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JHARKHAND INDUSTRIAL POLICY 2012

25.       PROMOTION OF FOREIGN DIRECT INVESTMENT (FDI)

            (a)  Foreign Direct Investment (FDI) is one of the key indicators for determining the attractiveness of a destination. This is also an important way of transmitting skills, knowledge and technology to the State and an important driver of industrial performance.

                        In view of the above, it is proposed to enter into technological collaboration with overseas corporate bodies / multinational companies / NRIs for foreign investment and latest technologies in selected sectors, such as infrastructure, power, mineral development, food processing, biotechnology, non-conventional energy etc. on mutually advantageous basis. Overriding priority shall be given to such investors.

                        Efforts will be made to institutionalize it for needs assessment and road mapping of FDI’s and to provide special care in timely clearances.

            (b)       In order to promote FDI, the State Government has proposed to set up NRI cell both at National Capital and Ranchi which will work as interactive platform and facilitate NRI / PIO investors in setting up industries in the State. It will also help in the redressal of their grievances. It may also extend support to other enterprises of the State by facilitating their import-export with the help of NRIs / PIOs.

             (c)       The State Government proposes to organise investors meet in India and abroad in association with Overseas Indian Facilitation Centre (OIFC) and other organisations. Efforts will also be made to facilitate the visits of investors, entrepreneurs and Govt. officials for participation in major trade fairs / investors meet organised within or outside the Country under the auspices of Government of India and its organisations and international organisations.