Preparations underway to boost investment in Jharkhand; government and FJCCI to jointly unlock new opportunities
Ranchi: Following the World Economic Forum (WEF) in Davos, the Jharkhand government is now gearing up to boost investment. As part of this initiative, a 'National Stakeholders Consultation' will be held in New Delhi on July 8 and 9, facilitating direct dialogue with investors from both India and abroad. Through this significant event, the government aims to accelerate industrial investment, IT, Artificial Intelligence (AI), digital governance, tourism, and job creation within the state. The Federation of Jharkhand Chamber of Commerce and Industries (FJCCI)—a leading body representing the industry and trade sectors—is playing a pivotal role alongside the government in this campaign.
M Bharat 24 News Live held a special conversation with Aditya Malhotra, President of FJCCI Jharkhand, regarding these issues. In this exclusive interview, he spoke at length about investment prospects in Jharkhand, the business-friendly environment, the government's new policies, private sector participation, and the state's economic future.
Watch this exclusive conversation with FJCCI Jharkhand President Aditya Malhotra on M Bharat 24 News Live.
*Question: How will Jharkhand benefit from the National Stakeholders Consultation scheduled for July 8–9?
Answer: Following the positive response Jharkhand received at the World Economic Forum (WEF) in Davos, the government is now initiating the next phase of dialogue with investors. Direct discussions will be held in New Delhi on July 8 and 9 with companies and investors who have expressed an interest in investing in Jharkhand. The objective of the National Stakeholders Consultation is not merely to announce policies but to understand the expectations and needs of investors. This platform will facilitate open discussions and the gathering of suggestions to determine what steps should be taken to make Jharkhand an even more attractive destination for investment.
Aditya Malhotra stated that the conference's greatest strength lies in the fact that Chief Minister Hemant Soren, the Chief Secretary, and senior officials from the Industries Department, JIADA, and other relevant bodies will personally engage in face-to-face discussions with the investors. This will facilitate direct dialogue between the industry and the government, thereby accelerating the decision-making process.
He stated that this conference is not merely a formal event but a significant initiative towards boosting investment in Jharkhand. It will lay a strong foundation for establishing new industries, increasing employment opportunities, and realizing the 'Jharkhand Vision 2050'.
**Question: What role will FJCCI play in the stakeholder consultation?
Answer: FJCCI will play a pivotal role in the national stakeholder consultation. It will engage in dialogue and correspondence with investors, encouraging them to invest in Jharkhand. Acting as a strong bridge between the industry and the government, the Federation will play a crucial role in bolstering investor confidence.
When the state's largest industry and trade body—like FJCCI—stands alongside the government, it sends a positive message to investors that a business-friendly environment exists in Jharkhand. This will boost the confidence of new investors and provide fresh momentum to investment in the state.
Recognizing the Federation's experience, credibility, and strong standing within the industry, the Jharkhand government is prioritizing its involvement. The government values FJCCI's participation in the state's industrialization and economic development; consequently, the Federation has been made a key partner in this important consultation process.
FJCCI's active engagement between the government and the industry will enhance investor confidence in Jharkhand. The state will directly benefit from this through new investments, new industries, and large-scale employment opportunities.
