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Momentum Jharkhand

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Startup & Entrepreneurship

Momentum Jharkhand

Being ranked as one of the best performing states in business reforms by Department of Industrial Policy and Promotion, the government of Jharkhand has launched its investment promotion campaign, ‘Momentum Jharkhand’.

Raghubar Das, chief of Jharkhand, said, “Jharkhand, in a sense, is the backbone of the Make in India mission, since it holds 40 per cent of India’s natural mineral wealth and on track to become the country’s power hub by 2019.”

“It is my privilege and responsibility to work in tandem with our Prime Minister on his government’s vision for Sabka Saath, Sabka Vikaas,” he added.

The startup dialogue was held Tuesday night in Bangalore, which was followed by a roadshow on Wednesday. In the next leg, the CM would also be travelling to Hyderabad tomorrow to drive more investment for his state.

Chief Minister Das has organised the maiden ‘Jharkhand Global Investor Summit’ on 15–16 February 2017 in Ranchi. The summit aims to establish Jharkhand as a premier investment destination for both foreign as well as domestic investors basis macroeconomic system through equitable and sustainable growth and provide a platform for new ideas and innovations for future investment opportunities.

The Chief Minister further emphasised, “The DIPP assessments on Business Reforms prove our unparalleled progress on labour reforms. It is a testimony to the culture of the State’s people and their outlook towards organised systems of livelihood.”

On the occasion of this road show, the Jharkhand government has signed a MoU with Cisco to impart networking training to the students of engineering colleges, polytechnics and degree level Institutions in Jharkhand through the Cisco Networking Academy Program to increase the availability of skilled networking resources from within the state.

Chief Secretary  Rajbala Verma added, “We have ensured that the most investment-ready opportunities are adequately presented to prospective investors in the form of a ‘Shelf of Projects’ publication. It represents what we can call the low hanging fruits that early bird applicants can get on board with. The project categories spanned across the spectrum of focus sectors.”

Urban Development and Housing Secretary Arun K. Singh admired how the proposed green field smart cities in Ranchi and Barhi promise to speed up urbanisation in the state while ensuring sustainability through comprehensive planning.

“Investors should be equally enthusiastic about the services sector which would form the urban ecology. The sector has kept up pace. Its share of contribution to the GSDP has grown from 33 percent in 2004-05 to about 49% in 2015-16.”

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