Davos, Switzerland – Chief Minister Hemant Soren of Jharkhand, India, has declared that the newly implemented Shanti Act will usher in a new era of development for the mineral-rich state. Speaking at the ET House in Davos on Tuesday, during the World Economic Forum (WEF), Soren highlighted Jharkhand's proactive approach to leveraging the opportunities presented by new legislation concerning nuclear energy generation. This comes at a crucial time as India recalibrates its critical minerals and energy strategy.

Soren's presence at Davos marks Jharkhand's first-ever global outreach, demonstrating the state's commitment to engaging with the international community and attracting foreign investment. He was also honored with the White Badge in recognition of his leadership and transformative governance initiatives in Jharkhand. He emphasized that the honor belongs to the people of Jharkhand, and it is a moment of pride for the entire state.

Jharkhand is anchoring its engagement around the theme of "Growth in Harmony with Nature," aligning with the WEF's emphasis on balancing economic growth with ecological responsibility and social inclusion. The state aims to present itself as a region rich in natural resources and indigenous heritage, with a strong focus on sustainable and responsible development.

During his address, Soren articulated a clear vision for sustainable development, emphasizing value addition, job creation, and transformational changes within Jharkhand. He outlined plans to enhance tourism, green energy initiatives, and industrial development to prepare Jharkhand for the future.

The Shanti Act is expected to play a pivotal role in unlocking Jharkhand's economic potential. While specific details of the Shanti Act were not available in the provided context, Soren's statements suggest it is designed to create a more conducive environment for investment and development in the state, particularly in the energy sector.

Jharkhand is actively evaluating opportunities arising from the new legislation on nuclear energy generation. The state government aims to build an investment pipeline of ₹1,000–2,000 crore and expand export channels for forest-based products through these engagements. Industrial promotion and international outreach for tribal heritage and crafts are also key expected outcomes.

Soren also participated in the ‘Delivering Sustainability at Scale’ program organized by the Confederation of Indian Industry (CII), where he expressed his aspirations for Jharkhand to not only be an exporter of minerals and resources but also to drive value addition, create jobs, and implement tangible changes in people's lives.

The Chief Minister is holding high-level discussions with global leaders and corporate representatives to explore investment opportunities in Jharkhand, with the aim of attracting foreign investment and positioning the state as a preferred destination for sustainable and inclusive development. He has expressed his resolve to fulfill the dreams of his ancestors and transform Jharkhand into a leading state driven by youth-led growth, which will translate into improved opportunities and prosperity for its people.