Jharkhand has around 40 percent of the country’s mineral wealth. The state is one of the largest producers of coal, mica and copper in India. Because of its large mineral reserves, mining and mineral extraction is the major industry in the state.
Jharkhand‟s economy has grown at about 9.3 per cent between 1999-2000 and 2008-09. The state provides investment opportunities in sectors such as mining and metal, power, infrastructure, manufacturing and food processing.
At current prices, the Gross State Domestic Product (GSDP) in 2008-09 was US$16.5 billion. Between 1999-2000 and 2008-09, the average annual GSDP growth was 9.3 per cent.
As of March 2010, investments in Jharkhand‟s infrastructure sector were over US$ 13 billion. Around 91 per cent of infrastructure investments in were in the area of power generation and distribution. The other sectors attracting investments were railways and roads.
Jharkhand’s exports increased at a CAGR of about 15.6 per cent between 2000-01 and 2008-09. The state’s major exports are engineering goods and services, auto-components and chemicals.
Jharkhand offers a wide range of fiscal and policy incentives to the industries, under the Industrial Policy, 2001. The state also has policies for IT and SEZ offering sector-specific incentives.State Presentation (November 2010)
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