Mumbai | Sept 20, 2016: The Government of Jharkhand today held its seminal investment promotion roadshow in association with the Confederation of Indian Industry (CII) in the city, under the banner “Momentum Jharkhand Global Investors’ Summit 2017”. It was the campaign’s second rendezvous with Mumbai following the maiden meeting of the Jharkhand Investment Promotion Board in July this year. JIPB is a special body for planning and executing strategies to enhance Jharkhand's position as a global business centre.
In his opening remarks, Shri Ninad Karpe, CMD – Aptech Ltd commended the Government of Jharkhand for boosting the brand visibility of the State through a strong focus on cluster-centric approach for sustainable industrial diversification.
Shri Seshagiri Rao, Joint Managing Director and Group CFO, JSW Group, expressed confidence in Jharkhand’s industrial diversification plan while further strengthening its core sectors of mining, metallurgy and energy. “The four prime determinants of investor confidence are – factors of production, comprehensive connectivity for supply chains, ease of doing business and security and safety – I am happy that the Government of Chief Minister Shri Raghubar Das is strongly focused on these four key factors. We will invest in a steel plant of 10 MTPA with 35,000 cr – with a perspective expansion to 300 MTPA output in 10 years. Also, we will set up a captive power plant. This project will boost Jharkhand’s share in national steel production from the present 17%,” he said.
Shri T.V. Narendran, Managing Director, Tata Steel (India & S.E. Asia) emphasised the key role Jharkhand plays in boosting global investments in India’s exploration and mining sector with the primary objective of achieving greater efficiencies. “Industries Secretary Mr Barnwal did well to mention that the time the foundation of India’s first steel plant, the backbone of Make in India was being conceived, around the same time, this hotel in Mumbai was being conceived by Tata Group’s founder JN Tata. Jharkhand already has an international presence. Our investments in the State involve joint ventures with the most established steel companies in Japan and Australia. Jharkhand is rich in minerals, but is richer in human resources. What better to have an ecosystem that houses the Indian Bureau of Mines and knowledge hubs such as XLRI. Jharkhand is increasingly creating hope and excitement for Eastern India, in a highly competitive ecology involving East and Southeast Asia. As someone with more than 100 years of experience in the region, we are convinced that this is the best time to invest in Jharkhand,” he added. Shri Suman Bose, MD & CEO of Seimens Industry Software, “With a childhood in Deogarh and being an alumnus of XLRI Jamshedpur, this is homecoming for me. I am convinced that India’s growth agenda is pivoted on the imperative of inclusive empowerment through skilling and livelihood creation. We are contributing by building integrated systems for training and certification across a diverse array of sectors of Jharkhand, including heavy industry and manufacturing. What surprised me was the speed and enthusiasm with which the Government of Jharkhand reached out to us and closed the loop at every step.”
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