Ranchi, July 24 (PTI) Tata group hospitality firm IHCL on Wednesday entered into a pact with the Jharkhand government to set up a Taj hotel in Ranchi at an estimated investment of Rs 400 crore. This 200-room greenfield facility will be Indian Hotels Company Ltd's sixth project in the state after one Vivanta-branded property and four Ginger hotels. Describing it as a historic day, Chief Minister Hemant Soren said the establishment of the Taj hotel would promote tourism in the state and give Jharkhand a global identity.
"Jharkhand's relationship with the Tata group is very old. This relationship has been more than 100 years old. During this time, the Tata group played an important role in the development of Jharkhand through industrialisation and other means.
We can strengthen this relationship even more," he said. Soren said lakhs of people were employed here by the steel-to-salt conglomerate. The upcoming hotel, which will be built on a six-acre plot in Dhurwa, will provide direct and indirect employment to around 1,000 people, an official said.
"This group is coming forward to establish many more enterprises here. In such a situation, the state government is ready to walk hand in hand with this group. With the participation of all of us, we will be able to bring mineral-rich Jharkhand into the category of leading states," the CM said.
He said the Tata group has a role in taking the country forward, and Jharkhand plays a crucial role in India's economy with its mineral and ot.