Jharkhand panel to focus on 'ease of doing business' in the state

KOLKATA: Jharkhand has a formed an Investment Promotion Board ( JIPB) aimed at attracting national and international investors to the state. The board will focus on ‘Ease of Doing Business’ and deal with strategies for effective implementation of investment policies. It will also provide incentives for New Economy sectors and work towards simplification of procedures, policy and reforms to foster the state’s industrial growth.

The first meeting of JIPB will take place in Mumbai on July 8, 2016. It will be attended by industry captains like JSW Steel chairman, Sajjan Jindal, Usha Martin managing director, Rajeev Jhawar, Steel Authority of India chairman, P K Singh, Tata Steel Managing Director, T V Narendran, Chief Executive Officer Vedanta Resources, Tom Albanese, Executive Vice President, Larsen and Toubro Ltd, Derek Shah, Om Parkash Mittal, President, Laghu Udyog Bharti India, Father E Abraham S J, Director, XLRI, Jamshedpur and Anindya Sen, Director, Indian Institute of Management, Ranchi.

JIPB outlines the state government’s effort “to broad-base value-added manufacturing facilities in industries like mining, food processing, energy, automobile, IT-ITeS, tourism, infrastructure development, healthcare and education,” an official statement from the state government said on Thursday.

Announcing the formation of JIPB, state chief minister, Raghubar Das said: “Jharkhand is ushering in an era of industrial growth and is geared up to showcase its enormous potential to the national and international investment communities to attract suitable investments. Formation of JIPB is a step towards this goal.”