Momentum Jharkhand Investors Summit 2017

Momentum Jharkhand

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Press Release

Momentum Jharkhand delegation in Dongguan to strengthen trade and investment link

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Nov 30, 2016

Glimpses of meeting between Momentum Jharkhand delegation and Potential Chinese companies

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Mr Sunil Kumar Barnwal, Secretary, Department of Industries, Mines & Geology, Government of Jharkhand addressing the august gathering during the Seminar

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Mr Y K Sailas Thangal, Consul General, Consulate General of India, Guangzhou addressing the august gathering during the seminar

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30 November 2016, Donguan – Cruising ahead on their agenda to make Jharkhand ‘a preferred investment destination for investors’ Momentum Jharkhand delegation reached Dongguan to meet with potential investors and host India Business & Investment Promotion Seminar with Consulate General of India, Guangzhou.

The delegation led by Shri R K Srivastava, Additional Chief Secretary, Department of Energy, Government of Jharkhand. The delegation held business interactions with Dongguan-based large corporate groups with interest in electronic system design & manufacturing and machinery, among others. Chinese electronics companies both existing and new are firming up investment plans for Jharkhand in Electronic Manufacturing Cluster (EMC) at Adityapur near Jamshedpur.

Major Chinese electronics companies have shown interest in investing in Jharkhand electronics manufacturing space. Some of the companies have shown intend to sign a memorandum of understanding (MoU) with Government of Jharkhand for collaboration in the electronic system design and manufacturing segment. Chinese companies like Vivo, Huawei and Oppo have presence in India have shown willingness to expand business in Jharkhand. Among new companies, Shanghai HUAV Technology Co Ltd and China Southern Power Grid International Co. Ltd. are seen to be keen on investing in Jharkhand. These all companies will soon visit Jharkhand and explore partnership opportunity at forthcoming “Momentum Jharkhand” Global Investors’ Summit 2017 in Ranchi scheduled on 16 – 17 February 2017.

Shri R K Srivastava, Additional Chief Secretary, Department of Energy, Government of Jharkhand addressed a gathering of investors at a Seminar organized by Government of Jharkhand with the support of Consulate General of India, Guangzhou in association with China Council for the Promotion of International Trade (CCPIT), Dongguan. At this session, he raised awareness about the investment opportunities in Jharkhand as a powerhouse of India’s Manufacturing Sector (“Make in India”) and in priority areas such electronics and system design manufacturing (ESDM), food processing, metals sector, automotive sector, film industry, textile & apparels, tourism and others. Additional Chief Secretary, Department of Energy also deliberated various investment opportunities and key business reforms carried out in the recent past by Government of Jharkhand. The “Momentum Jharkhand” Global Investors’ Summit 2017 is aimed at establishing Jharkhand as a premier investment destination for both foreign as well as domestic investors. Shri Sunil Kumar Barnwal, Secretary, Department of Industries, Mines and Geology, Government of Jharkhand, made a detailed multi-sector presentation on investment opportunities in Jharkhand.

This visit ahead of the maiden Momentum Jharkhand Global Investors’ Summit in February 2017 comes in the wake of rapidly growing business and cultural ties between China and India.

While addressing the august gathering of leading industries and investors, Mr Sailas Thangal, Counsel General of India highlighted the opportunities offered by Jharkhand which is one of the leading investment destination in India. He also added that Jharkhand is one of the states which is contributing immensely to India’s growth story through its consistent growth over the period of time. This impressive growth rate of the industry has become a model of inclusive & sustainable development. He also highlighted that in the changing economic scenario, Jharkhand is one of the most pro – investment states in India. There is an opportunity for Chinese companies to tap into the technology solutions and manufacturing sectors in Jharkhand. Mr Zeng Minsheng, Chairman, China Council for the Promotion of International Trade (CCPIT), Dongguan highlighted that CCPIT is playing a central role in acquainting Dongguan companies about the opportunities of investing in India. CCPIT urged Chinese investors to participate in the Momentum Jharkhand Global Investors’ Summit 2017 in a big way.

The delegation explored the possibility and held discussions for a collaboration in electronic system design & manufacturing and technology, as Dongguan is a major manufacturing hub, largest industrial sector is manufacturing of electronics and communications equipment. Manufacturing is prosperous and with a strong tertiary industry in Dongguan.

Shri Sunil Kumar Barnwal invited Dongguan-based business leaders, investors, corporations, academicians and technologists to participate in the upcoming Momentum Jharkhand Global Investors’ Summit 2017, February 16–17, 2017, to be held in Ranchi. This two-day event will aim to showcase the strengths and industrial dexterity of Jharkhand, and provide a global platform for interaction with Indian industry leaders, policy makers, investors and other stakeholders.

From Dongguan, the delegation will move to Shanghai where the delegation will also hold a road show organized by the Consulate General of India – Shanghai wherein identified industries and investors have been invited. The delegation is also holding business interactions in Shanghai with key industries as well as trade bodies. This visit aims to uncover business and trade opportunities between Jharkhand and Shanghai, and identify major areas of synergy for business collaboration across the industrial, technology and knowledge domains.