Industry sector

Jharkhand Government Reflects Policy to Boost Industrial Sector, Entrepreneurs Seek Reforms | Ranchi News

RANCHI: The state government is banking on formulating new policies and putting in place new infrastructure to boost Jharkhand’s manufacturing and industrial sector in the coming weeks.
While the final draft of the new Jharkhand Industry and Investment Promotion Policy (JIPP) is due to be presented to the state cabinet for approval, the state industries department is currently developing four new sector policies in the purpose of attracting investment.
“Consultations with stakeholders, which include trade bodies and members of MSME and heavy industry fraternities, have been completed. We have to submit the JIPP to the cabinet very soon for its approval, ”a senior department official said on condition of anonymity.
In addition to the JIPP, at least four new policies – Jharkhand Industrial Park Policy, Jharkhand Purchase Policy, Jharkhand Auto and Electronic Vehicles Policy, and Jharkhand Food Processing Industries Policy – are currently under development. Apart from that, no less than three policies, which were approved during the tenure of former chief minister Raghubar Das, will be reviewed.
Chief Minister Hemant Soren, who holds the portfolio of the state’s Minister of Industry, has been criticized by opposition BJP and young people on social media for failing to deliver on his 2019 poll promise to provide five lakh jobs during the first year of his tenure. Although the government has blamed the sluggish pattern of things on the Covid-19 pandemic, industry insiders have pointed to other reasons.
“There is widespread corruption at the base. Although the government claims that all new authorizations and licenses will be issued online through the one-stop-shop system, an entrepreneur invariably has to wait months and pay large sums to officials to obtain their authorizations, ”Ramesh Sharma (name changed on request ), an industrialist based in Jamshedpur, told TOI.
During his industries department review meeting, Soren had asked officials to ensure that sick industrial units, which are operational in Ranchi, Adityapur and Bokaro industrial parks, are reactivated. “However, if a unit closes, the land is not auctioned. This is a flagrant violation of the rules of industrial policy. We have filed several complaints with the Secretary of Industry (Puja Singhal) , but nothing happened, “said a city contractor. Singhal could not be reached for comment.