Thursday, March 19, 2026
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State govt to scrap MoUs signed in past two years: Industry secy

Kolkata, March 14: In a bid to attract greater volume of investments, Jharkhand has rolled out red carpet for investors, said Sunil Kumar Barnwal, Secretary, Department of Industries, Mines & Geology, Jharkhand, on Tuesday.

�We have constituted a dedicated team to support investors on a fast track basis. To support the investments we are heavily investing in upgrade of overall infrastructure of the State including all the regions of the state,� Barnwal told a large assembly of senior industry members at a session on �Momentum Jharkhand� organized by CII Eastern Region here today coinciding with its Annual Regional Meeting.

�We have also formed a team to ground the MoUs which have been signed by the government in the last two years,� he said, adding that the State Government is determined to take Jharkhand to new heights through the active participation of people of the state and the Government machinery. �I invite you all to participate in this journey towards prosperity & well-being of the people of Jharkhand,� he said.

According to Barnwal, innovation is the key success factor for start-ups. �We are encouraging startups in the state by creating an ecosystem that supports and nurtures new ideas and innovation and entrepreneurial spirit.�

�Jharkhand is ranked as the 5th highest receiver of Foreign Direct Investments (FDI) in 2015, in a ranking of top FDI earning states in India, reaffirming its position as one of the most favorable investment destination.

Since its creation in 2000, Jharkhand has got a stable government for the first time,� said the senior bureaucrat.

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