Last updated on May, 9 2021
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. The GSDP increased at a compound annual growth rate (CAGR) of 12.30% between 2015-16 and 2018-19.
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 (a non-mulberry silk) in India. Value of mineral production (excluding fuel minerals) during 2018-19 stood at Rs. 2,510.99 crore (US$ 356.22 million).
The state’s coal reserves are estimated at around 83,151 million tonnes. Jharkhand accounts for 20-25% of the total steel produced in the country. In 2018-19, 1,248 thousand tonnes of limestone were produced in Jharkhand with a total value stood at Rs. 42.91 crore (US$ 6.09 million).
The state is the largest producer of tasar silk (a non-mulberry silk) in the country with 76.4% share in the total output. In 2018-19, raw silk production in the state was 2,375 metric tonnes.
Between October 2019 and September 2020, FDI inflow in Jharkhand stood at US$ 2,643.76 million. The state ranked 5th in India in terms of FDI inflow. In 2019, the number of IEM filed were 25 and the amount of investments proposed were Rs. 1,159 crore (US$ 165.83 million).
Total exports from the state stood at US$ 1,252.79 million during 2018-19. During 2019-20, exports from the state stood at US$ 1,168.01 million.
The following are some of the major initiatives taken by the Government to promote Jharkhand as an investment destination:
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