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Jharkhand ropes in corporate captains to enhance ease of doing business

| | 11 Jul 2016, 04:01 pm
Mumbai, July 11 (IBNS): The Government of Jharkhand held the inaugural meeting of the Jharkhand Investment Promotion Board (JIPB) in India’s financial capital, Mumbai.

With the Chief Minister, who is also the Chairman of the Board, the Board comprises at least ten industry representatives nominated by the Government – with due focus on priority sectors such as food processing, energy, automobile, IT-ITeS, tourism, infrastructure development, healthcare and education.

Chief Minister of Jharkhand Raghubar Das, who is also in charge of the Industries department, said in his opening remarks, “While we are very happy and enthusiastic about our accomplishment in instituting DIPP’s Business Reforms desirables, we call upon industry representatives to reflect on these systems in a frank and forthright manner, so that we can completely iron out discrepancies and make them more responsive, robust and long term. We aim to ace the systems compliance agenda and will also strive to bring the most promising investment proposals to Jharkhand. Investors are our partners in progress and this partnership, I believe, will be meaningful when it shapes up appropriately at the conception stage.

"Jharkhand is the fastest growing economy in Eastern India. Throughout the 15 month term-to-date of the state government, there has been no major law and order issue and in next 4 to 5 years Jharkhand will be a completely different state.  All our sector specific policies are in place and are dynamic and flexible,” the Chief Minister added.”

Speaking on the occasion, Tom Albanese, Group CEO, Vedanta Resources emphasized the need for the State to drive its own technical capabilities in order to scale up through intelligent investment in research and development.

He said the State should be proactive in participating in global mining conclaves to woo new investors.”

Rajesh Adani, MD, Adani Group, stressed the need for positive branding of the State which has been brought to such an unprecedented position by the decisive leadership of the Chief Minister.

T V Narendran, MD, Tata Steel said, "Make in India actually began in Jharkhand with Tata Group’s pioneering investments. DIPP’s recognition of the State’s business reforms has been a great turning point in the perception.  The leadership of the Chief Minister has been very decisive and responsive, and this has contributed to the brand in an unprecedented way. The governance stability that has been ensured and endured has been a clear winner. The Government needs to now reach out aggressively to the capital equipment manufacturing sector from China, Japan and Germany for investments that would fuel growth of mineral rich Eastern India in general and Jharkhand in particular.”

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