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Jharkhand Is Most Suitable for Business

Jharkhand is a new destination for business and industry, says Chief Secretary Rajbala Verma

Amresh Srivastava
Publish Date: Sep 6 2016 4:23PM | Updated Date: Sep 6 2016 4:31PM

Jharkhand Is Most Suitable for Business

In a bid to turn Jharkhand into a new destination for business and industry, Chief Secretary Rajbala Verma was in Delhi to host a show by the State Government aimed at mopping up investment and sign deals. She talks about the State’s plans and the response that this got


This is the third event organised after Bangalore and Hyderabad in Delhi. What is the response so far?


We have had two very successful Road-Shows for investment. The Road-Shows at Bangluru and Hyderabad were very successful so also the Road-Shows in Capital of the Nation – Delhi.


We had a session with potential investors with delegates across sectors from business houses, multinationals, corporate houses participating in the session.


One to one meetings also got very encouraging response we had HP, HCL, Samsung, Orient Craft, TCS Tech Mahindra to name a few showing keen interest with concrete proposals.


What is your core sector where you are expecting Investment?


The State of Jharkhand has investment potential and opportunities across all the sectors.


Availability of raw material, mineral base, besides the right kind of ecosystem have created high potential for investment in several sectors like -

• Mines and Mineral based Industries.

• IT and Electronics

• Automotive Engineering

• Housing

• Health

• Education

• Infrastructure development including Roads, Power etc


You have elaborated wide ranges opportunities right from mining to handicrafts with every system in place. How many MoUs could the State get so far apart from the two that were signed today?


The State of Jharkhand is ready for investment. We are making focused and determined efforts to facilitate investment. There are number of ready to invest projects like –

• Plastic Park at Deoghar

• Food park at Ranchi

• Electronic manufacturing cluster at Adityapur

• Automotive vendors’ park at Adityapur

• Apparel Park at Ranchi

• Green Field Smart City

• Housing

• Gems and Jewellery Park at Ranchi

• Aluminum Park at Mur.


Jharkhand is the richest State in terms of minerals. The kind of investment you are looking for roads thousands of skilled manpower is available in the State. How do you plan to deal with this?


Skilled manpower for investment in the State will not be difficult to get as the State has got many reputed institutes like XLRI at Jamshedpur, BIT (Birla Institute of Technology) Mesra, BIT Sindri, ISM (Indian School of Mines) Dhanbad and number of State-run Polytechnics and ITIs as also other privately run institutes. We are also doing lot of work in the skill development mission whereby we are going to train 20 lakh youth in five years.


Power Position has improved a lot in the past 15 months. You also targeted to achieve 20,000 MW by 2020 but do you plan to meet the power demand before 2020?


Jharkhand has immense potential for investment in Power Sector. We will be the power hub with the work that is happening in transmission and generation. We are putting up a plant with NTPC, also a new plant is proposed. With the availability of coal, water and land, this sector is ready for investment. We are also looking at expansion of grid network.


You have proposed many industrial parks, which would be spread across the State. How do you plan to meet the challenge of law and order especially that coming from Naxals?


The government is working for people in true sense. We are focusing on not only policing but also on the social sector. Yojana Banao Abhiyan, and grievance redressal system through Mukhya Mantri Jan Samvad are meant to strengthen the people’s faith in the Government. Apart from this, planned and strategic policing has effectively controlled the activities of Naxals. You must have not listened of any big incident or nuisance by these people. The un-interrupted ongoing developmental schemes also prove that such things are history now.


The Government has done tremendous job in road construction. But a lot more is needed since Jharkhand does not have much rail network. How will you facilitate the road network in the State to serve as its lifeline?


Transport sector is always a crucial requirement for the development of the State. We are building roads and in the last two years important road etwork has been put in place. We have also signed MoU with ADB for constructing Roads in the State. We got $200 million from ADB under MoU for strengthening the road infrastructure. For the Rail connectivity also we have formed a Joint-Venture with railways and identified the critical linkages. Work is going on in five important Rail corridors with the State also funding part of the project cost.


We are also working on air connectivity by participating in the regional connectivity scheme of the Civil Aviation Ministry.


Jharkhand, when it was part of Bihar, was better known for minerals and good education. After creation of the State more steps were taken to provide better education facilities to students. Do you have any plan to set up more and more educational institutions in coming days?


Higher Education and Technical Education require an exponential growth and we are working towards it. PPP mode, direct investment by private educational institutions is being encouraged. The State is open to Private Sector wanting to set up Colleges, Schools etc.


We have in the last six months got Private Universities like Amity, Pragyan etc.


The State has also stepped its efforts for setting up more Engineering, Medical Colleges and other educational institutes.


Can you sum up why should Jharkhand be preferred over other states for setting up industry and business?


The State of Jharkhand is most investment ready State with available Land Bank, Labour reforms and Single window clearances.


The investment campaign is campaign for development of the State. We recognise the fact that industrial development is also one of the key parameters for the development of the State and to develop the economy in which people can fulfil their aspirations. I have no doubts about the purpose, the strategy and the desired outcomes.


We have put in place very forward looking, efficient and dynamic policy frame work. We recognise that good policy framework as the hallmark of good governance. These are a signal for broader reforms and intent for reforms.


We understand that policies and reforms should lead to an overall case of doing business. You are aware that the State was ranked third by the Centre vis-a-vis ease of doing business, emphatically establishing that our policies have created the right ecosystem and framework for investment.