Last Updated: July 03, 2015
Latest update: August, 2015
Last Updated: August, 2015
JHARKHAND State Report | August, 2015
Jharkhand is located in the eastern part of India. The state shares its borders with West Bengal in the east, Uttar Pradesh and Chhattisgarh in the west, Bihar in the north and Odisha in the south.
Jharkhand is one of the richest mineral zones in the world and boasts of 40 per cent and 29 per cent of India's mineral and coal reserves respectively. Due to its large mineral reserves, mining and mineral extraction are the major industries in the state.
In 2015, Jharkhand accounted for about 40 per cent of India’s total mineral reserves. Jharkhand stands first in coal reserves, second in iron ore reserves, third in copper ore reserves and seventh in bauxite reserves in the country.
Jharkhand is the only state in India to produce coking coal, uranium and pyrite. With 26 per cent of the total iron ore (hematite) reserves, Jharkhand ranks second among the states. During 2014-15, the state accounted for 16.8 per cent of the total iron ore produced in India.
The state’s industries enjoy a unique location-specific advantage as it is close to the vast market of eastern India. It is closer to the ports of Kolkata, Haldia and Paradip which helps in transportation of minerals.
Jharkhand offers a wide range of fiscal and policy incentives to industries, under the Industrial Policy, 2012. The state also has policies for IT and special economic zones (SEZs) offering sector-specific incentives, as well as the Jharkhand Energy Policy 2012 which aims to supply reliable and quality power in an efficient manner at a reasonable price.
About 80 per cent of the rural population of the state depends on agriculture. Rice is the major food crop of the state, covering 80 per cent of the cropped area.