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State eyes twin trade summits

Ranchi, Dec. 25: Jharkhand will begin the New Year with renewed zest to woo domestic and NRI investors at twin summits in Kerala and Gujarat early next month.

The industry department is preparing to ensure Jharkhand’s presence felt in both meets — Pravasi Bhartiya Divas in Kochi and Vibrant Gujarat festival at Gandhinagar — and showcase promising sectors in the politically-fragile state.

“We have been allotted 36 square metre space each in Kochi and Gandhinagar. We will showcase the potential investment areas in Jharkhand and put up stalls of Jharcraft and several government departments,” said special secretary in the state industry department Dhirendra Kumar.

Kumar, the managing director of Jharcraft — the state’s silk and handicrafts corporation that has now become a well-established national brand — is acting as nodal officer for the Gujarat summit, while industry director Vandana Dadel is looking after preparations for Pravasi Bhartiya Divas.

The industry department’s secretary, A.P. Singh, said that some automobile players in the state had also expressed willingness to be part of the summits. “We are likely to accommodate some auto industry players in both venues,” said Singh, without naming likely candidates such as Tata Motors or its ancillaries in Adityapur near Jamshedpur.

Of late, the state has focused more on manufacturing instead of core steel and power sector, given the fact that the former generates large-scale employment for youths.

Jharcraft claims to provide livelihood to lakhs of people engaged in cocoon rearing for silk production to manufacture fabric and dress material with the technical collaboration of National Institute of Fashion Technology.

The state’s potential on organic products may be exhibited at the summits.

Pravasi Bhartiya Divas is scheduled on January 7-9 at Le Meridien in Kochi, the commercial capital of Kerala.

Vibrant Gujarat is scheduled between December 11 and 13. Chief minister Arjun Munda is also expected to attend both festivals.