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.