Opportunity

The existing of numerous auto-ancillaries, availability of skilled manpower, further backed up with the presence of ITI’s, NIT, MSME Tool Room, etc. in and around Jamshedpur which are continuously producing more skilled manpower, Jamshedpur/Adityapur provides a very suitable destination for auto majors to come and set up their vehicle manufacturing units here. The advantages for automobile and auto-component industries in Jharkhand may be summarized as follows:

• Proximity to raw material sources, a large market base in and around the state, and a large S.E. Asian export market, makes Jharkhand attractive for Automobile, Auto components, and even White goods manufacturers.
• Tata Steel and Bokaro Steel Plant (both located in Jharkhand), provide freight advantage in sourcing CR sheets
• Long presence of world class industries and many more large industries in and around the state, including Tata Motors and South-Eastern Railways, have created an excellent vendor base to support the Automobile sector. It may be noted that Tata Motors produces Trucks for the domestic and export markets and the local ancillary is geared up to meet the international quality standards and delivery compliance.
• Usha Martin, Timken, Cummins, TRF, Tinplate, HEC, Indal, ICI, TAYO, etc. produce a wide range of engineering products.
• Hindustan Copper, Central Coalfields and Bharat Coking Coal are into Mining (Copper and Coal) and coking coal respectively creating the need for supplying various types of industrial vehicles and mobile equipment such as dumpers, dozers, excavators, cranes, etc