Govt On Fresh Mou Signing Spree

Govt on fresh MoU signing spree

by Hindustan Times, Ranchi

27th February 2006

With 42 already under its belt, besides the one with Baba Ramdev in the medicinal herbs sector, Jharkhand Government now intends embarking upon a fresh Memoranda of Understanding (MoU) signing spree. As many as 19 MoUs, including some old ones with some new incorporations and amendments are lined up in the next few days. This follows the clearance by the Chief Secretary-headed high-powered panel.

The new MoUs include one with Burnpur Cement and Jupiter Cement. The former plans to set up its plant in Patratu, while the latter has proposed it in Chaibasa.

BJP MLA from Barkagaon Loknath Mahto, in whose Assembly constituency Patratu falls, met Chief Minister Arjun Munda on Monday to take up the issue of Burnpur Cement, whose techno feasibility report was finalized a month ago.

Among the MoUs are those of Essar Steel, which has propo9sed an expansion of its initially proposed project and Jindal Steel with its plans to set up a 1000 MW power plant.However, with the Government yet to clear allotment of iron ore mining lease to any major industrial house no firm commitment has come from the latter.