Jharkhand to partner Japan, Czechs at investor summit | ranchi | Hindustan Times
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Jharkhand to partner Japan, Czechs at investor summit

Jharkhand’s Global Investors’ Summit aimed at drawing foreign and domestic investments to the mineral-rich state.Czech Republic, Japan, Mongolia and Tunisia have agreed to be partner countries for Momentum Jharkhand

ranchi Updated: Feb 04, 2017 10:29 IST
Saurav Roy
Venue of the global investors’ meet Momentum Jharkhand is being  decorated and preparation is going at Mega sports complex in Ranchi
Venue of the global investors’ meet Momentum Jharkhand is being decorated and preparation is going at Mega sports complex in Ranchi(Diwakar Prasad/ HT Photo )

Jharkhand’s maiden Global Investors’ Summit (GIS), aimed at drawing foreign and domestic investments to the mineral-rich state, will get the support of foreign countries in signing deals and facilitating investments.

Czech Republic, Japan, Mongolia and Tunisia have agreed to be partner countries for the state’s flagship event under ‘Momentum Jharkhand’, an official communique of the state industry department, said on Friday.

The function of these partnering countries would primarily include compilation and validation of details of ambassadors and high commissioners, preparing country profile, arranging meetings of ambassadors and high commissioners with the government of Jharkhand, seeking the confirmation of ambassador and high commissioner, and also coordination with the ministry of external affairs regarding necessary approval, a senior state official said.

By Friday, a total of 3584 delegates from companies in India and abroad had confirmed their participation at the summit scheduled on February 16 -17 at Ranchi’s Khelgaon stadium.

“Preparations are in full swing for the big event. More delegates are likely to confirm their presence,” said state industry director K Ravi Kumar.

Prateek Agarwal, CEO, Sterlite Power, Rajeev Dubey, president of Mahindra & Mahindra, Ravindra Kumar V er ma, chairman of Central Electricity Authority, Gurdeep Singh, Chairman of National Thermal Power Corporation, Sunil Wadhwa, CEO, ILFS, Anup Bhargava, executive director of Jindal Steel & Power Limited, and Abhaya Krishna Agarwal, Partner, Ernst & Young LLP had by Friday confirmed their participation, among others, officials said.

Managing director of Tata Steel TV Narendran has confirmed to be a speaker at the event. Besides, chairman of Telecom Regulatory Authority of India (TRAI), RS Sharma will also attend the event.

Jharkhand has by now organized at least five domestic and two international roadshows in the past one year to lure investors to the upcoming summit.

Jharkhand has signed MoUs worth at least `1.5 lakh crore till now. Some of the major investment proposals came from Adani Power, ACC Cement, Sri Cement, Oracle and CISCO.

The state has more than 40% of the country’s mineral reserves and is been on a mission to utilise the resources to boost development through industrial growth.