S K Behera, vice chairman and managing director of RSB Transmission, one of the leading manufacturers of automotive components, has commended Jharkhand's Industrial Policy, emphasizing the need for robust infrastructure development to further bolster the state's industrial growth. Speaking at a press conference on Monday, he expressed his appreciation for the state government's initiatives and highlighted the potential for economic advancement in the region.
Jharkhand's Industrial Policy, formulated with the aim of promoting industrialization and attracting investments, has gained recognition from various business entities operating within the state. RSB Transmission, a prominent player in the automotive sector, has benefited from the supportive policies, which have created a favourable business environment for companies to thrive.
During the conference, Behera acknowledged the state government's commitment to creating an investor-friendly ecosystem and facilitating ease of doing business.
However, Behera also emphasized the crucial need for improved infrastructure in the state. He highlighted the significance of well-connected road networks, airports, and efficient logistics systems to enhance the movement of goods and materials. The Managing Director urged the government to prioritize infrastructure development to support the growth of industries and promote Jharkhand as a preferred investment destination.
"Investment in infrastructure is essential for sustainable industrial growth. Jharkhand has immense potential, and with the right infrastructure in place, it can attract more investments, generate employment opportunities, and contribute significantly to the state's economy," stated Behera .
Discussing the expansion plans of his company, Behera revealed that after establishing successful ventures in Adityapur and Pune, the company is now embarking on expansion in Mexico, with the process already underway. The company’s fourth plant has been set up, and production has commenced.
He emphasized the future demand for electric vehicles and announced the company’s foray into e-vehicle manufacturing through a collaboration with an Israeli company. He disclosed that work on an electric motor system is underway at the Pune plant in association with the Israeli firm, and soon the company will supply electric vehicles to Tata and Ashok Leyland Company.
In addition to focusing on industrial development, the company is concurrently constructing a state-of-the-art super specialty hospital near Adityapur Auto Cluster, expected to be fully operational within the next two years. The initial phase will feature a 500-bed hospital, with plans for future expansion to accommodate 1000 beds. Behera informed that Padmavati Hospital is being built by RSB Group near Adityapur Toll Bridge and it would soon be inaugurated. It is designed to benefit the people of Kolhan.
During the press conference, Behera was accompanied by Jaya Singh, the HR head of the company, and other officials. The discussion shed light on the challenges and opportunities present in Jharkhand’s industrial landscape, emphasizing the importance of infrastructure development to unlock the full potential of the state’s industrial policy.
Behera’s remarks resonate with the broader sentiments of the business community in Jharkhand, who have long emphasized the importance of infrastructure development to unlock the full potential of the state's industrial sector. The government's continued focus on creating a conducive business environment and prioritizing infrastructure development is expected to attract more investments and pave the way for sustained economic growth.
