Jharkhand is located in the Eastern part of India. The state shares its border with West Bengal in the East, Uttar Pradesh and Chhattisgarh in the West, Bihar in the North and Odisha in the South.
At current prices, the Gross State Domestic Product (GSDP) of Jharkhand in 2011-12 was US$ 24.9 billion.
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 and has easy access to raw materials.
The natural resources, policy incentives and location-specific advantages of Jharkhand support investments in sectors such as mining and metal extraction, engineering, iron and steel, and chemicals.
Since Jharkhand has around 40 per cent of the country's mineral wealth, its extensive mineral resources make mining, metals and related sectors, a naturally strong sector of the state.
Jharkhand's mineral reserves include coal, iron ore, bauxite, copper, mica, graphite, manganese, lead, silver, uranium and limestone.