The Department of Industries has got the Centre’s nod for construction of a World Trade Centre (WTC) at the upcoming Smart City in suburban Ranchi, officials from the Department said on Sunday.
State officials recently met senior officials from the Union Commerce and Industry Department in New Delhi and finalized the project, which was pending since a long time, said Mukesh Kumar, Director of State’s Department of Industries. The Jharkhand Industries Development Corporation (JIDCO) will be the executing agency for the project, he added.
“Although the World Trade Centre will come up in Ranchi’s Smart City, it will be governed by the Department of Industries,” said Kumar.
The building is likely to be constructed on a 10 acre plot and will facilitate export to foreign countries directly from Jharkhand. The project is likely to cost around Rs.45 crore, sources from the Department said. The WTC, they said, will boost the State’s industrial aspirations and attract investments. The infrastructure will act as a one-stop-centre for all the businessmen interested in globalizing their business, said officials.
Officials from the Department of Industries said that Jharkhand already exports steel, auto parts, tussar, tamarind and lac to foreign shores. After the construction of the WTC, industrialists and businessmen here will not have to go to Kolkata or New Delhi for exporting their goods, they added. The WTC will also provide space to multinational companies to exhibit and promote their products.
The Bharatiya Janata Party (BJP) led Jharkhand Government in the past four and a half years has taken several initiatives to add a fillip to the industries here by luring foreign and domestic investors. The State organized its maiden Global Investors’ Summit in 2017, which led to the signing of at least 210 Memorandum of Understandings for investments to the tune of Rs.3 lakh crore.
The WTC is being developed under the Trade Infrastructure for Export Promotion Scheme of Ministry of Commerce and Industry, Government of India. Currently, less than one per cent of trade is being exported from the state, despite vast potential in the field of food processing, textiles, minerals and more. The export is dismal from the state in absence of enabler. This building will have office spaces, permanent exhibition centre, lab for quality and certification, International Trade Desk and more.
PNS n Ranchi
The Department of Industries has got the Centre’s nod for construction of a World Trade Centre (WTC) at the upcoming Smart City in suburban Ranchi, officials
from the Department said
on Sunday.
State officials recently met senior officials from the Union Commerce and Industry Department in New Delhi and finalized the project, which was pending since a long time, said Mukesh Kumar, Director of State’s Department of Industries. The Jharkhand Industries Development Corporation (JIDCO) will be the executing agency for the project, he added.
“Although the World Trade Centre will come up in Ranchi’s Smart City, it will be governed by the Department of Industries,” said Kumar.
The building is likely to be constructed on a 10 acre plot and will facilitate export to foreign countries directly from Jharkhand. The project is likely to cost around Rs.45 crore, sources from the Department said. The WTC, they said, will boost the State’s industrial aspirations and attract investments. The infrastructure will act as a one-stop-centre for all the businessmen interested in globalizing their business, said officials.
Officials from the Department of Industries said that Jharkhand already exports steel, auto parts, tussar, tamarind and lac to foreign shores. After the construction of the WTC, industrialists and businessmen here will not have to go to Kolkata or New Delhi for exporting their goods, they added. The WTC will also provide space to multinational companies to exhibit and promote their products.
The Bharatiya Janata Party (BJP) led Jharkhand Government in the past four and a half years has taken several initiatives to add a fillip to the industries here by luring foreign and domestic investors. The State organized its maiden Global Investors’ Summit in 2017, which led to the signing of at least 210 Memorandum of Understandings for investments to the tune of Rs.3 lakh crore.
The WTC is being developed under the Trade Infrastructure for Export Promotion Scheme of Ministry of Commerce and Industry, Government of India. Currently, less than one per cent of trade is being exported from the state, despite vast potential in the field of food processing, textiles, minerals and more. The export is dismal from the state in absence of enabler. This building will have office spaces, permanent exhibition centre, lab for quality and certification, International Trade Desk and more.