1 week ago
Sonbhadra Nears ₹20,000 Crore Investment Goal With Energy Projects
Sonbhadra is trying to attract ₹20,000 crore in investments.
So far, companies have proposed 33 projects worth ₹14,612 crore.
The district still needs proposals worth ₹5,388 crore to reach its goal.
Adani Group plans to build a pumped storage power plant in Panaura.
This project is expected to cost ₹7,400 crore.
Tehri Hydro Development Corporation also plans a ₹6,400 crore project in Basudhari.
Officials say these projects could create direct and indirect jobs.
They also expect local businesses and services to benefit.
Sonbhadra has secured MoUs for 33 projects with proposed investments worth ₹14,612 crore.
The district administration is seeking the remaining ₹5,388 crore to meet its ₹20,000 crore GBC 5.0 target.
Adani Group plans to invest ₹7,400 crore in a pumped storage power plant at Panaura.
Tehri Hydro Development Corporation has proposed a project in Basudhari with an investment of about ₹6,400 crore.
Officials expect the projects to create jobs and boost local businesses, transport, construction, and services.
- Who
- Sonbhadra’s district administration, Adani Group, and Tehri Hydro Development Corporation are involved; District Magistrate Charchit Gaur provided details.
- What
- MoUs have been signed for 33 projects involving ₹14,612 crore in proposed investment, toward a ₹20,000 crore GBC 5.0 target.
- Where
- Sonbhadra district, including Panaura and Basudhari in Uttar Pradesh.
- When
- The proposals were reported after the Global Investors Summit, with efforts continuing to secure the remaining investment.
- Why
- The investments are intended to promote industrial development, expand energy capacity, create employment, and strengthen the local economy.
Key facts
- Investment proposals
- ₹14,612 crore
- Projects with MoUs
- 33
- GBC 5.0 target
- ₹20,000 crore
- Remaining target
- ₹5,388 crore
- Adani Group project
- ₹7,400 crore pumped storage power plant in Panaura
- Tehri Hydro Development Corporation project
- Approximately ₹6,400 crore project in Basudhari
- Expected benefits
- Employment growth and expansion of local business, transport, construction, and service sectors
Sources
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