Collaboration Key to Economic Growth: CM Soren Stresses Stronger Ties Between Jharkhand and West Bengal

Jharkhand CM for collaboration among states to attract investors 

Hemant invites industrialists to explore Jharkhand 

Jharkhand CM Hemant Soren Invites Investors at Bengal Global Business Summit, Highlights State’s Rich Potential

Ranchi, February 5: Jharkhand Chief Minister Hemant Soren emphasized collaboration among states for attracting investments and strengthening India’s economy. Attending the Bengal Global Business Summit invited by West Bengal CM Mamata Banerjee, Soren highlighted rich resources in Jharkhand and shared hope for both states as key investment destinations.

Invited by West Bengal Chief Minister Mamata Banerjee, Soren pointed out the immense potential that Jharkhand, with its wealth of minerals and natural resources, holds in attracting investments. He expressed optimism that both states would soon emerge as prominent investment destinations.

Banerjee and Soren maintain a cordial relationship, as both leaders are members of the opposition INDIA bloc at the national level, which further solidifies their alliance in pursuing shared economic goals.

Speaking at the inaugural ceremony of the eighth edition of the Bengal Global Business Summit 2025 at the Biswa Bangla Convention Centre in Kolkata, Soren acknowledged the presence of distinguished dignitaries, entrepreneurs, and investors from across India and abroad. The summit is chaired by West Bengal Chief Minister Mamata Banerjee.

Expressing his enthusiasm about engaging with industry leaders and investors, CM Soren stated that such interactions provide valuable insights for Jharkhand’s development. He extended an open invitation to entrepreneurs and investors, urging them to explore business opportunities in the state.

“Your investment will drive Jharkhand’s progress, and the government is committed to providing full support,” he assured.

Jharkhand holds nearly 40% of India’s mineral resources, making it a vital contributor to the country’s industrial sector. The state is the largest producer of raw materials essential for various industries. Over the years, numerous mineral-based industries have been established, attracting significant investment from major industrial houses.

However, Soren stressed the need for new initiatives to attract further investments and establish more industries to ensure sustained economic growth.

 While Jharkhand is widely recognized for its mineral wealth, Soren highlighted immense opportunities in other key sectors, including:

Textiles (Jharkhand is India’s largest producer of tasar silk, making it an ideal hub for the textile industry).

Art and culture With its rich cultural heritage, the state offers significant investment potential in handicrafts and traditional arts.

Tourism: Known for its breathtaking landscapes and natural beauty, Jharkhand has the potential to become a major tourist destination.

He encouraged investors to explore these sectors, assuring them of full government support.

Soren emphasized the close economic ties between Jharkhand and West Bengal, noting that both states share several economic activities. This mutual progress, he said, is paving the way for overall development.

“It is often difficult to distinguish whether an initiative belongs to Jharkhand or Bengal because both states are advancing together in many sectors,” he remarked.

He concluded that such partnerships will continue to open new avenues for development in both states.