Jharkhand is the 28th state of the Indian Union and was brought into existence by the Bihar reorganization Act on 15th Nov 2000. Jharkhand is famous for its rich mineral resources like Uranium, Mica, Bauxite, Granite, Gold, Silver, Graphite, Magnetite, Dolomite, Fireclay, Quartz, Feldspar, Coal (32% of India), Iron, Copper (25% of India) etc.

Jharkhand, which is home to many core industries has enormous potentialities for diversified industrialization, with its large deposits of minerals which is further supported by investor friendly Industrial Policy 2012. The Industrial Policy is aimed at enhancing value addition of the natural and human resources in efficient manner and considerable progress has been achieved during the last few years. As many as 26 mega industries, 106 large and medium industries and 18,109 micro and small industries have been set up in the State with an approximate investment of Rs 28,424.06 crore.

Jharkhand has taken considerable steps to ease the business approvals and execution processes with the use of information technology, fully functional single window system, progressively issuing specific notifications, enactment of acts/ policies, land availability, etc.

Jharkhand is presently producing about 20-25% of total steel being produced in the country. With the proposed expansion of a number of integrated steel plants, Jharkhand will be producing over 25 MT of steel and thus will turn to be a potential steel-hub of India. Recently, an MOU has been signed between the Steel Ministry and NMDC for establishment of 6 MT integrated Green Field Steel Plants. Even various types of auto grade steels, which were earlier being imported, are now being produced within the State. Similarly the production of alumina in the State has increased from about 80,000 metric tonnes to over 200,000 metric tonnes. The State has at present four Industrial Area Development Authorities with Head Quarters at Adityapur, Bokaro, Ranchi and Deoghar. Government is committed to provide international standard infrastructure and facilities in the industrial areas and estates managed by the Industrial Area Development Authorities.

Jharkhand Government is also keenly working towards skill development, improving exports, Mineral based products, Handicrafts, Handlooms, Agriculture and Processed Food products to ensure increased industrial development across the State. Jharkhand is leading and is wooing investors in mineral exploration, Plastics and Rubber, Chemicals, Electrical, Cement, Metallurgy and Automobile components, Equipmen’s for Heavy Engineering companies etc.

Jharkhand has some important steel plants and mines, there is a distinct advantage with respect to freight in sourcing Cold Rolled sheets; auto grade steel plants are being set up. Jharkhand’s automotive industry produces a wide range of products from simple nuts and bolts to complex items like shafts, radiators and axles supported by the Tata Motors as the anchor company.

Around 30% of Jharkhand’s geographical area is covered with highly bio diversified forests, thus, giving opportunity for development of Minor forest produce based industries and herbal based industries. Also, Its agro-climatic condition is suitable for development of Agri-based and allied sector industries.

Government Organisations like Industrial Area Development Authorities {Ranchi Industrial Area Development Authority (RIADA), Adityapur Industrial Area Development Authority (AIADA) & Bokaro Industrial Area Development Authority (BIADA), Santhal Paragna Industrial Area Development Authority (SPIADA)}, State Khadi Board, Jharkhand Industrial Infrastructure Development Corporation (JIIDCO) and JHARCRAFT are making significant contribution in industrialization of the State and are cash surplus.

The Central Government’s Eastern Dedicated Freight Corridor passes through the state and would connect Jharkhand with West Bengal, Bihar, Jharkhand, Uttar Pradesh, Delhi, Haryana, Punjab and Rajasthan and is expected to be immensely beneficial for industries in the state; it would immensely help in the transport of finished products to ports in Bay of Bengal in lesser amount of time thereby bringing down transportation cost

The Government acts as a facilitator and a catalyst by providing support infrastructure facilities like inland container depots, air cargo facilities, Knowledge Parks, Special Economic Zones, internet connectivity, etc. Also, Rail & Road Network expansion have been given a high priority.