Key Points

Jharkhand Chief Minister Hemant Soren is actively courting global investors during his Spain and Sweden tour. A key highlight includes a proposed football training partnership with Barcelona's RCD Espanyol to develop grassroots sports. The Tesla Group has shown interest in setting up a battery storage factory, boosting renewable energy infrastructure. Discussions also covered startup growth, traditional medicine research, and food processing investments to strengthen Jharkhand's economic appeal.

Key Points: Jharkhand CM Hemant Soren Pitches Global Investment in Spain Sweden Tour

  • CM Soren secures football coach training MoU with RCD Espanyol
  • Tesla Group proposes GIGA battery factory in Jharkhand
  • Delegation explores startup mentorship and clean energy investments
  • Spanish firms urged to explore trade and tourism opportunities
3 min read

Jharkhand ready for business: CM Hemant Soren invites global investment during visit to Spain, Sweden

Jharkhand CM Hemant Soren invites global investors during Spain-Sweden visit, securing football training MoU with RCD Espanyol and renewable energy deals.

"Jharkhand is ready for business - CM Hemant Soren"

Ranchi, April 22

Jharkhand Chief Minister Hemant Soren, currently on an official tour of Spain and Sweden, made a strong investment pitch in Barcelona, asserting that "Jharkhand is ready for business" and inviting global entrepreneurs to invest in the state.

As part of the outreach, the Government of Jharkhand received a proposal from Spanish football club RCD Espanyol to sign a Memorandum of Understanding (MoU) for training football coaches from the state.

According to an official release from the Chief Minister's Office, the collaboration aims to harness Barcelona's advanced sports infrastructure to boost grassroots-level football training in Jharkhand.

Simultaneously, a high-level delegation led by the Chief Minister interacted with Indian-origin business leaders and experts in Barcelona across various fields such as Startup Mentorship, Clean Energy, Environmental Sustainability, Supply Chain, Bio-Pharmaceuticals, Sports Marketing, Cricket Franchise Ownership, Deep-Tech B2B Marketing, Legal, Dentistry, and MedTech.

The delegation discussed strategies to promote entrepreneurship, innovation, and startup growth in Jharkhand.

Participants expressed their interest in supporting the creation of a vibrant startup ecosystem in the state. The Chief Minister invited all attendees to visit Jharkhand and explore investment opportunities.

The Chief Minister also held a meeting with Dusan Lichardus, CEO and Co-founder of Tesla Group AS (Czechoslovakia).

During the meeting, Lichardus proposed to establish a GIGA Factory in Jharkhand focused on the assembly of commercial and industrial battery storage products. The project would be similar to the company's recently set-up facility in Braila, Romania, aimed at enhancing renewable energy storage infrastructure.

The business delegation suggested that the Jharkhand Government should initiate the mapping of startups and their mentors in the state and establish connections with global incubators. Investment opportunities in value-added food processing, especially involving jackfruit and tomatoes, were also discussed.

Further discussions included collaboration in traditional medicine (Hodopathy), Research and Development, and licensing of innovations in sectors such as Pharmaceuticals, MedTech, and Biotech.

The Jharkhand delegation stressed the importance of strengthening the State's branding among Spanish companies. It was suggested that a sustained promotional campaign focused on Investment, Tourism, and Trade could position India--and Jharkhand in particular--as a key destination for Spanish companies.

Chief Minister Soren assured the delegation that the Government of Jharkhand will maintain continuous engagement with Spanish companies through regular meetings and follow-up programs to advance collaborations. He affirmed that the valuable suggestions received would be considered while updating and refining state policies.

The Chief Minister also reiterated Jharkhand's significant progress in Ease of Doing Business and the Government's commitment to facilitating smooth and fast-tracked investment implementation in the State.

- ANI

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Reader Comments

P
Priya K.
This is such exciting news! Jharkhand has so much untapped potential. The football training initiative with Espanyol could be game-changing for young athletes. âš½
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Rahul S.
While I appreciate the investment push, I hope the government ensures local communities benefit from these projects. Sustainable development should be prioritized over quick wins.
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Anjali M.
The GIGA factory proposal sounds promising! Clean energy storage is the future and Jharkhand could become a leader in this space. Great move by CM Soren.
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Sanjay P.
As someone from Jharkhand, I'm proud to see our state getting global attention. The focus on traditional medicine alongside modern tech shows balanced thinking.
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Neha T.
Interesting read! The startup ecosystem push is much needed. Hope they follow through with proper infrastructure and policy support. 🤞
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Vikram J.
The football MoU is cool, but I hope they invest equally in other sports too. Jharkhand has produced many great athletes across different disciplines.

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