FREQUENTLY ASKED QUESTIONS
Why invest in Jharkhand?
Mining - With 40% of the country's mineral wealth and opening up the mining sector to the private areas, the opportunities need no explanation.
Mineral Based Industries - Both large scale units; with the opportunity of having captive mines; and small-scale units particularly based on Steel Plant, Ceramics, Refractories etc. have tremendous scope in the coming years.
Foundry Industries - A host of Iron and Steel Plants like Bokaro Steel Plant, Tata Iron & Steel Company, IISCO Durgapur, Rourkela Steel Plant, a highly developed Refractory Industry and a ready market in the form of Automobile majors in and around Jharkhand along with India's only institute of foundry and forge technology, make this area, one of the best places to have the foundry.
General Engineering Industries - A battery of steel and coal majors, innumerable big projects, both in Public and Private Sector and availability of trained and educated manpower, offer major attraction for downstream engineering industries like Machine Shops, Fabrication Shop, castings, etc.
Agro Based Industries - With its hilly and plain terrain and a good rainfall, Jharkhand area now is a large grower of fruits and vegetables. It also has a large forest cover. As such Jharkhand is a potential area for growth of Agro Based Industries.
Floriculture & Horticulture - In a large area the climate and soil is conducive to growing of flowers. Santhal Pargana Region produces some of the best varieties of roses. As such -floriculture & horticulture has a vast potential for growth in this Region.
Consumer Sector - Most of the consumables are being brought from outside. Tremendous opportunities exist, especially in pharmaceutical & consumer durables, to cater to the needs of around 100 million people.
What are the incentives being offered to entrepreneurs?
There are attractive incentives being offered for Investment in Jharkhand
Check the Industrial Policy for the incentives being offered.
What are the incentives being given to entrepreneurs for Employment Generation?
Employment Generation incentives are admissible to the following industries:
1. Khadi and Village
2. Farm based - Horticulture, Floriculture, Sericulture
3. Medicinal & Aromatic plants based
4. Forest based - Shellac, Bamboo
All workers/ labourers employed in such industries would be covered under Contributory Group Insurance Scheme (CGIS), in which the State would pay 50% of the premium paid by the employer against each such worker/ labourer. This incentive shall be admissible to only such industries employing a minimum of fifty workers/ labourers.