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Investors’ Meet: Jharkhand CM Hemant Soren to meet honchos of Tata Group today at Delhi

State to showcase prospects of Electric Vehicle cluster and Ethanol industries 

Ranchi, August 26: The Department of Industries, Government of Jharkhand is hosting an Investors’ Meet to showcase the Jharkhand Industrial and Investment Promotion Policy 2021 to prospective investors at Delhi.

Additionally, the event will also seek feedback on the draft of Jharkhand Electric Vehicle Policy 2021 and give a glimpse of the Electronics Manufacturing Cluster (EMC Adityapur) to the interested investors.

The event is spread over 2 days namely 27th and 28th August 2021. On 27th August, the event will witness a roundtable on scope of Electric Vehicles (EV) sector in Jharkhand.

This will be followed by focussed business to government meetings with marquee industrial houses like Tata Group, Maruti Suzuki, Dalmia Cement, Honda Cars, Hyundai Motors, SAIL, NTPC and Vedanta. 

Chief minister Hemant Soren will hold one-on-one interactions with over dozen industrialists in Delhi on Friday, the first day of Jharkhand’s two-day investment meet where the state government will formally unveil its new industrial policy.

According to details shared by the chief minister’s office, a round table discussion and one-on-one meetings will commence from 5.30pm on Friday and continue for about an hour.

During this time, captains of eight industrial units, including top PSUs, are scheduled to interact with Hemant.  First, Tata Group senior executives including Tata Steel chairman cum managing director T. V. Narendran, will be meeting the chief minister to discuss investment proposals.

On 28th August, the meet will start with the showcasing of the Jharkhand Industrial and Investment Promotion Policy 2021 followed by presentations on key highlights of the Electronics Manufacturing Cluster (Adityapur), the draft Jharkhand Electric Vehicle Policy 2021 and draft Jharkhand Ethanol Policy 2021. Additionally, videos on strengths of Jharkhand, Jharkhand Industrial and Investment Promotion Policy 2021 and EMC Adityapur will be shown to the attendees.

Chief Minister Shri Hemant Soren will preside the meet on both the days. Senior officials from the Government of Jharkhand including Chief Secretary, Additional Chief Secretary, Dept. of Revenue, Registration & Land Reforms, Development Commissioner, Principal Secretary, Dept. of Energy, Principal Secretary to the CM, Secretary to the CM, Secretary, Dept. of Industries and Mines & Geology will present the strengths of Jharkhand to prospective investors and showcase the various industrial policies.

The event is part of the effort to attract investments in the state to the tune of Rs 1,00,000 crores and generating employment opportunities for over 5,00,000 individuals with the aim of

promoting Jharkhand as an industrial hub for Electric Vehicles, Electronic Manufacturing, Ethanol and other High Priority sectors as Jharkhand Industrial and Investment Promotion Policy 2021.

This apart, representatives of firms dealing in textile, automobile, energy and breweries were also likely to be present at an interaction with Hemant later in the evening from 7.40pm.

An official said that day one will only have B2G (business to government) meetings followed by a networking dinner. “On Day Two, the summit will start from 11am,” he said. 

The state cabinet cleared the policy titled, Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021, on July 6. It replaces the policy prepared by the former BJP government that was in power in the state between 2014-19. The Hemant government aims to attract investments up to Rs 1 lakh crore as per the new policy.

Some of the key focus areas of the government under the new investment policy is to promote business opportunities in textile and apparels, automobile, auto-components and electric vehicles, food and meat processing, pharma, electronic system design and manufacturing, tourism, health, IT & ITeS, education and technical institutes and other MSMEs. 

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