Jharkhand CM Hemant Soren has one-on-one talks with leading industrialists in Delhi. The New Indian Express

Jharkhand CM Hemant Soren has one-on-one talks with leading industrialists in Delhi.  The New Indian Express

By Express News Service

RANCHI: In his mission to attract investment in the state and foster industrial development, Chief Minister Hemant Soren met with the top leaders of the country’s largest corporate companies in New Delhi on Friday and asked them to invest in a Emerging Jharkhand. During a panel discussion, the Chief Minister met with the main industrialists of the TATA group, Hyundai Motors, Honda and Maruti Suzuki.

The meeting focused on the draft of the Jharkhand Electric Vehicle Policy 2021, was organized to seek feedback from potential investors on the policy and showcase the opportunities available in the sector in the Adityapur Auto-Cluster and Adityapur Electronic Manufacturing cluster.

During the meeting, the Secretary of the Department of Industries, Pooja Singhal, briefed all potential investors on the scope of the electric vehicle sector in Jharkhand, the state’s vision for this sector, and the government’s proposed plan to establish a group of Dedicated electric vehicles in the state.

During the presentation, Singhal explained the incentives and provisions of the proposed Electric Vehicle Policy. “We will offer a 100% exemption on stamp duty and registration fee to the
companies. In addition, companies that promise to invest in the electric vehicle sector within the first 2 years from the launch of the electric vehicle policy will receive a 50% subsidy from JIADA. 100% incentive for MSMEs in GST for 7 years, while for 9 and 13 years for large and mega-scale industries. In addition, we are proposing a 100% exemption from vehicle registration fees and a 100% exemption from road tax, ”said Singhal.

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CM Soren said more incentive provisions will be added if companies propose employment provisions for ST / SC communities.

“Since Independence, the largest plants and units have been installed only in Jharkhand. Many opportunities have been missed. However, we want to change this scenario. The idea is to go ahead and take them all with us, ”Soren said. There is a large workforce available and they are waiting for the opportunity, as well as having abundant amenities in Jharkhand, he added.

Soren further added that a substantial part of the population is from SC / ST communities. If SC / ST people are employed, they will add more incentives to the policy, Soren said. He further said that the proposed electric vehicle policy has been put forward and if you look to the future then electric vehicles are
the vehicles of the future where there are ample opportunities, he added.

The roundtable meeting was followed by focused B2G meetings with top house leaders such as Tata Group, Maruti Suzuki, Dalmia Cement, Honda Cars, Hyundai Motors, SAIL, NTPC, Vedanta and GAIL.

During the one-on-one meeting, the Dalmia cement group committed to investing Rs 500 Cr in the state along with others in multiple sectors such as automobiles and ESDM. Participants appreciated the upcoming JIIPP 2021 and committed to investing in Jharkhand.

The Jharkhand Government Department of Industries is organizing an Investor Meeting to showcase the Jharkhand Industrial Investment Promotion Policy 2021 to potential investors.

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