World Bank to help Jharkhand in development
The World Bank is eager to engage itself in the development process of Jharkhand which has huge mineral and forest wealth, a senior Bank official said on Tuesday.
By PTI |
RANCHI: The World Bank is eager to engage itself in the development process of Jharkhand which has huge mineral and forest wealth, a senior Bank official said on Tuesday.
"The World Bank would be happy to partner with the state in development endeavour," said Fayez Omar, senior manager, World Bank, India, after Jharkhand Deputy Chief Minister Stephen Marandi released a Bank report 'Jharkhand Addressing the Challenges of Inclusive Development' at a function here.
Stating that he was struck by Jharkhand's potential, Omar said "Jharkhand will be our focussed state, ... Jharkhand has every ingredient to achieve success".
Suggesting several short to medium term measures to improve the investment climate, the report said infrastructural improvement and addressing issues in the mining sector could help the state bring in the required investment from the private sector.
Praising the decline in poverty by an impressive two per cent a year between 1994 and 2002, the report said that expanding rural opportunities like accessibility to favourable market could help the poor in villages.
According to the report, access to rural infrastructure such as irrigation, power, roads, credit and attainment of secondary and post-secondary education could also change the rural life.
The report said through an in-depth analysis of various sectors, including health, education, irrigation, power and mining, Jharkhand could lead to development by across the board generic reforms as well as sector-specific reforms.
"The World Bank would be happy to partner with the state in development endeavour," said Fayez Omar, senior manager, World Bank, India, after Jharkhand Deputy Chief Minister Stephen Marandi released a Bank report 'Jharkhand Addressing the Challenges of Inclusive Development' at a function here.
Stating that he was struck by Jharkhand's potential, Omar said "Jharkhand will be our focussed state, ... Jharkhand has every ingredient to achieve success".
Suggesting several short to medium term measures to improve the investment climate, the report said infrastructural improvement and addressing issues in the mining sector could help the state bring in the required investment from the private sector.
Praising the decline in poverty by an impressive two per cent a year between 1994 and 2002, the report said that expanding rural opportunities like accessibility to favourable market could help the poor in villages.
According to the report, access to rural infrastructure such as irrigation, power, roads, credit and attainment of secondary and post-secondary education could also change the rural life.
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The report said through an in-depth analysis of various sectors, including health, education, irrigation, power and mining, Jharkhand could lead to development by across the board generic reforms as well as sector-specific reforms.
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