Momentum Jharkhand Investors Summit 2017

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Press Release

Government of Jharkhand at Las Vegas to Woo Investors Caterpillar Pvt.Ltd. proposed manufacturing unit in Adityapur

Sep 27, 2016


Momentum Jharkhand Investors Summit 2017Las Vegas (USA):Pushing ahead on his agenda to make Jharkhand ‘the global destination of choice for investors’ Jharkhand CM Mr. Raghubar Das and his business- savvy team reached Las Vegas to attend MIN Expo 2016 (Mining Expo), where the state has a dedicated pavilion. US whistle – stop tour of Mr. Das and his Team has an agenda for exploring foreign investor potential for Jharkhand.

At MIN Expo 2016(Mining Expo), CM and his delegation met Mr. Scott Phillips, CEO of GE Mining, Chicago, Mr. Sean McLanahan, CEO of Hollidaysburg Pennsylvania, USA and Mr. Rahul Jain, Business Head of Surface Mining and Technology of Caterpillar Pvt. Ltd.

During the interaction session, State delegation had a detailed discussion with Mining Tycoons. At MIN Expo (Mining Expo), Jharkhand Pavilion, Caterpillar Pvt. Ltd. proposed setting up of a mining equipment manufacturing unit in Adityapur, Jharkhand.

During the session, Chief Minister Mr. Raghubar Das said “that Jharkhand is ushering in an era of industrial growth and is geared up to showcase its enormous potential to the national and international investment communities in order to attract suitable investments—and the MIN Expo in this scenario is a platform to lure investors who will become long term partners in the burgeoning development of one of India’s youngest states, which has over 40 per cent of India’s mineral reserves.

The state accounts for 27 per cent of national coal reserves and 26 per cent iron ore besides others, he added.” While detailing the investors Ms. RajBala Verma Chief Secretary of Government of Jharkhand said, “So far the government has held fruitful road shows in Bengaluru, Hyderabad, Delhi, Kolkata and Mumbai. During the road shows, Jharkhand Government signed some crucial agreements with global corporations like CISCO and Oracle to impart skilling to prepare for the technology leveraged future , Two MoUs were also signed with global technology major Hewlett Packard for e-healthcare and tele-education.

Mrs. Verma further added that, during this US Sojourn Government of Jharkhand is looking to seal collaborations with leading organizations & industrial institutions of commerce and trade bodies with the objective of boosting American familiarization with and investment in Jharkhand. The expo would be followed by a visit to San Francisco where the delegation is scheduled to visit Hewlett Packard Enterprise with which memoranda of understanding were recently signed in the areas of tele-education (virtual classrooms) and IT enabled primary healthcare. All this orchestrated lobbying is aimed at culminating in a sizeable attendance at Jharkhand’s maiden global business meet— The Momentum Jharkhand Global Investors Summit, scheduled to take place in state capital Ranchi, on 16-17th February 2017.

Chief Minister Mr. Raghubar Das, Chief Secretary, Mrs. RajBala Verma, Additional Chief Secretary cum Development Commissioner Mr.Amit Khare, Addl. Chief Secretary, Energy Mr. R.K. Srivastava, Principal Secretary to CM Mr. Sanjay Kumar and Secretary Mines-geology and Industries Mr. Sunil Kumar Barnwal and other state delegates are in USA for 5 days intense tour to woo the investors.

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