Tata Steel to invest Rs 3,000 cr in Jharkhand in next 3 yrs to inc capacity

Domestic steel giant Tata Steel on Saturday expressed commitment to invest Rs 3,000 crore in Jharkhand in the next three years to augment capacities.

The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021 here, launched by Chief Minister Hemant Soren.

The Jharkhand government aims to facilitate investment to the tune of Rs 1 lakh crore in the state and generate 5 lakh jobs through two days investors meeting that concluded on Saturday here.

“Tata Steel plans to invest Rs 3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio,” Chanakya Choudhary, Vice President – Corporate Services, Tata Steel, told PTI.

Choudhary said Tata Steel was in Jharkhand for the past 114 years…