Jharkhand strives to be a developed state: Das | business-news | Hindustan Times
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Jharkhand strives to be a developed state: Das

business Updated: Feb 16, 2017 19:12 IST
PTI
India's Finance Minister Arun Jaitley (L) speaks with Jharkhand Chief Minister Raghubar Das during the Global Investors Summit-2017 'Momentum Jharkhand' in Ranchi on February 16, 2017. / AFP PHOTO / STR

India's Finance Minister Arun Jaitley (L) speaks with Jharkhand Chief Minister Raghubar Das during the Global Investors Summit-2017 'Momentum Jharkhand' in Ranchi on February 16, 2017. / AFP PHOTO / STR(AFP)

Terming Jharkhand as a land of immense potential, Chief Minister Raghubar Das today said the state is rich in natural resources like coal and minerals and striving to become a developed state in the country.

“Jharkhand as a young state of India is striving to become one of the developed and prosperous states of India. It is a land of immense potential,” Das said while addressing the inaugural session of the first Jharkhand Global Investors’ Summit at the Khelgaon here.

He said that Jharkhand was one of the richest mineralised regions in the world possessing 40% of mineral resources of the country.

“Though we are known for our rich mineral deposits and steel and automobile Industry, I feel our biggest assets are our people. Nearly 60 per cent of our population is between 15 and 59 years of age,” he said.

“The gross state domestic product growth rate (at a constant price) is 12.1 per cent and the growth rate of per capita income is 11.10 per cent. This demonstrates that Jharkhand is the fast emerging economy in the country,” he said.

Stating that Jharkhand ranks number one in terms of coal reserves and number two in iron ore reserves of the country, the chief minister said the state contributed 25 per cent of the overall steel production in the country and in Tasar silk alone the contribution was 62 per cent of the overall production of the country.

“We are also leading producer of farming products like tomato and peas. We are the fifth largest recipient of FDI among all other states and we are among the leading states in the ease of doing business in India,” he said.