Industrial Policy of Jharkhand 2001
After the creation of the State of Jharkhand on 15th November 2000, to optimally utilise the available resources of the State in a planned manner and to accelerate the industrial development of the State, an Industrial Policy has been formulated. To achieve expected industrial growth, the districts of the State have been categorised into three categories, so as to capitalise the industrial potential through planned utilisation and development of natural and human resources and to gradually increase the employment opportunities.
In view of above, the State Government has decided to make effective the Jharkhand Industrial Policy-2001. This resolution shall include following provisions :
1.1 The newly carved out resource rich State of Jharkhand is widely acclaimed as the region of the future, having immense potential for industrialisation with its large deposits of minerals, which could provide a firm launching pad for various industries. It is one of the richest zones of minerals in the world. As large as 40% of the total minerals of the country are available in this State. The State is the sole producer of cooking coal, uranium and pyrite. It ranks first in the production of coal, mica, kyanite and copper in India. The geological exploration and exploitation of gold, silver, base metals, decorative stones, precious stones, etc. are the potential areas of future.
1.2 Jharkhand is also endowed with other resources such as surface and ground water, land with immense bio-diversity, moderate climate, disciplined and skilled manpower, adequate availability of power, which are the basic essentials for the growth and development of industries.
1.3 The State Government firmly believes in maximising capital investment in the State for its accelerated economic development and generation of employment opportunities. The State Government is committed to create an environment conducive to growth of industries in the State. It is determined to encourage investment in the industries based upon the State's agro-climatic, mineral and manpower resources as also in development of infrastructure.
1.4 The Government of the nascent State of Jharkhand, in consonance with the need and aspirations of the local populace and entrepreneurs, the changes taking place in the global and national economic scenario and the competition at the national and international level has found it expedient to formulate an Industrial Policy for attracting investment including foreign investment in identified thrust areas with a focus upon the Balanced Regional Development as also for creation of essential infrastructure including that for power generation.
1.5 The Government is committed to facilitate rapid, accelerated and planned industrial growth of the region. It shall provide the required infrastructure, simplified mechanisms, sensitive and proactive Government machinery and a friendly atmosphere for industrial growth in the State. It is determined to bring the Industrial Development of Jharkhand at par with leading industrially
Investment Incentives
The Jharkhand State Government provide attractive incentives for investment in the state. The incentives includes sales tax incentives, Fiscal incentives, incentive for quality certification, incentive for mega units, special incentive for IT industry and rebate for IT infrastructure, capital investment incentives, captive power generating subsidy, interest subsidy, incentive for employment generation etc.
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