NEW DELHI/RANCHI: Jharkhand reinforced its ambition to emerge as one of India’s most attractive investment destinations during the second day of the National Stakeholders’ Consultation 2026 at Hotel Taj Palace in New Delhi. The session, centred on “Industrial Promotion and Investment,” brought together senior policymakers, industry leaders, investors and development experts to chart a roadmap for accelerating industrialisation and creating sustainable employment opportunities in the state.
The deliberations were chaired by Jharkhand’s Minister for Industries, Labour, Employment, Training and Skill Development, Sanjay Prasad Yadav, who outlined the state’s vision of fostering a business-friendly environment backed by progressive policies, skilled human resources and modern infrastructure.
Key discussions focused on enhancing the ease of doing business, strengthening industrial infrastructure, attracting private investment, promoting sector-specific opportunities and preparing a future-ready workforce. Participants also emphasised the need for stronger public-private partnerships, sustainable industrial development, technology-driven growth and faster execution of projects to maximise Jharkhand’s natural advantages and strategic location.
Industry representatives pointed to strong investment potential in mining, steel, manufacturing, food processing, logistics and other emerging sectors. They stressed that policy consistency, innovation and a supportive business ecosystem would be critical to boosting investor confidence.
Addressing the gathering, Minister Sanjay Prasad Yadav said the state’s priority is to create employment opportunities within Jharkhand so that young people are not forced to migrate in search of work. He added that while many states have successfully leveraged tourism to drive economic growth, the Hemant Soren-led government is pursuing a balanced strategy that combines industrial expansion with tourism development.
“Industry needs the State, and the State needs industry. Sustainable development can only be achieved through a strong partnership between the government and industry, leading to investment, employment generation and inclusive economic growth,” the minister said.
The panel discussion was moderated by Arava Rajkamal, Secretary, Department of Industries, Mines and Geology. The panel included V.K. Sharma, Vice Chairman of Jindal Group; Siddharth Rungta, Chairman of Rungta Group; Nivruti Rai, Managing Director of Invest India; Sundar Raman, Vice President of Tata Steel; and Devyani Khankhoje, President (Corporate Affairs) at Varun Beverages Ltd.
The consultation concluded with a collective commitment from the government and industry to work together towards transforming Jharkhand into a globally competitive industrial hub. The event was attended by Ministers Deepika Pandey Singh, Sanjay Prasad Yadav, Sudivya Kumar, Irfan Ansari and Shilpi Neha Tirkey, underscoring the state’s coordinated efforts to drive investment, industrial growth and large-scale job creation.