Why invest in Jharkhand?
Mining - Mineral Based Industries - Both large scale units; with the opportunity of having captive mines; and small-scale units particularly based on Steel Plant, Ceramics, Refractories etc. have tremendous scope in the coming years.
- With 40% of the country's mineral wealth and opening up the mining sector to the private areas, the opportunities need no explanation.
- Leading producer of minerals in India. During 2013-14, the value of minerals produced in Jharkhand was US$ 3.4 billion. The state had a 9.1 per cent share in the total value of minerals (excluding atomic and minor minerals) produced in India.
- Jharkhand ranks second among the states, with 26 per cent of the total iron ore (hematite) reserves. During 2013-14, the state accounted for 15 per cent of the total iron ore produced in India.
- Jharkhand is the only state in India to produce cooking coal, uranium and pyrite. The state is also a leading producer of coal, mica, kyanite and copper.
Foundry Industries
A host of Iron and Steel Plants like Bokaro Steel Plant, Tata Iron & Steel Company, IISCO Durgapur, Rourkela Steel Plant, a highly developed Refractory Industry and a ready market in the form of Automobile majors in and around Jharkhand along with India's only institute of foundry and forge technology, make this area, one of the best places to have the foundry.
General Engineering Industries
A battery of steel and coal majors, innumerable big projects, both in Public and Private Sector and availability of trained and educated manpower, offer major attraction for downstream engineering industries like Machine Shops, Fabrication Shop, castings, etc.Jharkhand is home to one of the largest steel plants in India and accounts for 17.6 per cent of the steel production in the country.
Horticulture:
- Jharkhand cultivates wide variety of fruits & vegetables, both for domestic consumption and export. Nearly 76000 ha of fruits 315000 ha of vegetables were under cultivation during 2013-14
- The state has about 20 lakhs tonnes of high quality surplus of vegetables suitable for processing or export
- 3rd largest producer of Pea in India with 359.25 thousand tonnes of production and 8.94% of share in India. Tomato is also produced in large quantity
- Climate conducive for round the year cultivation of high value crops viz. Cauliflower, Broccoli, Lettuce etc.
- 895.4 thousand MT of fruits produced in the state, primarily mango, Guava, Jackfruit and Litchi in abundant quality
- Fruits, vegetables and field corps and largely organically produced
Floriculture
- It is one of the emerging areas in which the state is taking great leaps.
- Produces some of the best varieties of Cut flowers (Rose, Gerbera, Carnation & Maryord)
- Loose flower and Bulbous flower are being planted in open and in protected conditions.
- Hitech floriculture cum production center has been started at a cost of Rs. 320 lakhs.
- Under the PPP mode 4 PRC’s are in the process of production.
- Scope for setting up of plants based on Aromatic & Medicinal plants.
- Ranchi is famous for it’s large variety of roses and especially for it’s rare pink variety.
Fisheries, Meat and Meat Products:
- 6th largest fish producer in the country with over 1.00 Lakh MT production.
- Fish seed production of about Rs 106.01 Crs during the last year.
- 55,534 Ha tanks, 1,15,000 Ha reservoirs and 14,450 Ha water bodies in form of coal pits/mines/ahars& check dams with 1,800 KM rivers available for fisheries.
- Leading state in cage culture production – over 1000 cages being floated in different reservoirs.
- State-of-art Hygienic Wholesale Fish Market established at Ranchi.
- MatsyaMitra initiative by Jharkhand recognised as best in India by NIRD (more than 3600 MatsyaMitra).
Dairy:
- Increasing milk production from 9.53 lakh MT in 2002-03 to an estimated 21.50 lakh MT during 2014-15.
- For improvement of Milk Breed, establishment of 760 Dairy Animal Development Centre in collaboration with BIAF and 250 centre is under progress.
- Process for establishment of Dairy Plant under PPP is in progress.
- Establishing Dairy Technology Institute at Hansdiha (Dumka District).
Minor Forest Produce:
- Immense scope of collection of minor forest produce as more than 30% of the land is under forest cover. Nearly 23.6 lakh ha, is under forest cover in Jharkhand equivalent to 29.61% of land area.
- One of the largest minor forest producer in India.
- Highest producer of Lac in India with 42% share of total production.
- Huge availability of Tamarind (2,00,000 MT), Mahua (2,00,000 MT), Sal Seeds (1,00,000 MT), Chiraunji (2,000 MT), Karanj (5,000 MT) and Kusum (10,000 MT)
- Wide variety of forest produce, medical plants and herbs securing the Livelihood of Tribals.
Organic Produce & Spices
- Natural heritage of organic commodities and also well known for its biodiversity.
- The agro-climatic and farming situations of the state are favorable for organic farming.
- Organic Ginger, Turmeric & Cashew are key crop segments which hold huge potential.
- The state has 10 lakh hectares upland without chemical inputs and offers land for future organic cultivation.
Consumer Sector- Most of the consumables are being brought from outside. Tremendous opportunities exist, especially in pharmaceutical & consumer durables, to cater to the needs of around 100 million people.
Automotive Sector - The Adityapur Industrial Development Area is one of the largest auto ancillary hubs in the country. More than 600 auto ancillary industries, including auto components units, have been set up subsequently at Jamshedpur and Adityapur to cater to the needs of automobiles companies.
Robust Infrastructure-
- Roads:The state has 1600 Kms National Highways and 2700 Kms State Highways. The Golden Quadrangular the Super Highway of India passes through Jharkhand.
- Railways:The total railway-route length in Jharkhand is around 2040 km.The state has extensive goods-handling facilities available at Ranchi, Bokaro, Dhanbad and Jamshedpur stations as well as ore-loading facilities at Kiriburu, Lohardaga and all Central Coalfields Ltd (CCL) coal mines.
- Airport:A domestic airport is located in the state capital, Ranchi. Direct links are available from Ranchi to prominent cities such as Delhi, Patna, Kolkata and Mumbai.Jamshedpur, Dumka, Dhanbad, Bokaro, Giridih, Deoghar, Hazaribagh, Daltonganj and Noamundi also have airstrips.
- Water:
- Jharkhandhas main 8 dams namely – Panchet Dam, Maithan Dam, Tenughat Dam, Konar Dam, Tilaiya Dam, Mayurakshi Dam, Kanke Dam and Chandil Dam
- Major rivers of Jharkhand are Damodar, Subarnareka, Mayurakshi, Barakar, Koyal, Sankh, Sone, Auranga, More, Karo, Bansloi, South Koel, Kharkai, Ganga, Gumani and Batane
- Maithan has the biggest reservoir of the Damodar Valley Corporation, India’s 1st multipurpose project.
- Power:
- As of November 2014, Jharkhand had a total installed power generation capacity of 2,579.9 MW, which comprised 1,324.1 MW under state utilities, 916.0 MW under the private sector and 339.8 MW under central utilities.
- Backed by large coal reserves in the state, about 91.4 per cent of the total installed power generation capacity in the state is coal based thermal power (2,358.9 MW).
- the state has total 200.9 MW of installed hydropower generation capacity and 20.1 MW from renewable sources.
(Sources: https://jharkhandindustry.gov.in/)
