Jharkhand woos investors from across globe

Published on: 

Jharkhand is all set to attract investors from around the globe during the Investor’s summit in Mumbai. Chief Minister Raghubar Das on Tuesday had one to one meeting with several prospective investors including Tata Group Chairman Cyrus Mistry at Bombay House in Mumbai where they had a thorough discussion over the possibilities of putting up more industries in the State. The CM also will sign an MoU with Adani group for a 1,600 MW power plant at Rajmahal in Godda on Wednesday.

In the process of, realising his commitment to ensure diversified development of State, Das met several business tycoons and assured them of working in tandem with the vision of investor friendly environment.

Das on Tuesday met a number of industrialists and business heads including MD of Oracle limited Sudhir Agrawal, Tata Steel MD T Narendran, CCl CMD Gopal Singh, Rajesh Adani of of Adani Group, Anshuman Ruia of Essar Group, Parimal Nathwani of Reliance, HEC CMD Abhijeet Ghosh, Chairman Tulsi Tanti of Suzlon, Joint Managing Director Manish Mandhana of Mandhana Industries limited, Managing Director Prakash Jain of Inspira limited, Chairman Ashish Pandey of Auri Care, Managing Director Srikanth Bassi of Carnival Group, Chief Executive Officer Rajgopalan Kishor Kumar of Vedanta Iron Ore and several heads of other companies of different fields.  

Das requested Mistry to invest more in the State and increase production of the industries which have already been established here. The CM also requested the industrialists to explore avenues in Jharkhand.

“Once the industries start coming and give impetus to the economic activities in the State, overall scenario of the State will change including improvement in general law and order as more and more people here will find employment opportunities,” he said. Das further said that the State Government was making all efforts to improve the work culture and bring transparency in governance reducing the paraphernalia associated with starting any operation in the state. The CM also requested Tata Group Chairman to increase investment in steel production and open a research centre in the State.

Mistry, during the talks, assured that they had a plan to boost the production of steel to 11 million tonnes which was currently around 10 million tonnes. The Tata Group Chairman, however, requested Das to provide support in increasing the capacity of West Bokaro Coal mine to which the CM agreed to provide all possible administrative support from the state government.

“The State Government has adopted Single Window System for the speedy clearance of projects in the State,” the CM told Mistry.

According to the CM, security improvement will be the prime focus and 300 mobile vans have been put on every 3 km distance. “land procurement will not be an issue for investors. On taxation, the State has waived entire VAT for the companies that are setting up plants in Jharkhand. Forest clearance, power supply along with water supply has also been eased out,’ the CM said.

The CM, also accompanied by Chief Secretary Rajeev Gauba along with senior officials including Principal Secretary to CM Sanjay Kumar, Uday Pratap Singh, Sukhdeo Singh, NN Sinha , Arun kumar Singh, Avinash Kumar, Sunil Burnwal, Puja Singhal and IPRD Director Awadesh Pandey, also met with company heads of Vedanta Carnival Group. Inspira limited, Quantum Group, Future Group etc.

Daily Pioneer
dailypioneer.com