Hinduja proposes commercial vehicle assembly unit in Jharkhand

Hinduja Group Chairman P.P. Hinduja, in a meeting with Jharkhand Chief Minister Raghubar Das here, on Friday expressed interest in setting up a commercial vehicle assembly unit in the state, an official said.

"Serving up an attractive menu of 'good governance, speedy implementation, fast decision making, abundant and undisputed resources' for prospective investors, Chief Minister Raghubar Das had a series of one-to-one meetings with investors at Hotel Waldorf Astoria, on Park Avenue in New York," said an official statement here.

"The visit is part of the effort to attract potential investors and companies to participate in the Global Investors Meet in Ranchi February 16-17 this year. The summit is aimed at establishing Jharkhand as a premier investment destination for both foreign as well as domestic investors."

According to the statement, the Hinduja group representatives will visit Jharkhand in October this year to explore further on their proposal.

"I am confident that Jharkhand will see more and more investments. We have simplified the rules/procedures for investors resulting in speedy decisions," the Chief Minister said while addressing a gathering of investors at a roadshow organised by the state government in association with US India Business Council (USIBC) on September 29.

"The government has taken measures to make the system business-friendly and there is transparency in decision making."

According to the statement, during the New York stay the Chief Minister and his delegation also interacted with entrepreneurs from Clutch Group, Medtronic, Gilead Sciences, and Claudio Lilenfeld, who are looking for high growth consumer markets.

At this session, Das raised awareness about the investment opportunities in Jharkhand as a power house of India's manufacturing sector (Make in India) and priority areas like food processing, metal sector, automotive sector, film industry, textile and apparel, tourism and others, the statement added.

--IANS

ppg/py/dg