Jharkhand

Jharkhand is in the eastern part of India. 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. At current prices, Jharkhand’s gross state domestic product (GSDP) was estimated to stand at ~Rs. 5.56 trillion (US$ 64.61 billion) in FY26. The GSDP increased at a CAGR of 10.41% between FY16 and FY26.

Jharkhand is rich in mineral resources such as coal (27.3% of India’s reserves), iron ore (26% of India’s reserves), copper ore (18.5% of India’s reserves), uranium, mica, bauxite, granite, limestone, silver, graphite, magnetite, and dolomite. Since Jharkhand has around 40% of the country's mineral wealth, its extensive mineral resources make mining, metals, and related sectors especially lucrative for investments. 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. Jharkhand is the largest producer of tussar silk (non-mulberry silk) in India. Mineral production in the state stood at 138.15 million tonnes in FY23.

The state’s coal reserves are estimated at around 33 billion tonnes. Jharkhand accounts for 20-25% of the total steel produced in the country. In FY22, Jharkhand produced 72 thousand tonnes of limestone which was valued at Rs. 35,005 (US$ 0.42 million).

The state is the largest producer of tussar silk (non-mulberry silk) in the country with a 76.4% share in the total output. The state's raw silk production stood at 2,402 MT in FY20, 2184 MT in FY21 and 1,046 in FY22.

According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative foreign direct investment (FDI) inflows in Jharkhand stood Rs. 19,468.10 crore (US$ 2.68 billion) between October 2019- June 2025.

As of March 2023, the number of IEMs filed were 3 and the value of proposed investments stood at Rs. 424 crore (US$ 51.6 million).

Total exports from the state stood at Rs. 16,357 crore (US$ 1.9 billion) in FY25.

Major items exported from Jharkhand are Engineering Goods, Mica, Coal and Other Ores, Minerals Including Process, and Iron Ore.

As of FY26 (until August 2025), Jharkhand had a total installed power generation capacity of 3212.95 MW, comprising 804.30 MW under private utilities, 550.05 MW (state utilities), and 1858.60 MW (central utilities).

Under the State Budget FY26, Rs. 5,005 crore (US$ 581.3 million) has been allocated as power subsidy for consumers.

According to the Telecom Regulatory Authority of India (TRAI), Bihar including Jharkhand had 24.80 million wireless and 0.38 million wireline subscribers, as of March 2025.

As of March 2025, tele-density in the state stood at 62.18%.

The following are some of the major initiatives taken by the Government to promote Jharkhand as an investment destination:

