Jamshedpur, March 5: An increasingly globalised world economy has created an economic environment marked by dynamism, growing competition, structural changes and a proliferation of trade agreements.
India is gaining importance in the global arena as the world’s third largest economy (in purchasing power parity terms) and amongst the world’s top five fastest growing economies.
Jharkhand has the capability and capacity to not only contribute but also drive India’s growth story as it had done in the past. The state of Jharkhand has transformed itself by creating an infrastructure utilizing its resources.
Jharkhand is one of the richest mineral zones in the world, a press communiqué issued by CII on Saturday stated.
The state boasts of 40 percent and 29 percent of India’s mineral and coal reserves, respectively.
Jharkhand offers a wide range of fiscal and policy incentives for businesses under its industrial policy. The state government has recently launched Single Sign-On for ‘Ease of Doing Business’ and has been ranked third in the recent ranking of DIPP – World Bank on Ease of Doing Business. Thus the next wave of manufacturing lies in Jharkhand.
Jharkhand faces an exciting period in which it is faced with the opportunity to make the state progressive and solidify its position in the arena of development.
Jharkhand would achieve this based on a long-term multi-variable approach with impetus on key sectors, namely, IT, food processing, healthcare, education, skill development, agriculture, tourism, MSME and infrastructure besides others.
To sustain the leadership of state’s manufacturing sector and help it achieve excellence combined with a vibrant MSME growth, CII Jharkhand is organizing the session on “Build Jharkhand, Invest in Development” at Beldih Club, Jamshedpur, on Monday.
The conference will deliberate on promoting overall development in the state with the benefits generated percolating to all sections of the society thereby playing an important role in India’s development story.
The conference would be attended by senior leaders of the industry, consultants and financial institutions.