Munda lays out red carpet for investors

New Delhi, Nov 18 | Updated: Nov 19 2005, 05:30am hrs
Jharkhand chief minister Arjun Munda gave an open invitation to investors from the industry welcoming them to tap the states mineral potential.

At a CII session, attended by more than 350 participants drawn from various sectors of the industry, Mr Munda said Jharkhand offers great investment scope in the areas of automotive components, food processing, mining, tourism and power.

CII deputy chairman (eastern region) Bushen Raina said that Jharkhand is a resurgent state and has the potential to become one of the most prosperous states in India.

Secretary (industries), Jharkhand, SK Satapathy stressed on the need to bring industrial development in the state on a par with leading industrially developed states in the country.

He highlighted the major MoUs signed recently with major players in the steel and power sectors. Tata Motors president AP Arya said the auto sector is presently witnessing a boom in the country and is expected to grow further. Jharkhand, he said, offers great opportunity for this sector to develop further.

He further said that it was a win-win situation for the Indian automotive industry if it comes to Jharkhand.

Jharkhand also envisages private sector participation in building and maintaining roads and bridges, airtaxi/cargo service operations, development of tourism, telecom, residential facilities, power generation and distribution, including mini and micro hydel power plants, non conventional sources of power, mining activities, handloom, handicrafts and sericulture and also research and development.