Raghubar Das urges NRIs to invest in Jharkand

Raghubar Das, the Jharkand chief minister has appealed to Indian Americans to invest in the state of Jharkand, calling especially upon NRIs from Jharkhand to be partners in the development of the state that has since its creation 15 years ago failed to realize its full potential thanks to political instability.

At an investment road show at the Taj Pierre Hotel in New York on September 28, Das noted that “Prime Minister Narendra Modi has always said ‘Make In India’ but ‘Make in India’, actually started with ‘Make in Jharkhand by Jamshedji Tata way back in 1907 with the founding of the Tata Steel plant which then was the largest private sector investment in Asia.

The New York luncheon meeting, “Investment Opportunities in Jharkhand”, hosted by the USIBC and CII, was attended ,among others, by industrialist Prakash Hinduja, and some NRI entrepreneurs from Jharkhand, a few of whom expressed interest in setting up solar projects in the state.

On 29th September 2016, the Chief Minister addressed a gathering of investors at a roadshow organized by Govt. of Jharkhand in support of National partner Confederation of Indian Industries (CII) in association with US India Business Council (USIBC). At this session, the Chief Minister raised awareness about the investment opportunities in Jharkhand as a powerhouse of India’s Manufacturing Sector (Make in India) and priority areas like, food processing, metal sector, Automotive sector, film industry, textile & apparels, tourism and others. Hon’ble Chief Minister also deliberated various investment opportunities and key business reforms carried out in the recent past by his government. The Summit is aimed at establishing Jharkhand as a premier investment destination for both foreign as well as domestic investors. Shri Sunil Kumar Burnwal, Secretary, Dept. of Industries, Mines and Geology made a detailed sectoral presentation on the investment opportunities in Jharkhand.

The Chief Minister had a series of one-one meetings with investors and interacted with entrepreneurs from Clutch Group, Medtronic, Gilead Sciences, Claudio Lilenfeld, etc. who are looking for high growth consumer markets. Healso met with members of American Association of Physician of Indian origin (AAPI). Shri P.P. Hindhuja Chairman Hinduja Group expressed interest to set up commercial vehicle assembly unit in Jharkhand and representatives of the group will visit Jharkhand in October 2016 to explore further in this proposal. Simile Train, a NGO, working in health sector also met the delegation and assured that they will further strengthen their presence in Jharkhand.Hon’able Chief Minister also met the president and other officer bearers of Bihar Jharkhand Association of North America.

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