Jharkhand rolls out red carpet for global, domestic investors

Jharkhand started single-window clearance system for industry proposals and simplified rules


The Jharkhand government has started a single-window clearance system for industry proposals and simplified rules for investors, Chief Minister Raghubar Das said today.

Offering red-carpet welcome for foreign and domestic players wanting to set up ventures in the mineral-rich state, the Chief Minister said a congenial atmosphere is awaiting investors in the State.

The BJP-led Government in the State is looking for large-scale investments and is organising the maiden 'Jharkhand Global Investors Summit' on February 15-16, 2017 in Ranchi.

Das, along with senior State Government officials, had a meeting with prospective investors from Andhra Pradesh and Telangana here as part of the roadshow for the summit.

Later, talking to reporters, he said, "We had one-to-one talks with investors and many of them have shown keen interest for investing in Jharkhand.

"I am confident that Jharkhand will see more and more investments. We have simplified the rules/procedures for investors resulting in speedy decisions. The Government has taken measures to make the system business-friendly and there is transparency. That is the reason Jharkhand has been ranked third among Indian states for ease of doing business." 

The Chief Minister said other states go after numbers, but Jharkhand will not quantify it's commitment in those terms and instead, focus on action-oriented leadership and handholding for investors by the administration.

During Das' visit, Jharkhand Government signed an MoU with Oracle for imparting IT ITeS skills training. Under the programme, the software maker, through its Oracle Academy, will train the faculty of educational institutes under the 'Train the Trainer' model.

Another MoU was signed with Shree Cement for setting up a cement grinding unit with an estimated investment of Rs 600 crore.

"Road infrastructure is good, state has surplus power, water is available in plenty, Jharkhand has land and huge natural resources. I welcome investors with red carpet.

"We have to write a new story for Jharkhand. Tell me if there is any report of corruption in the last 15 months of the BJP rule," he said.

The State Government has launched single-window clearance system and any investor intending to invest has to submit only one application, he said. "Every month I myself review the progress on MoUs signed and also on applications of investors to check if they are stuck at any level." 

Das said he directly reviews investments of above Rs 100 crore and added his Government is working on four sectors - industry, agriculture, IT and tourism - to ensure speedy development of the State.

The Dollar Business Bureau - Jul 21, 2016 12:00 IST