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Stage set, Jharkhand expects 3.5 lakh crore investment at GIS

At least 9527 foreign and domestic delegates had confirmed their availability for the summit

ranchi Updated: Feb 15, 2017 09:16 IST
Saurav Roy
Saurav Roy
Hindustan Times, Ranchi
Momentum Jharkhand,GIS,RAnchi
Birsa Munda raj path decorated for the global investors summit "Momentum Jharkhand" in Ranchi(Diwakar Prasad/ Hindustan Times)

With only a day remaining for the Global Investors’ Summit (GIS), the state’s flagship event under Momentum Jharkhand, preparations are in full swing to ensure a foolproof event with no loopholes. The mineral-rich state, which boasts 40% of country’s mineral reserves, expects investment proposals worth Rs.3.5 lakh crore through the summit.

The BJP-led Jharkhand government has been preparing for the summit on the lines of ‘Vibrant Gujarat’ since it came to power in December 2014. The two-day summit will kick start at Ranchi’s Khelgaon on Thursday, and witness presence of finance minister Arun Jaitley, information technology minister Ravishankar Prasad, urban development minister Venkaiah Naidu, transport and shipping minister Nitin Gadkari, energy minister Piyush Goyal, Tata Steel Director TV Narendran, former Tata Group chairman Ratan Tata, former team India captain Mahendra Singh Dhoni and many more.

“We have been working on the summit specifics for the past one year. The government first framed the necessary policies and then approached foreign investors. The response has been positive so far,” said chief minister Raghubar Das.

Entire Ranchi has been decked up with lights and posters to welcome the investors, many of whom would be flying down from foreign shores.

In a bid to avoid any security lapse, around 2500 district police jawans and over 1200 traffic cops have already been deployed on the streets.

The city has been divided into 17 zones and 28 sectors for smooth flow of traffic during the days of the summit.

The Jharkhand Anti-Terrorist Squad (ATS), which performed a mock drill at the Khelgaon stadium on February 5, too would remain on high alert, senior police officials said.

Director General of Police DK Pandey on Monday met senior police officials in Ranchi and directed them to keep a tab on the security arrangements on the routes the investors take from airport to Khelgaon. Besides, he also directed for deployment of armed contingents at all important tourist spots in and around the city.

At least 9527 foreign and domestic delegates had confirmed their availability for the summit by 10 am on Tuesday, and almost all the top hotels in the capital have been booked. According to sources in the industry department, all rooms in Radisson Blu, BNR Chanakya, Capitol Residency and the state guest house have been booked for the summit.

The state government has also arranged for two choppers that would ferry designated state guests from airport to Khelgaon during the event.

Prime Minister Narendra Modi too would be addressing the summit through video conferencing.

The summit will also see presence of industry stalwarts such as Pawan Munjal, the director of Hero Morocorp, Naveen Jindal, chairman of Jindal Steel and Power Limited, Rajiv Dubey, and group president of Mahindra & Mahindra. Besides, chairman of Telecom Regulatory Authority of India (TRAI), RS Sharma and chairman of Adani Group Gautam Adani too are likely to attend the summit.Jharkhand held five domestic and three international road shows to lure investors to the summit.

First Published: Feb 15, 2017 09:16 IST