Wednesday, November 29, 2023

Momentum gathers for Global Investors’ Summit in Ranchi

Jamshedpur : Industry leaders in mineral-rich Kolhan region are hopeful that the maiden Global Investors� Summit (GIS) in Ranchi on February 16-17 will create investment opportunities.

The two-day Global Investors’ Summit, to be held Ranchi on February 16-17, will witness participation of around 900 entrepreneurs from Adityapur industrial area, the largest industrial hub in Asia. According to information about 900 have registered their names for participation. Apart from registration from entrepreneurs, 50 industrial units under the Adityapur Industrial Area Development Authority (AIADA) are putting up stalls at the much awaited business summit.

Naresh Nagelia, a city based entrepreneur, said that State government should work on a rehabilitation and resettlement (R&R) policy to help the industry acquire land smoothly. Besides, the Government should also process mining licences for raw materials such as iron ore and coal, key to steelmaking.

He said that there are several projects lying in limbo because there are hitches land acquisition. It is not only a matter of investment but the proceeds of the same could have been utilized in transforming the underdeveloped Adityapur into developed zone besides, the government too, had earned handsome revenue.

Former president of Adityapur Small Industries Association S.N. Thakur is pinning hopes that the new proposals will grow with faster speed.

But, most important aspect of the mega business event of the participation of Tata group of companies which is going to make an impressive participation. The steel major and its associate companies are going to put up a stall in an exhibition at the Global Investors’ Summit.

Revealing about the participation of the entrepreneurs, the AIADA secretary Hari Kumar Keshri said 50 stalls are being put up by the entrepreneurs operating in Adityapur.

“As per our plans majority of the 50 stalls to be put from Adityapur industrial hub will be from the Adityapur Small Industries Association (ASIA), but several of them will also be put from the medium and large scale units operating here,” said Keshri. He said that they industrialists should make the best use of the opportunity and make honest efforts to woo the international market to garner more returns.

A Tata Steel official said they are going to participate in the summit as a group of Tata companies, which include Tata Motors Ltd, Tinplate India Ltd and Tata Growth Shop beside Jusco which is a subsidiary of the steel major. Tata Steel is putting up a stall in the exhibition at the Global Investors’ Summit.

The Global Investors’ Summit – Momentum Jharkhand- which will kick off on February 16the Mega Sports Complex in Hotwar during which scores of corporate houses, entrepreneurs working in both manufacturing as well as the service sectors are expected to participate.

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