Jharkhand Attracts Investment Through 'Momentum Jharkhand' Program

The Government of Jharkhand formally launched its investment promotion campaign “Momentum Jharkhand”. The state was ranked among the best performing states in business reforms, based on an evaluation by the Department of Industrial Policy & Promotion.

“Jharkhand, in a sense, is the backbone of the Make in India mission, since it holds 40 per cent of India’s natural mineral wealth and on track to become the country’s power hub by 2019”, the Chief Minister said in his address. “It is my privilege and responsibility to work in tandem with our Hon’ble Prime Minister on his Government’s vision for Sabka Saath, Sabka Vikaas. My government’s policies are in sync with those of the Government of India, in that we truly work as a team with unity of purpose”, he added.

The Chief Minister of Jharkhand emphasized that his government was totally committed to protecting and securing the wellbeing of investments, public life and property. Ever since the incumbent government came to power in December 2014, there has been not a single major incidence of industrial conflict. “Through highly responsive governance systems, we have ensured near perfect industrial harmony. The DIPP assessments on Business Reforms prove our unparalleled progress on labour reforms. It is testimony to the culture of the State’s people and their outlook towards organized systems of livelihood”, the Chief Minister said.

Chief Secretary Ms. Rajbala Verma added, “We have ensured that the most investment-ready opportunities are adequately presented to prospective investors in the form of a “Shelf of Projects” publication. It represents what we can call the low hanging fruits that early bird applicants can get on board with. The project categories spanned across the spectrum of focus sectors.” Industries Secretary Mr. Sunil Kumar Barnwal made a crisp presentation on the investment opportunities in Jharkhand.

On the occasion of this road show, Government of Jharkhand signed an MoU with Cisco to impart networking training to the students of engineering colleges, polytechnics and degree level Institutions in Jharkhand through the Cisco Networking Academy Program to increase the availability of skilled networking resources from within the state.

Urban Development and Housing Secretary Mr. Arun K. Singh spoke on the state’s “smart city” agenda. The proposed greenfield smart cities in Ranchi and Barhi promise to speed up urbanization in the state while ensuring sustainability through comprehensive planning. “Investors should be equally enthusiastic about the services sector which would form the urban ecology. The sector has kept up pace. Its share of contribution to the GSDP has grown from 33 per cent in 2004-05 to about 49% in 2015-16.”

Sharing his experiences, Dr. Devi Prasad Shetty, Chairman, Narayana Health said “The proof of the pudding lies in eating it. Jharkhand’s single window system is one in every sense of the word. Investors are assured that they would never require escalating matters or visiting any other department. The State Investment Promotion Board is an excellent consultation platform to provide strategic inputs to the top echelons led by the Chief Minister’s Office. It is my firm belief that Momentum Jharkhand Global Investors Summit, 16-17 February 2017, will be a watershed in Jharkhand’s future, as well as Eastern India’s.”

Investment Opportunities in Jharkhand

1. Plastic Park at Deoghar
2. Mega Food Park at Ranchi, Food Parks at Hazaribagh, Deoghar & Chandil
3. Electronic Manufacturing cluster, Adityapur
4. Apparel Park, in Irba, Ranchi
5. Mines & Metallurgy:
6. Aluminum Park at Muri and Latehar
7. Steel Park at Kharsawan, Jamshedpur
8. Gems and Jewelry Park at Ranchi
9. Ceramic Park at Dhanbad, Sahebganj
10. Coal to Polygeration units
11. Automotive Vendor Park at Adityapur
12. Energy Sector:

• Power Generation and Distribution.
• Manufacturing of Equipment required to set up Power Generation units.
• Manufacturing of Renewable Energy appliances

The next road show is scheduled to be held tomorrow, July 20 2016 at Hyderabad.

About Jharkhand Global Investors Summit 2017

In a bid to boost the 'Make in India' initiative taken by the Hon. Prime minister Shri. Narendra Modi and develop high value investment opportunities in the state of Jharkhand, the state Government led by Hon’ble Chief Minister Shri. Raghubar Das has organized the maiden 'Jharkhand Global Investor Summit' on 15–16 February 2017 in Ranchi. The summit aims to establish Jharkhand a premier Investment destination for both foreign as well as domestic investors basis macro-economic system through equitable and sustainable growth, enhance prospects of livelihoods for the people of the state and provide a platform for new ideas and innovations for future investment opportunities.