Department of Industries organised a Stakeholders’ Meet on the draft Jharkhand Industrial and Investment Promotion Policy 2021 on 6th March 2021 at Taj Palace Hotel, New Delhi. 

The meet was attended by Hemant Soren, Chief Minister of Jharkhand. The delegation accompanying the Chief Minister comprised Sukhdev Singh- Chief Secretary of Jharkhand, Rajeev Arun Ekka- Principal Secretary to Chief Minister, Pooja Singhal- Secretary Industries, Jitender Kumar Singh- Director Industries and other officials.

In his welcome note, Jitender Kumar Singh, Director Industries said, “With 40% of the nation’s mineral reserves, Jharkhand- the Mineral State of India aims at rapid development by harnessing the location advantage with a proactive and investor-friendly Industrial Policy”. He also noted that the policy provides one of the best incentives packages anywhere in India.

Sukhdeo Singh, Chief Secretary Jharkhand in his address noted that “the Government of Jharkhand has planned the Stakeholders’ Meet to showcase the keenness and commitment of the Government of Jharkhand to partnering with industrial houses to create a win-win scenario while addressing a common gripe from the industry associations that they are not consulted at the stage of policy formulations”. 

Pooja Singhal, Secretary Industries gave a presentation on the key highlights of the draft Jharkhand Industrial and Investment Promotion Policy 2021. She explained the various focus sectors identified by the policy especially the high-priority sectors namely ‘textiles & apparel, automobiles, auto-components & electric vehicles, agro-food processing & meat processing, Pharmaceuticals and Electronics System Design & Manufacturing (ESDM)’. She also gave a brief overview of the key incentives offered in the policy including the Anchor Unit Subsidy, Early Bird Subsidy and Incentives on VAT/ GST.

Hemant SorenChief Minister, in his keynote address, highlighted the importance of such events in providing valuable opportunities for interaction with businesses and for the exchange of perspectives between the Government and industry. Explaining the urgency for a new policy, Soren remarked that 

“Covid-19 has created a crisis in industrial output and adversely affected the value chains. 

The more I travel to the interior areas and the more I interact with the people there, I get the feeling that the industrial sector needs some help to overcome the strain caused by an extended and unplanned lockdown”. He also noted that a sustained effort spread over a few years is required so that micro and small units can be pulled out of their marginal existence while mega and large units are propelled onto the global platform.

The session was attended by more than delegates and saw one on one meetings of the Hon’ble Chief Minister with big business houses including 

This meet saw a dedicated Question and Answer Session organised at the venue for the participants to directly interact with Chief Minister and accompanying officials. The Government of Jharkhand has signed an MoU with FICCI on the sidelines of the event. Textile being a high priority sector for the Government, a roundtable was also organized with the Apparel Export Promotion Council, and Garment Exporters and Manufacturers Association.

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