Jharkhand was carved out of Bihar in 2000 as the 28th state of the Indian Union. The capital of the state is Ranchi.


The state is richly endowed with minerals, such as bauxite, mica, graphite, quartz, iron, copper, and magnetite. About 40% of the country's total mineral resources are located in the state. It is recognized as a region of great potential. The state is also the only producer of uranium and coking coal in the country. Jharkhand also has an abundance of water, energy reserves, forests, and fertile land, which can help the state become one of the most developed states in the country.


Investment in Jharkhand is advantageous due to attractive features, such as a proactive administrative system, richness of minerals, skilled manpower, a number of supporting small-scale industries, reputed technical and educational institutes, and a wide consumer market.


The government of Jharkhand has been making significant efforts to maximize the inflow of investment in the state. Many incentives and policies have been developed and put in place by the government to attract investors. The basic idea of these policies is to augment those industries that utilize the forest, agricultural, mineral, and other resources of the state. The government has a vision to generate employment for its people, improve their quality of life, and thus catalyze the economic development of the state.

The state government is making efforts to ensure development of infrastructure in the state. The state is located very close to the port cities of Kolkata, Paradeep, and Haldia. This provides an additional edge to the state's connectivity. The expansion of infrastructure of the state has further given rise to more investment opportunities in the state. These opportunities are the development of industrial parks and growth centers, establishment of telecom infrastructure, and construction and upgrading of roads and airports.

The government of Jharkhand has announced a number of policies to attract investment in the state. The policies have laid the groundwork for major industrial development in the state. Various schemes and incentives are being offered to investors in the state.

The Industrial Policy has been formulated to ensure timely completion of infrastructure related projects, enhance productivity, and generate employment opportunities. The policy also encourages growth of small and cottage industries in the state.

The long-term vision of the policy is to make Jharkhand the first choice of investors, encourage economic activities to attract capital inflow in the state, boost export of items to other states, simplify administrative procedures, and bring about legal reforms to make investing easier, push for R&D in order to increase productivity, and promote participation of the private sector in the industrialization of the state.

The Information Technology (IT) Policy is also another important policy. This policy has been designed to make the state a preferred destination for IT investment. It also aims to enhance the IT exports of the state, promote IT services in the regional language, set up state-of-the-art IT infrastructure in the state, and computerize government departments.

The Special Economic Zone (SEZ) policy has been designed to provide a setup for the establishment and operation of SEZs. The SEZs offer a liberal environment for foreign investments.

Investment opportunities also exist in agriculture-based industries, hand loom and handicraft, khadi and village industries, and forest-based industries.

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