Jharkhand signs 8 investment pacts worth Rs 5,000 crore

Jharkhand Government today said it has signed eight agreements with investment commitments of over Rs 5,000 crore in a range of sectors during a road show here and will now tap funding opportunities in the US.
"We have successfully concluded the state's domestic investment promotion drive in Mumbai and signed eight MoUs worth over Rs 5,000 crore in areas of textiles, healthcare, medical education, skills development and e-governance. The event was attended by over 350 investors," Chief Minister Raghubar Das said here.
Das would now visit the US to scout for investment opportunities in the world's largest economy.
Jharkhand is organising the Global Investors Summit 2017 on February 16-17 in Ranchi to promote the state as a favoured investment destination. It had held a road show here in connection with the summit.

During the event, the government also announced half a dozen new policies aimed at a strategic diversification of the mineral resource rich state.
These policies covered areas like information technology & IT-enabled services (IT/ITeS), Business Process Outsourcing (BPO), start-up (best start-up policy for ecosystem incentives among seven leading states), electronic systems design & manufacturing (ESDM), automobile and auto components and textiles & footwear.

Following the road show, the government today held 33 government-to-business meetings in the city with global investors across sectors such as food processing, education, urban infrastructure, IT-ITeS, power, industrial automation, hospitality, pharmaceuticals, healthcare, gems and jewellery, tourism and solid waste management.

The American sojourn following the Mumbai road show comprises an intense five-day outreach and networking programme by a delegation led by Das.
The delegation would attend MINEXPO 2016 (exhibition on metals, minerals and energy) in Las Vegas, where the State has a dedicated pavilion.
The delegation, which will leave for the US soon, will
also travel to the West Coast's Silicon Valley, home to global technology giants CISCO, Oracle and Hewlett Packard, with whom Jharkhand had previously signed MoUs in the areas of skills development, tele-education and e-health.
The team will also visit New York on the East Coast.
The main road show is expected to see participation of over 500 industry representatives. During this programme, the Government is looking to seal collaborations with leading organisations, industrial institutions, chambers of commerce and trade bodies with the objective to attract investments in the State, an official release said.

A goodwill function to host Indian Diaspora with roots in Jharkhand and erstwhile united Bihar will follow the road show, it said.
The Jharkhand Government, in second round, will reach out to investors in East Asia - primarily China, Japan and South Korea.