Jharkhand Investment Promotion Board (JIPB) to spur existing and potential opportunities for investments


Ranchi : Shri Raghubar Das, Hon’ble Chief Minister of Jharkhand, announced the formation of Jharkhand Investment Promotion Board (JIPB). Aimed at attracting national and international investors, the Board is pivoted on the ‘Ease of Doing Business’ framework in conjunction with the State Government and will deliberate strategies on effective implementation of investment policies, incentivising New Economy sectors and working towards simplification of procedures, policy and reforms for smooth industrial growth in Jharkhand.

Importantly, JIPB outlines the Jharkhand Government’s resolve to broad-base value-added manufacturing facilities with specific sectors chosen to push its pro-manufacturing agenda. These include industries such as mining, food processing, energy, automobile, IT-ITeS, tourism, infrastructure development, healthcare and education.

While announcing the formation of the Jharkhand Investment Promotion Board (JIPB), Hon’ble Chief Minister, Shri 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 in order to attract suitable investments. Formation of the Jharkhand Investment Promotion Board is a step towards this goal and we are confident the JIPB will help in facilitating new investments in sunrise sectors and make Jharkhand one of the global destinations of choice for investors.”   

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

Smt Rajbala Verma, Chief Secretary, Government of Jharkhand, Shri R K Srivastava, Additional Chief Secretary (Energy), Government of Jharkhand, Shri Amit Khare, Additional  Chief Secretary (Finance), Government of Jharkhand, Shri Sunil Kumar Barnwal, Secretary, Department of Industries, Mines & Geology, Government of Jharkhand,  and other senior officials will also attend the crucial meeting.