoghar and Palamau would start soon. The government has also plans to set up an world class airport in Dhalbhumgarh under Ghatsila sub-division of East Singhbum district.

A survey report on the proposed airport at Dhalbhumgarh has been received and was under consideration for further action, he said.