Expanding ease of doing business in Jharkhand, for the first time a company through online registration, without any paper work started functioning. Chief Secretary Sudhir Tripathi inaugurated Ayurvedic medicine maker Yuvanam in Daladali, Ranchi. On this occassion Excise Commissioner Bhor Singh Yadav, NRHM Director Kripa Nand Jha, Drug Controller Neetu Sahay and other officers were present. Yuvanam is associated with the famous Ayurvedic medicine company Vaidyanath.
Yuvanam Director Pramod Sharma said on the occasion that it is only three months between the time of online registration process and production. In this way, Yuvanam has become the first company to start production by registering online from single window system. He said that the company is starting production with an initial capital of Rs 1 crore. In this 50 people will get direct and about 300 people will get indirect employments.
He said that in two years the company will be about of 25 crores and give direct employment to 150 people. Pran Sharma, director of Ranchi unit of Yuvanam said that two of its units are already operating in Delhi and Patna. He informed that the Ranchi unit will produce 467 products of Ayurveda. Medicinal materials produced in forests of Jharkhand will be used in drug manufacturing. Another director of the company, Neeta Sharma said that the upgraded variety of Ratnawale Chyavanpras will also be produced from Ranchi unit.