The Department of Industries has got the Centre’s nod for construction of a World Trade Centre (WTC) at the upcoming Smart City in suburban Ranchi, officials from the Department said. State officials recently met senior officials from the Union Commerce and Industry Department in New Delhi and finalized the project, which was pending since a long time, said Mukesh Kumar, Director of State’s Department of Industries. The Jharkhand Industries Development Corporation (JIDCO) will be the executing agency for the project, he added.
“Although the World Trade Centre will come up in Ranchi’s Smart City, it will be governed by the Department of Industries,” said Kumar. The building is likely to be constructed on a 10 acre plot and will facilitate export to foreign countries directly from Jharkhand. The project is likely to cost around Rs 45 crore. The WTC will boost the State’s industrial aspirations and attract investments. The infrastructure will act as a one-stop-centre for all the businessmen interested in globalizing their business.
Officials from the Department of Industries said that Jharkhand already exports steel, auto parts, tussar, tamarind and lac to foreign shores. After the construction of the WTC, industrialists and businessmen here will not have to go to Kolkata or New Delhi for exporting their goods, they added. The WTC will also provide space to multinational companies to exhibit and promote their products.