Cisco, Jharkhand Govt Sign MoU; State To Woo More Investors

by Saumya Soman    Jul 20, 2016

investment

The Government of Jharkhand formally launched its investment promotion campaign “Momentum Jharkhand” in the city. The state was ranked among the best performing states in business reforms, based on an evaluation by the Department of Industrial Policy and Promotion. 

“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,” the Chief Minister said in his address. “It is my privilege and responsibility to work in tandem with our Hon’ble Prime Minister on his Government’s vision for Sabka Saath, Sabka Vikaas. My government’s policies are in sync with those of the Government of India, in that we truly work as a team with unity of purpose,” he added.

The Chief Minister emphasized that his government was totally committed to protecting and securing the wellbeing of investments, public life and property. Ever since the incumbent government came to power in December 2014, there has been not a single major incidence of industrial conflict. “Through highly responsive governance systems, we have ensured near perfect industrial harmony. The DIPP assessments on Business Reforms prove our unparalleled progress on labor reforms. It is testimony to the culture of the State’s people and their outlook towards organized systems of livelihood”, the Chief Minister said.

“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,” added the Chief Secretary Rajbala Verma. Industry Secretary Sunil Kumar Barnwal made a crisp presentation on the investment opportunities in Jharkhand.

Urban Development and Housing Secretary, Arun K Singh spoke on the state’s “smart city” agenda. The proposed greenfield smart cities in Ranchi and Barhi promise to speed up urbanization 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 per cent in 2004-05 to about 49 per cent in 2015-16.”

“The proof of the pudding lies in eating it. Jharkhand’s single window system is one in every sense of the word. Investors are assured that they would never require escalating matters or visiting any other department. The State Investment Promotion Board is an excellent consultation platform to provide strategic inputs to the top echelons led by the Chief Minister’s Office. It is my firm belief that Momentum Jharkhand Global Investors Summit, 16-17 February 2017, will be a watershed in Jharkhand’s future, as well as Eastern India’s,” said Dr Devi Prasad Shetty, Chairman, Narayana Health while sharing his experiences.

On the occasion of this roadshow, Government of Jharkhand signed an 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.

Jharkhand

Image caption: Eminent personalities graced the signing of the MoU between Government of Jharkhand and Cisco India