Jharkhand being one of the youngest Indian States possess 40% of the country's total mineral resources. It has been recognized as a region of great potential. The state is the only producer of uranium and coking coal in the country. Jharkhand has a concentration of some of the country’s highly industrialized cities such as Jamshedpur, Ranchi, Bokaro and Dhanbad. The pool of resources, the attractive features, such as the natural resources, geographical advantage, robust administrative system, skilled manpower, a number of industrial zones, technical and educational institutes of repute, and a wide consumer market makes it one of the most investor friendly state.
Against this backdrop, CII in association with Government of Jharkhand organised an Investment Meet on “Emergent Jharkhand” in Ranchi coinciding with the Fourth Meeting of the CII Eastern Regional Council.
Shri Arjun Munda, Hon’ble Chief Minister of Jharkhand along with other key Government Officials interacted with the Industry on business opportunities in the state of Jharkhand. The meet focused on attracting investments that would add value to the state in the areas of Agriculture, Food Processing, Manufacturing, MSMEs, Healthcare, Information Technology, Tourism, Education & Skill Development and Infrastructure, besides others.
He stated that the state is continuously working towards development of the industry in the state of Jharkhand. Platforms like Emergent Jharkhand would promote exchange of ideas, sharing of best practices, which would eventually lead to forward linkages and backward integration. The state is also committed to extend all necessary help to facilitate investment proposals by providing necessary infrastructural support and ensuring timely statutory clearances.
Shri A P Singh, IAS, Secretary, Department of Industry, Government of Jharkhand; Shri Debashish Gupta, IAS, Development Commissioner, Government of Jharkhand and Shri S K Choudhary, IAS, Chief Secretary, Government of Jharkhand were also present and interacted with the industry.
Shri A P Singh, IAS, Secretary, Department of Industry, Government of Jharkhand said that the meet is to discuss the investment climate of the state for the overall development of the state. The Industrial Policy has always generated investments. In the past around 4 lac employment was generated and an investment of 2000-5000 crore came into vogue. These showcase the potential of the state. Apart from this the state has also suffered constraints in the areas of development. He then made a brief presentation analyzing the issues sectoral wise of the state of Jharkhand. He also emphasized that the motto of the policy was “Jharkhand beyond minerals”.
Shri Debashish Gupta, IAS, Development Commissioner, Government of Jharkhand mentioned that bringing out the policy was a joint effort. The policy is not static, rather dynamic that would attract fruitful investments.
Shri S K Choudhary, IAS, Chief Secretary, Government of Jharkhand put forward the need of the hour for looking into more and more developmental issues. Jharkhand has not reached a stage where it should have been and a lot needs to be done in this area.He also mentioned that 2 power plants have already been commissioned that of DVC and Tata Power at Maithon, and there are many more in the pipeline. He did also mention that support has also been extended from the central government. Road and other Infrastructure always remain an area of concern. He also said that steps are being taken that should not be an impediment for the industry in the area of development. Similarily, Mining also remains a major issue. Post mining production activity also needs to be taken care of.
Around 100 industry members of CII came from all over India and specially Eastern Region to attend this investment meet.
Skill development, Affirmative Action and Corporate Social Responsibility Initiatives are the hallmark of CII. CII created District Development Plan and Employability Potential Assessment Report of West Singbhum and Latehar. The Employability Potential Assessment and District Development Plan of Latehar was unveiled at the forum by the Hon’ble Chief Minister. He also unveiled the CII Report on the Agenda for Development for Jharkhand.
The New Industrial Policy of the Government of Jharkhand was also released by Shri Arjun Munda at the Investment Meet on Emergent Jharkhand.
Hon’ble Chief Minister Shri Arjun Munda in his speech thanked CII and all the Industry representatives for taking a step towards such an initiative of the development of the state.
In the recent years the economic activity in the state of Jharkhand has increased substantially and the government has stepped up their efforts to attract investment to the state to generate sustainable income and employment. CII, in this context, prepared a Investment Climate Report of Jharkhand and the same was unveiled by the Hon’ble Chief Minister at the forum. CII Endeavour – A Newsletter of the Affirmative Action Initiatives in the Eastern Region was also released during the programme.
Seven MoUs amounting to around Rs 30000 crore were signed between the Industry and Government of Jharkhand during the investment meet.
Mr Prasann Chobe, Chairman, CII Jharkhand State Council; Mr R K Agrawal, Chairman CII Eastern Region; Mr Sudhir Deoras, Deputy Chairman, CII Eastern Region; Mr S K Behera, Vice Chairman, CII Jharkhand State Council and Dr Saugat Mukherjee, Regional Director, CII were also present.