• Major allocation under state budget FY26:
  • Rs. 5,300 crore (US$ 615.6 million) has been allocated as capital outlay on roads and bridges.
  • Rs.130 crore (US$ 15.1 million) has been allocated for urban transport systems and civic amenities in Urban Local Bodies (ULBs) and Rs. 200 crore (US$ 23.2 million) for other amenities.
  • Rs. 2,057 crore (US$ 238.9 million) has been allocated towards Sarva Siksha Abhiyan.
  • Rs. 1,769 crore (US$ 205 million), while the National Ayush Mission has been allocated Rs. 168 crore (US$ 19.5 million).
  • Rs. 212 crore (US$ 24.6 million) for the State Horticulture Development Scheme and Rs. 140 crore (US$ 16.3 million) for distributing agricultural equipment to farmers and women self-help groups (SHGs).
• In October 2025, the Centre approved four new medical colleges in Jharkhand under the Public-Private Partnership (PPP) model at Khunti, Jamtara, Dhanbad, and Giridih.
• In September 2025, Jharkhand approved 1,117 new rural health sub-centres worth Rs. 6,199.35 crore (US$ 720.10 million) to improve primary healthcare access.
• In September 2025, Bharat Sanchar Nigam Limited (BSNL) announced an investment of Rs. 1,573 crore (US$ 182.72 million) to strengthen 4G infrastructure in Jharkhand, covering around 2,750 remote villages.
• In September 2025, the Union Cabinet approved the doubling of the Bhagalpur-Dumka-Rampurhat rail track (spanning about 177 km across Bihar, Jharkhand and West Bengal) with an investment of Rs. 3,169 crore (US$ 368.10 million).
• In May 2025, Jharkhand has received Rs. 3,059 crore (US$ 355.33 million) in investment proposals following the Chief Minister’s Europe visit, including a major plan for a convention centre in Ranchi.
• In April 2025, Coal India Limited and Damodar Valley Corporation have signed a Memorandum of Understanding (MoU) to develop a 2×800 MW ultra-supercritical coal-fired power plant in Jharkhand, with a total investment of Rs. 16,500 crore (US$ 1.92 billion).
• On February 6, 2025, Jharkhand secured Rs. 26,000 crore (US$ 3.02 billion) in investment proposals at the Bengal Global Business Summit, with half directed towards the steel sector and the rest spread across renewable energy, food processing, textiles, and logistics.
• On January 27, 2025, JSW Group announced a Rs. 2,600 crore (US$ 302.01 million) investment to develop two copper mines and a concentrator plant in Jharkhand under an Mine Operator & Developer (MDO) contract with Hindustan Copper Limited.
• The Centre plans to invest Rs. 2,00,000 crore (US$ 23.23 billion) in national highway and related infrastructure projects in Jharkhand, including corridors such as Varanasi-Ranchi-Kolkata and Ranchi-Varanasi.
• In September 2024, the central government announced a budget of over Rs. 7,000 crore (US$ 839.33 million) for the development of rail infrastructure in Jharkhand.
• In four years (2018-19 and 2021-22), Jharkhand attracted new investment proposals of over Rs. 1.10 lakh crore (US$ 13 billion) completed projects of Rs. 52,893 crore (US$ 6.45 billion) and revived pending proposals worth Rs. 287.45 crore (US$ 35.1 million), according to the study jointly conducted by the MSME Export Promotion Council and the Confederation of Organic Food Producers & Marketing Agencies (COII).
• Union Minister of Roads Transport and Highways, Mr. Nitin Gadkari, in March 2023, promised to bolster infrastructure in Jharkhand and asserted that Rs. 2 lakh crore (US$ 24 billion) highway network will be rolled out in the state by 2024.
• Prime Minister Mr. Narendra Modi inaugurated the Deoghar airport in July 2022, which has been constructed at an estimated cost of Rs. 400 crore (US$ 48.8 million).  The Terminal Building of the airport is equipped to handle over five lakh passengers annually.
• The Jharkhand government unveiled an ambitious new solar policy (Jharkhand Solar Policy, 2022) which is aimed at increasing clean energy capacity up to 4,000 megawatts in the next five years.
• As per the State Budget 2024-25, the government allocated Rs. 6,017 crore (US$ 726.69 million) for the agriculture and allied activities sector.
• As per the State Budget 2024-25, Rs. 7,232 crore (US$ 873.43 million) has been allotted to the health & family welfare sector.
• A slew of road projects, measuring a collective length of 752 km and worth Rs. 13,299 crore (US$ 1.62 billion) were inaugurated, and their foundation stones were laid in March 2023 in Jharkhand.
• Under the State Budget 2024-25, Rs. 6389 crore (US$ 771.62 million) has been allocated towards roads and bridges projects in the state.
• In September 2019, the second Multi-Modal Terminal built at Sahibganj in Jharkhand was inaugurated, which was constructed on the river Ganga under the Jal Marg Vikas Project (JMVP).
• Two SEZs were notified first at Adityapur (adjoining Jamshedpur) for the automotive industry and second at Adani Power (Jharkhand) Ltd. for the power industry.

Jharkhand is a mineral-rich, fast-growing state in eastern India, anchored by strong fundamentals in mining, metals, power and engineering. With a GSDP of US$ 64.61 billion in FY26 and abundant reserves of coal, iron ore and other strategic minerals, the state is a critical supplier to India’s industrial and steel ecosystem. Proximity to eastern markets and major ports, rising infrastructure investment across roads, railways, power and healthcare, and steady inflows into steel, energy, mining and logistics are strengthening its investment profile. Supported by sector-specific industrial, energy and logistics policies, alongside expanding connectivity and social infrastructure, Jharkhand is emerging as a key hub for resource-led manufacturing and sustainable industrial growth.