Global Investor Summit 2017: Data connectivity is the new currency, says TRAI chairman R S Sharma

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Updated: February 17, 2017 11:52:21 AM

R S Sharma, Chairman, TRAI on Friday said that Digital India is a very comprehensive programme of the country. Speaking at the Global Investor Summit 2017, Sharma said "data connectivity is the new currency."

He further said that political stability is of foremost importance for the state (Jharkhand) to progress. "Availability of skilled manpower is important for the development of IT infrastructure," he added.He further said that political stability is of foremost importance for the state (Jharkhand) to progress. “Availability of skilled manpower is important for the development of IT infrastructure,” he added.

R S Sharma, Chairman, TRAI on Friday said that Digital India is a very comprehensive programme of the country. Speaking at the Global Investor Summit 2017 at Ranchi, Sharma said “data connectivity is the new currency.” He further said that political stability is of foremost importance for the state (Jharkhand) to progress. “Availability of skilled manpower is important for the development of IT infrastructure,” he added.

Business leaders including Ratan Tata, Kumar Mangalam Birla, Navin Jindal, Finance Minister Arun Jaitley, Venkaiah Naidu were also present at the event. Recalling his initial days in Jamshedpur, Tata Group patriarch Ratan Tata said Jharkhand has great potential and called upon domestic and global corporates to seize the immense investment opportunity. “Under the Prime Minister and his government, India is on the threshold of projecting itself as a new India,” said Tata, who started his career at Tata Steel in Jamshedpur. Speaking at the Momentum Jharkhand Global Investors’ Summit 2017, he said India has great opportunities.

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Keen to get a strong foothold in Jharkhand, mining baron Anil Agarwal said he has “big plans” for the state but initial foray will be with $1 billion investment that includes setting up a 1 million tonne steel plant. Dubbing Jharkhand as “a diamond in the crown of the world”, Vedanta Resources Group Chairman Anil Agarwal said the state is “full of potential” and Vedanta has big plans for it.

Government of Jharkhand in its endeavor to promote industrial activity in the State and establish Jharkhand as one of the prime investment destination has taken numerous steps towards improvement of overall investment climate. They have successfully implemented the framework of ‘Ease of Doing Business’ and have devised business friendly policies which have been instrumental in significantly reforming Jharkhand’s business climate.

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Jharkhand is currently ranked third by World Bank report in terms of Ease of Doing Business in the country. In order to attract investments, Jharkhand has organised “Global Investor Summit 2017” at Ranchi which kick started yesterday.

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