Ranchi, Feb 16: Terming Jharkhand as a land of immense potential, Chief Minister Raghubar Das today said the state is rich in natural resources like coal and minerals and striving to become a developed state in the country.
“Jharkhand as a young state of India is striving to become one of the developed and prosperous states of India. It is a land with immense potential,” Das said while addressing the inaugural session of the first Jharkhand Global Investors’ Summit here at Khelgaon.
The CM said that Jharkhand was one of the richest mineralized regions in the world possessing 40 per cent of mineral resources of the country.
“Though we are known for our rich mineral deposits and steel and automobile Industry, I feel our biggest assets are our people. Nearly 60 per cent of our population is between 15 and 59 years of age,” he said.
“The gross state domestic product growth rate (at a constant price) is 12.1 per cent and the growth rate of per capita income is 11.10 per cent. This demonstrates that Jharkhand is the fast emerging economy in the country,” he said.
Stating that Jharkhand ranks number one in terms of coal reserves and number two in iron ore reserves of the country, the chief minister said the state contributed 25 per cent of the overall steel production in the country and in Tasar silk alone the contribution was 62 per cent of the overall production of the country.
“We are also leading producer of farming products like tomato and peas. We are the fifth largest recipient of FDI among all other states and we are among the leading states in the ease of doing business in India,” he said.
The CM said that Jharkhand will be organizing its next Global Investors’ Summit in 2019-20. He also made an announcement to hold the ‘Pravasi Jharkhandi Sammelan’ from November 28 to 30 next year.
Das said that the inspiration to organize the event from Prime Minister Narendra Modi’s flagship project “Make in India”. “We began our first promotional initiative to showcase Jharkhand as a preferred investment destination in February last year during Make in India week.
The global investment summit is the culmination of a series of promotional shows that we have been doing over the months,” he said, adding that this day of 16th February is also very important as on this day one hundred and five years ago, the first ever steel ingot of the country was produced in Jamshedpur on 16th February 1912.
The CM maintained that the state is using an enabling policy framework, responsive administration to bring in transformation in Governance and in execution of programs. “To simplify the investment and its regular monitoring, we have Online Single Window System, We are moving towards becoming paperless government,” he said.
Das further added, “We have formulated 16 new policies, to name a few are Jharkhand Industrial and Investment Promotion Policy, Automobile and Auto component policy, IT Policy, BPO Policy, ESDM Policy, Start Up policy, Food Processing policy, Textile Apparel and Footwear Policies, Feed processing Policy, Industrial park Policy, Film Policy etc. Jharkhand has been no. 1 in terms of labour reforms for last two years.
I would also like to share that Jharkhand is 3rd state which has adopted GST and we are ready for its implementation.”