Ranchi, Feb. 14: Union Finance Minister Arun Jaitley would be attending the ‘Momentum Jharkhand: Global Investors Summit’ in Ranchi as the chief guest. The mega event would also be attended by top business tycoons of the country including Ratan Tata, Kumar Mangalam Birla and Gautam Adani.
The two-day summit would begin in Ranchi on February 16. “For the first time such a summit is being organised in Jharkhand. It is important for branding of the state as well as for employment generation,” Jharkhand Chief Minister Raghubar Das said while addressing a press conference in the state capital on Tuesday.
Das said that Jharkhand had metamorphosed into a top investment destination in the country. “The Global Investors Summit is being held in Jharkhand for the first time since its creation sixteen years ago. The state is richly endowed with natural resources, both mineral and forest, yet there were problems of poverty, employment, migration and extremism. It has 40 per cent of mineral resources of the country and industrious human resource.
So the government decided to inform the industrialists from other states and foreign countries after making policies and and we invited them. I am happy that many investors from India and abroad are coming for the summit,” he said.
On his recent foreign tours, Das said it was also a great learning process, citing the example as to how Singapore has zero tolerance towards corruption, tax on everything and the city being clean attracting industries and tourists.
Das said the government first formulated policies and then went to other states and foreign countries to inform prospective investors about the policies. He termed the textile policy as the best policy and liked by investors. Saying that several good MoUs had been signed in the previous 14 years of Jharkhand creation but could not take off due to political instability.
The CM said that investors would come only when there are good policies, good economy and political stability and in the past two years development had taken place -Jharkhand stood at fourth place in the country in terms of growth and the state could be a central point of commerce in the country.
Any investor coming to make investments wanted security guarantee and in the last two years, a significant decline has been registered in law and order problems and the state would be freed from naxalism in 2017. Industry Secretary Sunil Kumar Burnwal said that 9524 delegations have registered for the Summit so far.