Jharkhand has secured investment commitments to the tune of over Rs 3 lakh crore with 210 MoUs being signed across the two day Momentum Jharkhand Global Investors Summit.

This is the first time that the State has held an investor summit.

Around ₹ 1 lakh cr of investment commitments including ₹ 50,000 crore from Nitin Gadkari's highway department had been secured on the first day itself. “Around 2,09,000 direct employment will be generated; while indirect employment generation will be 3,92,000,” a senior government official said.

Interestingly, 121 proposals (investment commitments of ₹ 2,10,505 crore) were received by the industry, mines and geology departments.

Most of the proposals were in the mining sector. This was followed by the IT and e-gov department with 30 proposals and an investment commitment of ₹ 8,500 cr.

The department of urban development and housing has secured investment commitments worth of ₹38,320 crore through 17 proposals and the energy and power department received ₹37,150 cr worth of proposals.