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Jharkhand woos investments for urbanization

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Hyderabad/Ranchi, July 20: Chief Minister, Raghubar Das on Wednesday emphasized that the government is totally committed to protecting and securing the well being of investments, public life and property.  

“We whole heartedly welcome the investors from Hyderabad to come to Jharkhand and invest in the state which has huge scope and potential.  Through various responsive governance initiatives, we have ensured perfect industrial harmony in the state.  The DIPP assessments on business reforms prove our unparalleled progress on labor reforms.

It is testimony to the culture of the state’s people and their outlook towards organized systems of livelihood.”

In a bid to boost the ‘Make in India’ initiative of Prime Minister Narendra Modi  and to develop high value investment opportunities in Jharkhand,  Chief Minister Raghubar Das said that the state government will hold the maiden ‘Jharkhand Global Investors Summit’ on February 15–16, 2017 in Ranchi.

Discussing the outline of the summit, he said that it aims to establish Jharkhand a premier investment destination for both foreign as well as domestic investors on the basis of a strong macro-economic system and equitable and sustainable growth. It is envisioned to be a platform for new ideas and innovations for future investment opportunities.

It also aims to enhance livelihood opportunities for the people of the state. The government has ensured that these opportunities are adequately presented to prospective investors in the form of a shelf of projects publication, representing the ‘low hanging fruits’ that early bird applicants can get on board with.

The Chief Minister reiterated that while other states go after numbers, Jharkhand will not quantify it’s commitment in numbers but with action oriented leadership and handholding for investors by the administration.

It is remarkable that the Government of Jharkhand today pitched opportunities to invest in the state’s diversifying economic landscape. A highlight of the day long road show here was the signing of an MoU with Oracle for imparting IT–ITeS skills training through ‘Oracle Academy’ and an MoU with Shree Cement which will attract 600 crores of investment for a cement grinding unit.

A series of detailed presentations by government officials took the audience through the government’s priorities and preparedness to absorb investments in areas such as energy, healthcare, urbanization centered on a smart city vision, higher education and skills development.

Chief secretary Rajbala Verma said that the state is gaining momentum in the capable leadership of Chief Minister Rahgubar Das.

Additional chief secretary, Department of Energy, R. K. Srivastava said that with abundance resource and the steadily improving macro-situation in the energy sector, the government is confident about achieving the status of the country’s energy hub by 2019.

A total of 12.3 GW of additional capacity is intended to be installed by 2018, with the Government of Jharkhand responsible for over 11 GW. On the renewable front, the Jharkhand State Energy Policy- 2015 intends energy capacity addition of over 2.6 GW by 2019.

While presenting the state government’s view on Healthcare and Higher Education, additional chief secretary, Department of Health K. Vidyasagar focused on tangible low hanging fruits in institutional development.

He said that while primary health indices of Jharkhand have seen steady improvement over the years, the state is keen to set up super-specialty hospitals, medical colleges, food and drug testing laboratories, nursing colleges, paramedical institutes and other health services under PPP model fortified with well planned and focused incentives.

Ajoy Singh, secretary, Higher & Technical Education, said, “Jharkhand has a population of 33 million, with over 40 percent under the age of 14 years, and over 70 percent under 35 years. With promising demographic potential and a network of highly reputed education and research institutions, the industrial and socio-economic future of Jharkhand is bright. We intend to strengthen our reputation through investments in institutional development and capacity building, for which there is great demand.”

Under the program, Oracle will train the faculty of educational institutes under ‘Train the Trainer’ model. Oracle will also provide   necessary teaching material and software to teach both the faculty and the students.  

The Government of Jharkhand, on the other hand, will assist institutes to develop and maintain the requisite infrastructure under the guidance of Oracle.

This partnership is envisaged to increase the availability of IT human resources in the state and hence trigger technology enabled innovation, entrepreneurship and industrial growth.

On this occasion, a special address was delivered by Shailendra Kumar, chairman and managing director, Oracle India.

He commended Chief Minister Raghubar Das’s hands on approach towards sunrise sectors and his urge to see the state advance on the human resources front. He said, “We have a lot of confidence in the Chief Minister’s ability and together we are going to create a state where citizens are empowered and the quality of life improves.”

Shree Cement’s managing director H. S. Bangur congratulated the Chief Minister on his endeavor to proactively reach out to the investors across India and abroad. He expressed hope that Shree Cement will contribute in the progress of the state. After signing the MoU he also shared his experience with the state and appreciated the effectiveness of its Ease of Doing Business model for investment.

Sunil Bhaskaran, chairman of JUSCO (Jamshedpur Utilities and Services Company), was persuasive in his experience sharing, emphasizing the clarity of the smart city vision for capital Ranchi. “When it comes to states competing to realize a smart city, I believe Jharkhand is a winner.  

There are ample opportunities in the areas of infrastructure and real estate, health, education, housing and hospitality among others. The integral nature of imperatives such as quality water and electricity supply, solid waste management system, scientific sewerage and drainage systems, IT connectivity, digitization and e-governance offers scope for big ticket investments in an emerging realm distinct from mining.”

Srinivas Koppolu, CEO and managing director, Tata Business Support Services, spoke of the detailed planning that had gone into building up the service sector ecology. “The results of this careful planning are fast materializing, and I’m confident that the state’s urbanization process is on the right track. This is a crucial project for Eastern and Northeast India. I am very happy with the talent that is available in the state. The commitment and productivity is a positive sign,” he said.

The flagship event of the “Momentum Jharkhand” campaign is scheduled to take place in Delhi on August 4, 2016.
Focus sectors of Jharkhand Global Investors Summit 2017 include automobile and auto components; energy Infrastructure; electronic systems design and manufacturing (ESDM); agriculture, food and food processing; forests and environment; healthcare and medical education; industrial infrastructure; mines and minerals; education and skill development; smart city – Ranchi; textiles and tourism.

Advantage Jharkhand:

Holding 40% of India’s natural mineral reserves, Jharkhand is the backbone of the “Make In India” mission
Jharkhand ranks 3rd among Indian states in terms of Business Reforms Implementation With its GSDP growing at a CAGR of 10.5% from 2005 to 2015, Jharkhand is eastern India’s second fastest growing economy ‘Digital Jharkhand’ – the first state in India to have State Wide Area Network (SWAN) under national e-Governance Plan Human Resource Hub: Home to several premier institutes like XLRI and NIT Jamshedpur, IIM Ranchi, Indian School of Mines Dhanbad, BIT Mesra, etc.

Jharkhand is among India’s most important human resource hubs.

Additional chief secretary, Department of Finance, Amit Khare, principal secretary, UDD, Arun Kr. Singh, Industry secretary Sunil Kr. Burnwal along with senior officers and dignitaries of various industries were present in the conclave.

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