The State Government has set a target to create five lakh jobs for the unemployed people through its new industrial policy. After the Stakeholders meet in national Capital 10 days ago a similar meeting was organised on Monday in the State Capital to get suggestions from local traders and industrialists.
The entrepreneurs from various parts of the State participated in the meet chaired by the State Industry Secretary, Puja Singhal.
Addressing the entrepreneurs Singhal said that several changes have been made in the policy of 2021 from the policy of 2016 and various changes in taxes have been brought by the Government. She said that under the policy, the Government will give five per cent subsidy on setting up of first two units in any district. “The government will provide an additional 10 per cent grant to industries that take two years after the policy is implemented. For medium scale industries, 25 per cent subsidy will be given instead of 20 per cent, which will be up to Rs 30 crore. The grant amount will also be the same for large industries,” she added.
Singhal said that the department is working to open closed industries till the second anniversary of the Government. The number of such industries is 634, which have been identified by the department, she added.
The Secretary also gave a presentation on the key highlights of the draft Jharkhand Industrial and Investment Promotion Policy 2021. She explained the various focus sectors identified by the policy especially the high-priority sectors namely ‘textiles and apparel, automobiles, auto-components and electric vehicles, agro-food processing and meat processing, pharmaceuticals and electronics system design and manufacturing. She also gave a brief overview of the key incentives offered in the policy including the Anchor Unit Subsidy, Early Bird Subsidy and Incentives on SGST.
Director Jeetendra Kumar Singh informed about the new features of the policy. He said that the main focus of the policy is separate provisions for agro food, electronic, vehicle industries, pharmaceuticals. He informed that a target of US $ 206 billion has been set for electric vehicles in the State, which is likely to be $ 280 billion in the coming year.
“Electricity is the most important resource for industries. In such a situation, NTPC's unit will start in Chatra soon. At the same time, other companies will also start their operations,” said Singh.
During this, information was also provided for the stakeholders about the parks of different industries. The pharmaceutical park is ready in 35 acres at Barhi, Chanho and Bijupada. The work of the plastic park is almost complete, which is being built on 93 acres in Deoghar. The electronic manufacturing cluster will be built in Adityapur. There are 82.49 acres for this, 34 acres for Leather Park.
The session was attended by about 100 delegates. The meet saw a Question and Answer session wherein the Secretary, Industries took questions and suggestions directly from the local industrialists and experts.
