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. The state boasts of 40 per cent and 30 per cent of India’s mineral and coal reserves respectively. With 28 per cent of the total iron ore (hematite) reserves, Jharkhand ranks second among all states in the country. During 2011–12, the state accounted for 11.9 per cent of the total iron ore produced in India.
Jharkhand is the only state in India to produce coking coal, uranium and pyrite. The state is also a leading producer of coal, mica, kyanite and copper.
The average gross state domestic product (GSDP) growth rate was about 9.4 per cent between 2004–05 and 2011–12. The state provides investment opportunities in sectors such as mining and metals, power, infrastructure, manufacturing and food processing.
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 small economic zones (SEZs) offering sector-specific incentives. The state’s industries enjoy a unique location-specific advantage, as it is close to the vast market of eastern India. Jharkhand’s proximity to the ports of Kolkata, Haldia and Paradip gives it easy access to raw materials.