Wednesday, February 25, 2026

Singhbhum Chamber Welcomes Jharkhand Budget

SCCI Urges Faster Industrial Growth and Airport Progress

Jamshedpur, Feb 24 (Mail News Service) — The Singhbhum Chamber of Commerce and Industry (SCCI) has officially responded to Jharkhand’s ₹1.58 lakh crore Budget for 2026–27. While the Chamber praised the government’s commitment to the social sector, it issued a strong call for urgent reforms in land banking, industrial infrastructure, and air connectivity for Jamshedpur.

SCCI Applauds Focus on Rural and Social Security

Chamber President Manav Kedia lauded the budget’s focus on the “Abua Dawakhana” initiative and agriculture. Key highlights welcomed by the Chamber include:

  • Healthcare Expansion: The establishment of 750 new health centers and a ₹200 crore allocation for cancer treatment.
  • Education & Welfare: Plans to upgrade Sadar hospitals into medical colleges and the continuation of farm loan relief.
  • MSME Support: Specific provisions aimed at promoting small and medium enterprises.

However, Kedia emphasized that the state must look inward for revenue. “Starting registry in the Tata Lease Area could substantially boost the state’s internal revenue,” he noted.

Demand for Large-Scale Land Banks and Industry 2.0

Honorary General Secretary Puneet Kanwatia highlighted a critical gap in the state’s industrial strategy: the lack of consolidated land.

“The government must stop offering fragmented plots. We need a robust land bank policy that provides 400–500 acres at a single location to attract major players,” Kanwatia stated.

Vice President Advocate Rajeev Agarwal echoed these sentiments, expressing disappointment that several pre-budget suggestions regarding tax simplification and professional tax reforms were overlooked.

Key Concerns: Airport and Connectivity

Despite the “inclusive” nature of the budget, prominent members raised concerns regarding Jamshedpur’s infrastructure:

  • Air Connectivity: Member Rajesh Agarwal Ringsia voiced frustration over the lack of provisions for a dedicated Jamshedpur airport.
  • Tourism: Vice President Harsh Bakrewal urged the government to tap into the underutilized tourism potential of the Kolhan region.
  • Fiscal Health: Members Piyush Goyal and Anshul Ringsia noted that while the 5% health allocation is a win, the state must ensure scientific and transparent utilization of its mineral wealth.

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