Acche din for Jharkhand? Hinduja Proposes Commercial Vehicle Unit in State
Published On Oct 07, 2016
With an aim to improve the potential Jharkhand holds, Chief Minister Mr. Raghubar Das has revealed his interest in setting a commercial vehicle's assembly unit in the State in a recent meeting with Chairman of Hinduja Group. Ashok Leyland vehicles are built in Hinduja units and if Raghubar Das's intention of setting up this unit finalises, Jharkhand may get a part of its due share of economic development.
Jharkhand is rich in many metal ores critical to commercial vehicle manufacturing, but still has not been able to develop in terms of economy as many other Northern States in India. Most of the metals extracted from the ores found in Jharkhand are used in other parts of the country.
The move will not only increase the economic status of the state but also provide employment to many people. Representatives from Hinduja may visit Jharkhand in October 2016 and explore the opportunity further.
An official statement 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."
Jharkhand was carved out of Southern Bihar on November 15, 2000. The state, since then, has been rising steadily and it may soon play a crucial role for commercial vehicles manufacturing in the country.
Raghubar Das has earlier said, "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, during his New York visit, also met with officials from Clutch Group, Claudio Lilenfeld, Gilead Sciences and Medtronic, and discussed about the possibilities of setting up business units in Jharkhand.