Singhbhum industries raring to tap into Jharkhand resources

JAMSHEDPUR: A decade after Jharkhand came into existence, for the ever aspiring industries of Singhbhum the state still remains a vast land of opportunities. Industrialists of Adityapur industrial development area, known as the densely populated ancillary hub of the country, feel they have miles to go in building a robust future for the state through optimum utilization of available opportunities. The 1,200 odd industrial units, including global automaker Tata Motors ancillaries, see a vibrant Jharkhand in the days ahead. "With the likes of JSW Steel, Bhusan Steel and Abhijeet Steel pursuing their big ticket investment projects and Tata Steel and Tata Motors on expansion spree in the Singhbhum region, we see a vibrant future for the mineral rich state," observed industrialist and general secretary of Adityapur Small Industries Association (ASIA) Santosh Khetan.

ASIA, which earned the Best Entrepreneur's Association (BEA) award for its impressive performance (2011-12) in the annual conference of the Auto Components Manufacturer's Association (ACMA) early this year in Pune, will soon launch its ambitious Adityapur Auto Cluster (AAA) in the region.

"The Rs 65 crore AAA is a Special Purpose Vehicle (SPV) of the Union government, state government, Adityapur Industrial Area Development Authority (AIADA) and ASIA, to implement industrial infrastructure development projects in Adityapur. AAA is the biggest funded auto cluster in eastern India with high-end services on the roll for prospective clients that include players like Tata Motors, Indian Railway, GMT and RSB.?This facility will be pivotal in lifting Adityapur industrial zone to the next level," said a senior AIADA officer.

According to industry insiders, roughly over Rs 50,000 crore will be invested by various companies in Singhbhum to set up green field and brown field projects in the next five years.

The Singhbhum Chamber of Commerce and Industry (SCCI), which has been proactively engaged in exploring opportunities for Singhbhum-based industries from the day Jharkhand was carved out of Bihar on November 15, 2000, also sees a strong future for the state.

"Although, political instability has been a roadblock for a large part of the last decade, there has been a visible change as far as the government's development oriented priorities are concerned. There are immense opportunities for industries here. All we need is an effective partnership of all the stake holders in the development of the sate," said entrepreneur and vice president of SCCI, Suresh Sonthalia.?

The Adhunik Group of industries, which added a new milestone recently with the inauguration of its Adhunik Metalliks Ltd, a Kandra-based pellet plant, too, has high hopes for Jharkhand.

"We (the state) have just begun moving ahead. There are huge opportunities for Singhbhum-based industries. We need to come together to reap the maximum benefits," said deputy general manager, corporate communications, Adhunik Group of companies, Anand Kumar.

Source: Times of India
http://timesofindia.indiatimes.com/city/ranchi/Singhbhum-industries-rari...