Global Investor Summit 2017: Ratan Tata to Kumar Mangalam Birla, here is what India Inc said

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Updated: February 16, 2017 1:37:10 PM

In order to attract investments, Jharkhand has organised “Global Investor Summit 2017” at Ranchi which kick started today. Business leaders including Ratan Tata, Kumar Mangalam Birla and Navin Jindal, and Finance Minister Arun Jaitley were present at the event.

Recalling his initial days in Jamshedpur, Tata Group patriarch Ratan Tata today said Jharkhand has great potential and called upon domestic and global corporates to seize the immense investment opportunity.Recalling his initial days in Jamshedpur, Tata Group patriarch Ratan Tata today said Jharkhand has great potential and called upon domestic and global corporates to seize the immense investment opportunity.

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. 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 today. Business leaders including Ratan Tata, Kumar Mangalam Birla and Navin Jindal, and Finance Minister Arun Jaitley were also present at the event. Here is what India Inc said at the event:

Ratan Tata

Recalling his initial days in Jamshedpur, Tata Group patriarch Ratan Tata today 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. However, the country will not be able to grow if it focuses only on traditional spots which have been industrialised and therefore it needs to widen base and extend industrialisation to other geographies as well, he said. “Jharkhand is one such place. Its richness in mineral wealth, its natural beauty and the excitement of developing it are immense. I think all of us, both in India and outside India, need to seize this opportunity in places like Jharkhand…,” Tata said.

Anil Agarwal, Vedanta

Keen to get a strong foothold in Jharkhand, mining baron Anil Agarwal today 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.

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Kumar Mangalam Birla

“Jharkhand ranks at the 6th position in the ease of doing business. The Aditya Birla Finance Group has 25 ventures across the State of Jharkhand,” he said at the summit.

Navin Jindal

“The bureaucracy of Jharkhand is extremely helpful. We have already invested Rs 2000 crore & will continue to invest more in the coming years,” he said.

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