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Govt mulls policy to boost industry sector, entrepreneurs seek reforms | Ranchi News


Ranchi: The state government is banking on formulation of new policies and setting up new infrastructure for boosting Jharkhand’s manufacturing and industrial sector in the coming weeks.
While the final draft of the new Jharkhand Industrial and Investment Promotion Policy (JIPP) is due to be tabled before the state cabinet for its approval, the state industries department is currently formulating four new sector-specific policies in an attempt to draw investments.
“Consultations with stakeholders, which include trade and commerce bodies and members from the MSME and heavy industries fraternities, have been completed. We are due to put up the JIPP before the cabinet very soon for its approval,” said a senior officer in the department on anonymity. ....

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'MSME revival, easing compliance burden high-priority areas for govt' | Ranchi News


Ranchi: Reviving the state’s 634 sick MSME units and setting up export promotion committees at the state and district levels will be the high priority areas of Jharkhand industries department in the new financial year, state industries secretary Puja Singhal, who presided over the second stakeholders’ meeting over the new Jharkhand Industrial and Investment Promotion Policy (JIPP), 2021 on Monday, said.
“As per data available with the department, there are 634 MSME units which are ailing due to a number of issues, such lack of work order, its inability to repay bank loans and incurring losses due to the Covid-induced lockdown. Their revival has been designated as a high priority area by the government,” Singhal told entrepreneurs, trade and industry bodies and industrialists from across the state, who had gathered at a hotel in Ranchi for the meet. “Besides revival of sick units, the department’s mega mandate, given by chief minister (Hemant Soren), will be to set ....

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