A 12-member high-level delegation, comprising senior Government officials and business leaders headed by Chief Minister Raghubar Das, kick-started the three-day investment promotion in Singapore under the Momentum Jharkhand initiative.
On day one, the delegation organised a road show where over 80 companies participated. Key participants include STMicroelectronics, leaves + oats Pte ltd, SMF, Strategic Capital Global, Fitch Ratings, SICCI, GMR International, OEM, P&P, Universal Navigation, IS Container Pte ltd.
Other major firms were SCP Consultants Private ltd, TG International, Pacific Integrated logistics Pte ltd, Building and Construction Authority, Valt System Pte ltd, Active Capital Asia Pte ltd, luther law firm, TG International, Trans Global Pte ltd, Sunkonnect.co, Toss-ex, Grandeur, HBA Capital limited, Pacific Integrated logistics Pte ltd, Hosanna Global Enterprise Inc, China Heping Construction Group Pte ltd, Singapore Institute of Building limited, Indorama Corporation Pte ltd and Global Citizen Forum.
Addressing the congregation of investors, the Chief Minster highlighted that Jharkhand has reached a spurt point for next level of business and industrial growth. The envisaged growth is supported by availability of abundant raw materials, qualified and skilled human resource, conducive industrial and business policies and supportive leadership.
He also emphasised that the State is the most investment ready with a clear vision and well chalked out roadmap to take the economic leadership in India. He explained that the Government in its thrust to facilitate investment and increase user convenience is taking multiple initiatives to improve ‘Ease of Doing Business’ in the state.
He put forth his idea of governance with less Government and more governance. He articulated that the State Government is stable and aggressively working to make Jharkhand into a prosperous state. He invited the business community to participate in the “Momentum Jharkhand” Global Investors’ Summit to be held in February 2017.
Chief Secretary Rajbala Verma said the investment in the state is getting momentum and the logo “Flying elephant” is symbol of its strength. She also discussed regarding the competitive edge Jharkhand has as an investment destination and labour reform measures that have been undertaken by the government. Sunil Kumar Barnwal, Secretary, Department of Industries, Mines and Geology, made a detailed multi-sectoral presentation on investment opportunities in Jharkhand.
Javed Ashraf, High Commissioner of India, Singapore commended the Chief Minister for the initiatives and reforms undertaken by his government to improve business environment in the state. The CM along with his team met the delegation from IE Singapore led by Benjamin Yap, Group Director. They discussed various investment opportunities and upcoming projects. He asserted that IE Singapore through its member business conglomerates shall be exploring various sectors e.g Smart cities, IT, Urban Development and Energy for possible investment in the state.
Jharkhand delegation had a meeting with Singapore Economic Development Board (EDB), representative of EDB discussed their structure and development model with delegation discussed the feasibility of model and way to implement similar model in the State.
More than 20 members of BIJHAR (Bihar Jharkhand Association) also met with the CM and discussed the investment opportunities in Jharkhand.