Ranchi

Govt announces 50% rebate for startups, IT firms

PNS

In an effort to attract investors in the electronic manufacturing sectors and new startups the State Government will provide 50 per cent rebate in the lease rent to Startups, IT and ESDM sector firms for a duration of two years. While holding a review meeting of the Jharkhand Industrial Area Development Authority and Jharkhand Industrial Infrastructure Development Corporation here on Saturday, Chief Minister Raghubar Das approved waiver in the lease rent on built up areas to attract such companies.

 Das ordered to ensure availability of power, water and roads in the areas marked for the investors willing to establish their companies under Momentum Jharkhand so that after developing their infrastructure, they need not to wait. For enabling investment in various districts of the State, he said that Managers for Ease of Doing Business need to be appointed.  He also asked to keep health, medical, education, hospital and nursing institutions, higher educational institutions and private universities, technical and sports institutions under the priority sector. Coming under the sub clause III of Jharkhand Industrial Area Development Authority regulation 2016 these sectors would develop with a fast pace, he said.

The CM asked to begin work as soon as possible at the land allotted in nagri for Textile Park. Similarly, he said, food processing and pharma work should also be started at Saher circle of Nagri, Food Park at Chapawar of Ormanjhi circle, handloom at Erba Silk Park and textile at Dardag and Chakla. He said that food processing unit can be started at Tandwa and sakhi mandals can be connected with it.

Approvals were also given for laying down OFC cable for mobile companies in Adityapur area, five acre land for hospital from the reserved land and PCC approached road construction on either side of NIT Overbridge. Similarly, reconstruction of road at Jasidih Industrial Area and SPV of plastic park at Devipur ( Dumka) were also approved in the meeting. The CM asked to develop infrastructure of the industrial areas in such a way that the investors take interest in coming down to the State for investment.

Additional Chief Secretary Planning cum Finance department cum Development Commissioner Amit Khare, Principal Secretary to CM Sanjay Kumar, Principal Secretary of Urban Development Department Arun Kumar Singh, Secretary to CM Sunil Kumar Barnwal, revenue and land Reforms department Secretary KK Soan alongwith senior officials were present in the meeting.