In a bid to make Jharkhand a preferred investment destination for investors the ‘Momentum Jharkhand’ delegation led by Additional Chief Secretary of State RK Srivastava, reached Dongguan, China to meet with potential investors and host India Business and Investment Promotion Seminar with Consulate General of India, Guangzhou.
The delegation held business interactions with Dongguan-based large corporate groups with interest in electronic system design and manufacturing and machinery, among others. Chinese electronics companies both existing and new are firming up investment plans for Jharkhand in Electronic Manufacturing Cluster (EMC) at Adityapur near Jamshedpur.
A number of Chinese electronics companies have shown interest in investing in Jharkhand electronics manufacturing space. Some of the companies have shown intention to sign a memorandum of understanding (MoU) with Government of Jharkhand for collaboration in the electronic system design and manufacturing segment.
Chinese companies like Vivo, Huawei and Oppo that have presence in India, have shown willingness to expand business in Jharkhand. Among new companies, Shanghai HUAV Technology Co Ltd and China Southern Power Grid International Co. Ltd. appear to be keen on investing in Jharkhand. The companies will soon visit Jharkhand and explore partnership opportunity at forthcoming “Momentum Jharkhand” Global Investors’ Summit 2017 in Ranchi scheduled on 16 – 17 February 2017.
Srivastava addressed a gathering of investors at a Seminar organized by Government of Jharkhand with the support of Consulate General of India, Guangzhou in association with China Council for the Promotion of International Trade (CCPIT), Dongguan.
During the session he raised awareness about the investment opportunities in Jharkhand as a powerhouse of India’s Manufacturing Sector (Make in India) and in priority areas such electronics and system design manufacturing (ESDM), food processing, metals sector, automotive sector, film industry, textile & apparels, tourism and others. The Additional CS also deliberated various investment opportunities and key business reforms carried out in the recent past by Government of Jharkhand.
Sunil Kumar Barnwal, Secretary, Department of Industries, Mines and Geology, made a detailed multi-sector presentation on investment opportunities in Jharkhand.
Zeng Minsheng, Chairman, China Council for the Promotion of International Trade (CCPIT), Dongguan, highlighted that CCPIT is playing a central role in acquainting Dongguan companies about the opportunities of investing in India. CCPIT urged Chinese investors to participate in the Momentum Jharkhand Global Investors’ Summit 2017 in a big way.
Barnwal invited Dongguan-based business leaders, investors, corporations, academicians and technologists to participate in the upcoming Momentum Jharkhand Global Investors’ Summit 2017, February 16–17, 2017, to be held in Ranchi. This two-day event will aim to showcase the strengths and industrial dexterity of Jharkhand, and provide a global platform for interaction with Indian industry leaders, policy makers, investors and other stakeholders.
From Dongguan, the delegation will move to Shanghai where the delegation will also hold a road show organized by the Consulate General of India – Shanghai wherein identified industries and investors have been invited. The delegation is also holding business interactions in Shanghai with key industries as well as trade bodies. This visit aims to uncover business and trade opportunities between Jharkhand and Shanghai, and identify major areas of synergy for business collaboration across the industrial, technology and knowledge domains.