XLRI Jamshedpur has launched the Jharkhand Industrial Policy Lab with an aim to give a fresh thrust to Jharkhand’s industrial development and Governance in partnership with Jharkhand Industrial Infrastructure Development Corporation (JIDCO), Jharkhand Industrial Area Development Authority (JIADA), and Invest India. The launch event at the XLRI campus saw the unveiling of 15 live projects, with JIDCO and JIADA Managing Director Varun Ranjan presenting a transformative vision for the state’s industrial policies.
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Students to Co-Create Industrial Policy Solutions
A total of 30 students will be part of these projects, working through XLRI’s Public Policy elective course and the Committee for Public Policy Research (CPPR). They will receive structured weekly mentoring to deliver practical, result-oriented recommendations. The projects will address issues like investment facilitation, policy implementation, and industrial ecosystem development.
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Knowledge Partners Brought Strategic Insights
Invest India and EY joined as knowledge and consulting partners, sharing perspectives on the strategic and policy relevance of the projects. An interactive session with policymakers and experts allowed students to directly engage with decision-makers. XLRI’s Prof. Kalyan Bhaskar described the initiative as a rare opportunity for students to contribute to shaping state policies while enhancing their academic and personal growth.
First-of-its-Kind Collaboration in India
This is the first time in India that a B-school’s students are directly involved in Government policy formulation and execution. “Working with young students to shape the industrial future is exciting for us. This initiative is set to add a new chapter in the State’s growth story,” said Varun Ranjan. The Jharkhand Industrial Policy Lab is expected to serve as a unique platform for innovation, policy analysis and execution, bridging academia, Government, and industry to drive inclusive development.
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