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Industrial Policy Of Jharkhand |
Jharkhand
The newly carved out resource rich State of Jharkhand is widely acclaimed as the region of the future, having immense potential for industrialisation with its large deposits of minerals, which could provide a firm launching pad for various industries. It is one of the richest zones of minerals in the world. About 40% of the total minerals of the country are available in this state. The State is the sole producer of cooking coal, uranium and pyrite. It ranks first in the production of coal, mica, kyanite and copper in India. The geographical exploration and exploitation of gold, silver, base metals, decorative stones, precious stones, etc. are the potential areas of the future.
Jharkhand is also endowed with other resources such as surface and ground water, land with immense bio-diversity, moderate climate, disciplined and skilled manpower, adequate availability of power, which are the basic essentials fro the growth and development of industries.
The State Government fimly believes in maximising capital investment in the State for its accelerated economic development and generation of employment opportunities. The State Government is commited to create an enviornment conductive to growth of industries in the State. It is determined to encourage investment in the industries based upon the State's agro-climatic, mineral and manpower resources as also in development of infrastructure.
The Government of the nascent State of Jharkhand, in consonance with the need and aspirations of the local populace and entrepreneurs, the changes taking place in the global and national economic scenario and the competition at the national and international level has found it expedient to formulate an Indutrial Policy for attracting investment including foreign investment in identified thrust areas with a focus upon the Balanced Regional Development as also for creation of essential infrastructure including that for power generation.
The Government is committed to facilitate rapid, accelerated and planned industrial growth of the region. It shall provide the required infrastructure, simplified mechanisms, sensitive and proactive Government machinery and a friendly atmosphere for industrial growth in the State. It is determined to bring the Industrial Development of Jharkhand at par with leading industrially developed states of the country by 2005.
Objectives
The Industrial Policy aims at making Jharkhand one of the most preffered destination for investment, both from inside and outside the country and to ensure accelerated implementation of infrastructure related projects, increasing emploment opportunities, improving productivity, ensuring homogeneous and balanced development of all Geographical regions of the State with emphasis on development of small, tiny and cottage industries.
The broad policy objectives are elaborated as below:
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Optimal utilisation of agro-climatic, mineral and human resources of the State.
- To promote economic activities to ensure maximum capital investment in the State with the objectives of increasing employment opportunities, improving standard of living of people at large, specially the deprived and the down trodden sections of the society and to ensure all round development of the State.
- Identification of thrust areas and thrust zones to prioritize the sectors and categorisation of backward regions with respect to industrialisation.
- To develop the state of art technology and infrastructure so as to ensure planned and accelerated industrial development.
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