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‘Momentum Jharkhand’– An Opportunity for Real Estate

“The Government of Jharkhand launched ‘Momentum Jharkhand’, its maiden investment promotion campaign. Meant to promote ‘Digital Jharkhand’, the event opened with the unveiling of the brand logo and the campaign website”

Raghubar Das, Momentum Jharkhand, realtymyths

Souma Mukherjee

The government of Jharkhand is all enthusiastic towards reshaping the state. The launch of ‘Momentum Jharkhand’ clearly indicates the government’s plans to take the state to new heights. The Hon’ble Chief Minister of Jharkhand Shri Raghubar Das, during launch of ‘Momentum Jharkhand’, said in his opening remarks, “Jharkhand is the most investment-ready state with crystal-clear vision and a robust road-map. We rank among the best in terms of business reforms and have instituted best practices to fast-forward investments, based on Department of Industrial Policy & Promotion guidelines. It is my privilege to work in tandem with our Hon’ble Prime Minister Shri Narendra Modi Ji on the Central Government’s vision of Sabka Saath, Sabka Vikaas.” Chief Minister also holds charge of the industry ministry in Jharkhand. The state government is planning to organize the maiden ‘Momentum Jharkhand Global Investors Summit’ on 16–17 February 2017 in Ranchi.

The support of the campaign was overwhelming, the Government of Jharkhand signed memorandum of understanding with cement major ACC Limited and technology multinational Hewlett Packard Enterprise (HP). Jharkhand’s BJP government led by Mr. Raghubar Das plans to start fresh and progress with the visions of PM’s Make In India, Digital India, Skill India and Smart City Missions.

Huge Opportunity for Infrastructure and Real Estate Sector

Chief Secretary, Smt. Rajbala Verma, also present at the event, said, “We have forward looking policies – simple, dynamic and responsive. They lay the ground for continuous reform towards better systems for business. We’re developing a multi-modal logistics hub which will revolutionize connectivity with Northeast India. We are working seamlessly with Govt of India to open up railways infra and build five more airstrips.” Speaking on the imperative of land banks, she said, “The Jharkhand Industrial Area Development Authority is the nodal agency streamlining land asset development. The total estimated land bank availability is 2.1 mn acres.”

Shri Das welcomed developers to invest in Jharkhand. He emphasized on state’s policy reforms and single window clearance mechanisms. Jharkhand has more than 1 lakh acres of land available for the development of Smart city, schools, colleges, hospitals, IT Parks, Sports Complex etc. Though considered an underdog, Jharkhand showcased huge potentials for growth. Cities like Jamshedpur, Ranchi and Bokaro have already marked their names in urban planning and townships.

The Chief Minister would conduct one-to-one meetings with 12 investors with a focus on investments for the next two years. The Government will meet investors and foreign diplomats in next couple of days. These meetings would also be attended by Union Minister of State for External Affairs, Shri MJ Akbar.

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