Jharkhand under its ‘Momentum Jharkhand’ initiative conducted a roadshow in Shanghai on Friday. The fifteen-member delegation led by Additional Chief Secretary RK Srivastava graced the occasion along with business fraternity of China.
The delegation, which showcased huge investment opportunities in Jharkhand witnessed a very strong participation in the road show from Chinese investors and companies looking towards India, underlining the growing ties between two of the world's fastest growing economies. The delegation presented Jharkhand as one of the most investor friendly State with huge thrust on infrastructure and immense investment opportunities.
The team held business interactions with Shanghai-based large corporate groups with interest in infrastructure, technology, construction, mining, heavy engineering and machinery, among others. The delegation also met Yang Jiarong, Chairman of China Council for Promotion of International Trade (CCPIT), Shanghai the Government agency responsible for promotion of investment and business, to promote partnership between China and Jharkhand.
Jiarong affirmed that CCPIT will certainly extend their full support in acquainting Chinese companies about the opportunities of investing in the State and taking part in upcoming ‘Jharkhand Global Investors Summit- 2017’ in a big way.Srivastava addressed a gathering of investors and highlighted that Jharkhand has reached an inflection point for next level of business and industrial growth given the availability of abundant raw materials, qualified and skilled human resource, conducive industrial and business policies and visionary leadership. He also added that today Jharkhand is the most investment ready state with clear vision and roadmap to achieve economic leadership in our country. Initiatives to improve Ease of Doing Business were also presented.
Sunil Kumar Barnwal, Secretary, Department of Industries, Mines and Geology made a detailed multi-sector presentation on investment opportunities in Jharkhand. While addressing the gathering of leading industries and investors, Prakash Gupta, Consul General of Consulate General of India, Shanghai highlighted opportunities offered by Jharkhand which is one of the leading investment destinations in India.
The delegation explored the possibility and held discussions for a collaboration in engineering design and industrial planning, as Shanghai is recognised the world over for its rapid progress in large infrastructure like urban infrastructure, skyscrapers, landscape design, riverfront, industrial complexes, waste water treatment etc. Barnwal also invited Shanghai-based business leaders, investors, corporations, academicians and technologists to participate in the investors’ summit slated for February 16–17, 2017 in Ranchi. This two-day event will aim to showcase the strengths and industrial dexterity of Jharkhand,
The delegation had a series of one-one meetings with investors and interacted with senior management representatives from companies like China Coal Construction Company, Free Tech Road Construction Company, SUCG, Yinhe Tianjin, Baosteel, Shanghai Tongji Urban Planning & Design Institute, Net Nic Co. ltd., China Second Metallurgy Corp. ltd., Xingrong Group etc. and also discussed and deliberated investment opportunities in Jharkhand.
The potential areas of engagement and cooperation from the participating firms today were smart city, urban development, mining, infrastructure and manufacturing. The delegation concluded its trip to China with this.