Jharkhand geared up to woo top investors

Ranchi, July 6 (IANS) Ranked third among the states for Ease of Doing Business in India last September, Jharkhand is now all set to attract investments.

The state government has constituted the Jharkhand Investment Promotion Board, which has as members Kumar Mangalam Birla, Gautam Adani, T.V. Narendran, Sajjan Jindal, O.P. Mittal, Rajiv Jhawar and other prominent industrialists of the country.

"The first meeting of the Jharkhand Investment Promotion Board will take place in Mumbai on July 8. The board members will work as brand ambassadors of Jharkhand to promote industrial environment and bring the investments," Sanjay Kumar, Principal Secretary to the Jharkhand Chief Minister, told IANS.

"The aim of the first meeting is to attract investments to the state. Suggestion on policies to bring investment will be invited. If there is any scope of making changes in the policy for facilitating investment then it will be discussed," he said, adding, "The meeting will also discuss the proposed Global Investors Submit to be held in February 2017."

"The aim is now to send a message that Jharkhand is a good destination for the investors. Jharkhand has achieved a milestone as far as formulation of polices are concerned. The focus is now to translate the policy into reality," Kumar added.

In the last one year the state government has taken several measures to woo the investors. The ‘Single Window’ system, for example, has been made operational. Paper work has been reduced to a minimum to make things simpler for the investors.

According to sources in the industries department, the state government is aiming at value addition to industries of mines and mineral.

The government will organise road shows in Bengaluru, Hyderabad, New Delhi and other key cities of the country and abroad before the Global Investors meet.