Momentum Jharkhand Investors Summit 2017

Momentum Jharkhand

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Press Release

Hyderabad Roadshow

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Jul 20, 2016

Jharkhand woos investments for smart urbanisation,

inks MoUs for skilling and infrastructure investments

The state’s Hyderabad road show exhibited a clear intent to pitch investment opportunities in its diversifying economic landscape across sectors

Hyderabad, July 20, 2016: The Government of Jharkhand today pitched opportunities to invest in the state’s diversifying economic landscape. A highlight of the day long road show here was the signing of an MoU with Oracle for imparting IT–ITeS skills training through ‘Oracle Academy’ and an MoU with Shree Cement which will attract 600 crores of investment for a cement grinding unit.

Under the program Oracle will train the faculty of educational institutes under the ‘Train the Trainer’ model. Oracle will also provide the necessary teaching material and software to teach both the faculty and the students.  Government of Jharkhand on the other hand will assist institutes to develop and maintain the requisite infrastructure under the guidance of Oracle. This partnership is envisaged to increase the availability of IT human resources in the state and hence trigger technology enabled innovation, entrepreneurship and industrial growth. On the occasion, a special address was delivered by Mr. Shailendra Kumar, Chairman & Managing Director, Oracle India. He commended Chief Minister Mr. Raghubar Das’s hands on approach towards sunrise sectors, and his urge to see the state advance on the human resources front. He said, “We have a lot of confidence in the Chief Minister’s ability and together we are going to create a state where citizens are empowered and the quality of life improves.

Shree Cement’s Managing Director, Shri. H. S. Bangur congratulated the Chief Minister on his endeavor to proactively reach out to the investors across India and abroad. He also established confidence in the state to be a partner in Shree Cement’s progress. Upon signing the MoU he also expressed his experience with the state and appreciated the effectiveness of their Ease of Doing Business model for investment.

A series of detailed presentations by government officials took the audience through the government’s priorities and preparedness to absorb investments in areas such as energy, healthcare, urbanization centered on a smart city vision, higher education and skills development.

Given Jharkhand’s resource abundance and the steadily improving macro-situation in the energy sector, the government is confident about achieving the status of the country’s energy hub by 2019. A total of 12.3 GW of additional capacity is intended to be installed by 2018, with the Government of Jharkhand responsible for over 11 GW. On the renewable front, the Jharkhand State Energy Policy 2015 intends energy capacity addition of over 2.6 GW by 2019.

The presentations on healthcare and higher education focused on tangible low hanging fruits in institutional development. While primary health indices of Jharkhand have seen steady improvement over the years, the state is keen to set up super-speciality hospitals, medical colleges, food and drug testing laboratories, nursing colleges, paramedical institutes and other health services under PPP model fortified with well planned and focused incentives.

Mr. Ajoy Singh, Secretary, Higher & Technical Education, said, “Jharkhand has a population of 33 million, with over 40 per cent under the age of 14 years, and over 70 per cent under 35 years. With promising demographic potential and a network of highly reputed education and research institutions, the industrial and socio-economic future of Jharkhand is bright. We intend to strengthen our reputation through investments in institutional development and capacity building, for which there is great demand.”

Mr. Sunil Bhaskaran, Chairman of JUSCO (Jamshedpur Utilities and Services Company) was persuasive in his experience sharing, emphasizing the clarity of the smart city vision for capital Ranchi. “When it comes to states competing to realize a smart city, I believe Jharkhand is a winner.  There are ample opportunities in the areas of infrastructure and real estate, health, education, housing and hospitality among others. The integral nature of imperatives such as quality water and electricity supply, solid waste management system, scientific sewerage and drainage systems, IT connectivity, digitization and e-governance offers scope for big ticket investments in an emerging realm distinct from mining.”

Mr. Srinivas Koppolu, CEO & Managing Director, Tata Business Support Services, spoke of the detailed planning that had gone into building up the service sector ecology. “The results of this careful planning are fast materializing, and I’m confident that the state’s urbanization process is on the right track. This is a crucial project for Eastern and Northeast India. I am very happy with the talent that is available in the state. The commitment and productivity is a positive sign”

The Chief Minister reiterated that while other states go after numbers, Jharkhand will not quantify it’s commitment in numbers but with action oriented leadership and handholding for investors by the administration.

The flagship event of the “Momentum Jharkhand” campaign is scheduled to take place in Delhi on August 4, 2016.