Industrial Atmosphere in Jharkhand
...working towards creation of an investor friendly state
Major Industrial activities in large and medium sectors is already taking place in Jharkhand. Besides that Jharkhand has a strong and diversified industrial base capable of creating large scale productive employment opportunities. Jharkhand may emerge as one of the preferred destinations for industrial investment in India.
The major industries present in Jharkhand are from the following sectors: iron and steel, automobile, non-ferrous metals, fertilizers, chemicals and cement. Large scale investments in both public and private sectors have been made in basic and heavy industries.
There are about 63,000 units of small scale industries with an overall investment to the tune of Rs.415 crores, which provide employment to nearly 200,000 people. Further, about 300 large and medium units, with an overall investment of nearly Rs.12,000 crores, provide employment to another 74,000 people. It is clear that village and small scale industries have an important role to play in the socio-economic development of the state of Jharkhand, particularly from the point of view of employment generation and balanced regional development.
After creation of the new state of Jharkhand, the investment climate has improved and proposals involving large investments are being received by the state government. Some have even been accepted and implementations are on the way.
Jharkhand has been preferred by these investors as against other neighboring states, due to a co-operative political leadership and bureaucracy, a conductive industrial atmosphere, and a proactive industrial policy. The Jharkhand government is committed to promote industrialization and is lending full support to new investors.
The state is very rich in mineral resources. About 40% of the total minerals in India, is available in Jharkhand. The geological exploration and exploitation of gold, silver, base metals, precious stones, etc. are the potential areas of the state.
Jharkhand has a rich forest cover with natural resources like tassar, shellac etc. to support agro based industries, particularly Horticulture and Floriculture. It also has adequate power generation and efforts are being made to enhance it. Jharkhand also has adequate availability of surface and ground water and is sufficient with immense biodiversity supported by a moderate climate.
The state has an industrious and peaceful workforce with low number of man days lost in the last two decades on account of strikes. This is corroborated by the fact that the Tatas have been in Jharkhand for more than hundred years and have hardly faced any strikes or major worker agitation.