Raghubar Das to lead team to Silicon Valley to woo IT majors | ranchi | Hindustan Times
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Raghubar Das to lead team to Silicon Valley to woo IT majors

CM’s visit to the US comes ahead of global investors’ summit scheduled for Feb.

ranchi Updated: Sep 11, 2016 17:34 IST
Saurav Roy
Raghubar Das

A high-level team, led by the chief minister, had visited various states in July and August, where it met various investors and invited them to the February summit.(HT File)

Chief minister Raghubar Das will lead a team to Silicon Valley, world’s largest information technology hub, in the US this month to woo IT giants to invest in Jharkhand.

Sanjay Kumar, principal secretary to the CM, said IT majors such as Sysco, Hewlett Packard and Oracle would be invited to invest in the state.

“The CM will also attend a mining expo in Las Vegas to lure investments by mining companies and get the latest world-class mining technologies,” Kumar told Hindustan Times on Saturday.

Mining companies from across the globe participate in the Las Vegas expo, held once in four years, he said.

Silicon Valley, located in the southern part of the San Francisco Bay Area in Northern California, is home to many of the world’s largest high-tech corporations, multinational IT giants and thousands of startup companies.

A team from Jharkhand is likely to visit South Korea and Japan in October and November to lure investments in the automobile sector, Kumar said. The state finalised a policy for investment in the automobile sector recently.

Jharkhand is set to hold roadshows and seminars in Australia, Singapore and New Zealand by November under Momentum Jharkhand, state’s campaign to lure investors to its maiden Vibrant Gujarat-like global investors’ summit scheduled in February next year.

State industry department officials said roadshows would be held in the US from September 25 to 30, in Singapore in early November, and in Australia and New Zealand by November-end.

“The global investors’ summit in Jharkhand is scheduled to be held in February 2017. Through the roadshows in foreign countries, we will spread awareness about the investment potential in the state and invite investors to the summit,” said state industry secretary K Ravi Kumar.

Das met ambassadors of at least 40 countries -- including Germany, Japan, China and Singapore -- in Delhi during similar roadshows in August. Events were also held in Mumbai, Hyderabad and Bengaluru during which 45 companies showed interest in investing in Jharkhand, industry officials said.

The state framed a new industry policy and launched a single-window system to ease the process of starting a business.

Jharkhand is, however, facing protests against land acquisitions. Last month, opposition parties joined hands to protest against land acquisition by the National Thermal Power Corporation (NTPC) in Hazaribagh’s Barkagaon leading to detention of many leaders, including a former chief minister and sitting legislators.

Two villagers were killed on August 29 in Ramgarh’s Gola block during a protest against non-granting of displacement benefits by a private power plant.

The state recently signed MoUs worth `62,000 crore during the Make in India Mumbai conclave. Jharkhand has formed a Jharkhand Investment Promotion Board (JIPB), which met for the first time in Mumbai on July 8. The JIPB includes businessmen and experts such as Kumar Mangalam Birla, Gautam Adani, TV Narendran, Sajjan Jindal, OP Mittal and Rajiv Jhawar.