At least seven companies have confirmed to sign Memorandum of Understanding (MoU) with the Government here during the maiden Jharkhand BPO/BPM Summit-2019 at Judicial Academy on August 22, officials from the Department of Information Technology (IT) and e-Governance said on Saturday.
“Seven companies have already confirmed that they will be signing MoU with us for setting up their BPOs (Business Process Outsourcing) and BPMs (Business Process Management) in Jharkhand. IT as well as non-IT companies will open their BPOs in cities here in the days to come,” said IT Director Umesh Prasad Sah.
At least 30-35 national and multinational companies are likely to participate in the summit, Sah added. According to figures with the IT Department, at least 25 BPOs are already functional in Jharkhand and they are providing employment to around 10,000 people. “The summit is expected to generate at least 7,000 new jobs in the BPO sector here,” said Sah, adding that the new companies may start operating out of Jharkhand within the next six months.
The aim of the summit is to promote BPO and BPM units in the State and provide a business-friendly environment to investing companies through BPO/BPM 2016 policy of the Government. For BPO companies, this would be an opportunity to engage directly with the Government and share their intent for establishment and expansion of existing units here.
State’s BPO/BPM Policy 2016 is targeted at making Jharkhand a destination for BPOs and BPMs in eastern India. It offers conducive work environment to the companies and prospects for growth, said officials from the IT Department. The Union Ministry of Electronics and Information Technology along with Jharkhand Government, National Association of Software and Services Companies (NASSCOM) and Software Technology Park of India (STPI) is organising the summit.
The Government here has been on a mission to boost business here through investments. In 2016, the Government held its first Global Investors’ Summit under the banner of Momentum Jharkhand. So far, the State has held ground breaking ceremonies for 504 companies that signed MoUs during the investors’ summit. These companies are expected to generate at least 70,000 jobs. At least five national and three international road shows were also organised to spread awareness about the scope of investment in the State.